Blogs
As a business owner, you know everything there is to know about your industry. You could be an expert on your specific business, but how much do you know about business taxes? If you are like other business owners, you might not know a lot. Luckily, there are professionals who can guide you through the basic and specific tax…
If your loved one recently passed away, you may have many questions about filing income tax for them. Perhaps the most important thing is to understand that you are not alone. Dealing with a deceased’s unpaid taxes can be challenging. For example, who is responsible for paying taxes when someone dies? Do IRS debts go…
If you have a tax balance with the IRS, you may be wondering if you can get a passport. While having your passport renewal denied or revoked is a possibility, it depends on the amount you owe the IRS. If your taxes become seriously delinquent, the IRS can take action against you, leading to the…
Most employers in the United States completely shut down or suspended operations during the COVID-19 pandemic. To help such businesses, the federal government implemented various policies, including the Employee Retention Tax Credit (ERTC) or Employee Retention Credit (ERC) program. However, it can take the IRS months to process claims because of the number of applications the…
If you’re a small business owner, you’ve probably heard about sales tax. Knowing how to collect, record and remit sales tax can be complicated, especially as your business grows. Keeping up with changing tax regulations can also be challenging. Paying sales tax for your small business is essential because failing to do so can result…
The Employee Retention Credit (ERC), also known as the Employee Retention Tax Credit (ERTC), will unveil some major changes at the start of 2024. Starting in September of 2023, the IRS Commissioner placed a moratorium on new ERC applications through the end of the year, giving the IRS time to update its guidelines and develop a new…
Navigating the intricacies of sales tax regulations in the Lone Star State is essential to running your business successfully, whether you are a seasoned entrepreneur or just entering the market. This process has many moving parts, but this go-to resource will help you keep track of everything. Filing your sales tax in Texas is a…
You complete your tax forms, look at the bottom line, and your heart and head start pounding as panic sets in. You need more money to pay the balance due. Paying taxes is bad enough if you can grab a second job or work a few hours of overtime to earn the difference, but what…
When COVID-19 first started, small and midsized businesses (SMBs) were disproportionately affected by nationwide shutdowns and lost income. The Employee Retention Credit (ERC) or Employee Retention Tax Credit (ERTC) was part of the federal government’s attempt to help these businesses stay afloat by funding certain payroll expenses. Even as we come out of the pandemic,…