IRS Presses Pause on Employee Retention Credit Claims
The IRS announced this week a temporary pause in processing new Employee Retention Credit claims through at least the end of 2023.
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- Aug 10
- 1 min
Is your California law firm in compliance with the new Client Trust Account Protection Program?
Is your California law firm in compliance with the new Client Trust Account Protection Program (CTAPP)? From The State Bar of California:...
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A+T
- Feb 7
- 2 min
LAW FIRMS: ANNUAL LICENSE RENEWAL AND MINIMUM CONTINUING LEGAL EDUCATION
License renewal for the 2023 State Bar of California began December 1, 2022 with the deadline to file on February 1, 2023. According to...
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A+T
- Feb 7
- 1 min
LET’S TALK 1099S!
All businesses are required to issue Form 1099-MISC or Form 1099-NEC to relevant vendors, freelancers, and contractors, as well as file...
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A+T
- Feb 7
- 2 min
TAX LOOPHOLE: THE AUGUSTA RULE
Did you know that you can rent out your home for up to 14 days per year without needing to report the rental income on your individual...
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A+T
- Feb 7
- 2 min
EMPLOYEE RETENTION CREDIT: UP TO $26,000 PER EMPLOYEE FROM THE IRS? YES, PLEASE.
The Employee Retention Credit (ERC) has been infusing small to mid-sized businesses with cash across the country since it was passed...
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A+T
- Feb 7
- 2 min
FILING YOUR TAXES BY APRIL DEADLINE IS A GOOD IDEA
What do they say? Taxes are one of the only certainties in life? We file our taxes every year, but why do so many of us put it off until...
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A+T
- Feb 7
- 2 min
DEFERMENT PERIOD FOR DISASTER LOANS EXTENDED
With the upheaval of the last few years, millions of small businesses have taken advantage of Covid-related relief funds to stay afloat....
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A+T
- Feb 7
- 3 min
INFORMATION LETTERS FROM THE IRS ARE GOING OUT
The Internal Revenue Service has announced that it will be issuing information letters to Advance Child Tax Credit recipients. Letters...
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- Feb 7
- 1 min
EMPLOYERS REQUIRED TO PROVIDE 401(K) TO EMPLOYEES BY JUNE 2022
The state of California has initiated a mandate to assist private sector employees with saving for retirement through their job by...
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- Feb 7
- 1 min
EMPLOYEE RETENTION CREDIT AXED FOR FOURTH QUATER
The Employee Retention Credit, which has been infusing businesses with cash that have been affected by the Covid-19 pandemic, is due to...
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A+T
- Feb 7
- 2 min
IRS PAYS $5,000 FOR WEBSITE ACCESSIBILITY
The Americans with Disabilities Act of 1990 (ADA) is a civil rights law that prohibits discrimination based on disability. Most business...
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A+T
- Feb 7
- 2 min
ERTC, MONEY, MONEY, MONEY!
I bet your business could use an influx of cash. What if you could get up to $33,000 from the IRS for each employee, and all you had to...
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A+T
- Feb 7
- 1 min
CALIFORNIA COMES THROUGH!
After months of anticipation, Governor Newsom announced this week that California will conform with IRS regulations making deducibility...
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A+T
- Feb 7
- 2 min
ECONOMIC RELIEF CONTINUES
With Covid-19 cases down significantly in California and restrictions on businesses lifting, there is still a long way to go to get our...
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A+T
- Feb 7
- 1 min
GOOD NEWS/BAD NEWS – TAX DEADLINE EXTENDED
Good news! The IRS has formally announced that the 2020 filing deadline for individual taxpayers has been extended from April 15 to May...
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A+T
- Feb 7
- 2 min
THE AMERICAN RESCUE PLAN
The American Rescue Plan Act of 2021 has been signed by President Biden and is now law. The latest stimulus package is designed to...
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A+T
- Feb 7
- 2 min
TIME TO START THINKING ABOUT FIRST DRAW PPP LOAN FORGIVENESS
We are a year into the Covid-19 pandemic, a year into stay-at-home orders and shutdowns – all of which have dramatically affected our...
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A+T
- Feb 7
- 1 min
SCHEDULE C FILERS, REJOICE!
The SBA issued new Paycheck Protection Program guidelines allowing those that are self-employed and file Form 1040, Schedule C to...
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- Feb 7
- 1 min
PPP SECOND DRAW LOANS
Loan applications through the Payroll Protection Program will soon be available to all small businesses. If you or your business received...
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