by briesterer | Nov 9, 2023 | Financial Planning, Tax & Accounting
Recently, the IRS halted processing of claims for the Employee Retention Credit (ERC), due to a high volume of fraudulent claims. The moratorium is through at least the end of 2023. ERC claims already filed are now subject to longer processing, including heightened...
by briesterer | Nov 9, 2023 | Financial Planning, Tax & Accounting
Is your business having trouble collecting payments from clients or vendors? You might be able to claim a bad debt deduction on your tax return. But if you hope to take the deduction on your 2023 return, you’ll have to get busy, because you must be able to show that...
by briesterer | Oct 5, 2023 | Financial Planning, Tax & Accounting
Receiving a sudden and sizable influx of cash may seem like a dream come true. It can be, but many people get carried away and end up in worse financial shape. If you’re hit with a financial windfall, here are some points you should know. Risky Conditions You may be...
by briesterer | Oct 3, 2023 | Tax & Accounting
With so many people working remotely these days, thinking about moving to another state has become common — perhaps for better weather or to be closer to family. Business owners might contemplate selling their business as part of an out-of-state move. Many retirees...
by briesterer | Oct 2, 2023 | Financial Planning, Tax & Accounting
The IRS issued a notice on September 14th, 2023 ordering an immediate stop to processing all new claims for the Employee Retention Tax Credit (ERTC). This comes amid a surge of questionable claims and concerns about aggressive marketing to ineligible taxpayers. Here...
by briesterer | Aug 11, 2023 | Tax & Accounting
The rise of “ERTC Mills” has caused widespread confusion and increased the potential for fraud. These entities exploit the system, intensifying the risk of deception. While these mills charge for basic clerical duties, their agreements often specify that...
