Blog
ERC Voluntary Disclosure Temporarily Returns
The IRS has announced a limited-time reopening of its Voluntary Disclosure Program (VDP) for businesses that incorrectly claimed Employee Retention Credit (ERC). It’s a chance for businesses...
Your Social Security Number Is at Heightened Risk for Theft
You can safely assume that, in one form or another, your personal data has been leaked online. If it wasn’t apparent before, it’s undoubtedly become clear with the revelation that nearly 3...
The Tax Benefits of a Net Operating Loss (NOL)
Business losses can occur for a variety of reasons. They could be the result of financial challenges, but losses can also happen when you take chances, expand, or grow in ways that are...
Dangers of AI-Powered Chatbot Tax Advice
TurboTax and H&R Block started using artificial intelligence (AI) chatbots to give tax advice. The potential results? Dramatically inaccurate tips that could lead to an audit. Consider this...
IRS Offers Tax Guidance for Inherited Retirement Accounts
Over the past few years, the SECURE and SECURE 2.0 Acts dramatically changed the rules for qualifying inherited retirement plans, including IRAs. The IRS finally released guidance clarifying...
Family Business Growth Through Uncertainty
If you own a family business that’s been growing or seems poised for growth, you’re not alone. You’re also not alone if you feel more worried or concerned than ever, even while your revenue and...
Still Waiting for Your Employee Retention Credit?
The Employee Retention Credit (ERC) was a lifeline for businesses during the COVID-19 pandemic, but things went south due to widespread fraud and abuse. If you’re still waiting for an ERC...
What Is Tax Loss Harvesting?
Sometimes we lose, sometimes we win, and most of us experience both in the same year if our financial portfolios are diverse enough. Tax loss harvesting can be a useful tax tool in these...
Maximizing Tax Deductions in 2024
Reaching Texas Franchise Tax Status
There's a cost for success in Texas: The Franchise Tax. If your business is experiencing or planning rapid growth, don't be caught unprepared when you reach the threshold. The Texas Comptroller...