Jul 16, 2024
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 credit or are now questioning your eligibility, here’s what you should know. The...
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Jun 25, 2024
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 considers the Texas Franchise Tax a “privilege” tax, meaning...
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Jun 18, 2024
The IRS recently announced increased security for the Centralized Authorization File (CAF) program and client transcript process used by tax professionals. A nine-digit CAF number is assigned to tax preparers as an extra layer of security when they are interacting...
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May 28, 2024
Few tax sagas reach the drama and intrigue that the Panama Papers have. The case is considered the granddaddy of offshore account data leaks and holds lessons for the uber-wealthy, yes, but also for the rest of us. The Panama Papers scandal erupted in April 2016,...
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May 21, 2024
It’s been a busy tax season for scammers bent on exploiting small businesses. Phishing campaigns that mention Employer Identification Numbers (EINs), tech support, and more are trying to lure you and your precious data to them. MalwareBytes has alerted small...
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