Your #1 guide to start a business and grow it the right way…
Search
Tax Preparation
Your CPAs Guide To The New ERC Crisis
IRS Announces Moratorium on the Employee Retention Credit and Provides Guidance for Civil Penalty Amnesty to Withdrawing Improper Claims, Also Known As - Don’t Deposit That Check and Hire Legal Counsel The expansion and strong marketing tactics of good-for-nothing “accounting advisors” who encouraged taxpayers to qualify for the Employee Retention Credit (“ERC”) when they did not technically qualify has caused…
Wake up with our popular morning roundup of the day's top military and defense stories
Stay Updated
Get the latest headlines, discounts for the military community, and guides to maximizing your benefits
More Stories
California Copies IRS, Extends Oct. 2023 Tax Deadlines To Nov. 2023
The California Franchise Tax Board announced that most Californians have until November 16, 2023, to file and pay their tax year 2022 taxes to avoid penalties. The FTB made the announcement October 16, on the heels of an IRS announcement, the same day. The IRS announced that taxpayers affected by…
California Extends Due Date For California State Tax Returns
Earlier today, the IRS announced that various tax filing and payment deadlines for most taxpayers in California were being further postponed to Nov. 16, 2023. State Tax Relief Now, the California Franchise Tax Board confirmed that most Californians have until November 16, 2023, to file and pay their tax year…
IRS Further Postpones Tax Deadlines For Most California Taxpayers
With hours to go before the filing deadline, the IRS has further postponed tax deadlines for most California taxpayers to Nov. 16, 2023. “Further” is a key word—due to the winter storms that hit the Golden State earlier this year, the normal spring due dates had previously been postponed to…
IRS Extends 10/16/23 Tax Deadlines To 11/16/23 For Most Californians
The IRS further postponed tax deadlines for most California taxpayers to Nov. 16, 2023. In the wake of last winter’s natural disasters, the normal spring due dates had previously been postponed to Oct. 16. But in IR-2023-189, added another month. As a result, most individuals and businesses in California will…
Florida Police Deputies Charged With Stealing Nearly A Half Million Dollars In Covid Funds
We tend to think that police officers are busily enforcing our laws, but prosecutors in the Southern District of Florida allege that more than a dozen officers did just the opposite. Seventeen deputies in the Broward County Sheriff's Office are accused of Covid-19 fraud-related charges totaling nearly half a million…
Could A Trump Corporate Tax Rate Cut To 15 Percent Raise Revenue?
Former President Donald Trump and his campaign advisers are discussing a corporate tax rate cut to 15 percent paid for with a 10 percent across-the-board tariff. At the same time, it is becoming increasingly clear that most of U.S. multinationals’ mobile profits are now booked in tax havens, and we…
Canadian Tax Essentials For Foreign E-Commerce Businesses
Canada stands as the 9th largest e-commerce market, poised to reach a remarkable revenue of $55 billion by 2023. This dynamic market promises substantial growth, with an anticipated compound annual growth rate of 10.6%, potentially surging to a market volume of $83 billion by 2027. However, foreign e-commerce businesses entering…
Wall Street Journal Supports Abusive Conservation Tax Shelters
I had a hard time figuring out how to respond to a piece by the Editorial Board of the Wall Street Journal - A Case of Tax Fraud - at the IRS (Agent backdated documents to punish legal deductions). They were referring to an IRS screwup that has gotten a…
IRS Gives Tax Extension For Israel Terrorist Attack Impact To 10/7/24
The IRS has announced tax relief for individuals and businesses affected by the terrorist attacks in the State of Israel. These taxpayers now have until Oct. 7, 2024, to file various federal returns, make tax payments and perform other time-sensitive tax-related actions. In Notice 2023-71, the IRS provided relief to…
IRS Gives Taxpayers Impacted By The Terrorist Attacks In Israel More Time To File
The IRS has announced tax relief for individuals and businesses affected by the terrorist attacks in the State of Israel. These taxpayers now have until Oct. 7, 2024, to file various federal returns, make tax payments, and perform other time-sensitive tax-related actions. Affected Taxpayers The relief is extended to any…
Most Popular
Creative Ways Startups Can Earn Funding in Tough Economic Times
In a declining economy, startups face an uphill battle when it comes to securing funding.…
I Asked AI to Create a Plan for a Fake Company — The Results Blew Me Away, But Not in the Way You Might Think
With all of the recent news about artificial intelligence (AI), it got me thinking about…
Ideas To Transform You From Good To Better To Best
A while back, I took a couple of my grandchildren on a tour of the…
5 Crucial Challenges Startups Must Overcome
Startups face numerous challenges on their journey to success, and failing to overcome any one…