The Employee Retention Credit (ERC) was a lifeline for many businesses struggling during the pandemic. However, with the surge of misinformation and fraudulent claims, the IRS has intensified its review process to protect against improper claims.
(more…)
Did you know that over 53 million Americans dedicate an average of 24 hours weekly to caring for elderly family members or those with disabilities? This dedication often comes at a significant personal cost – over $7,000 a year on average.
(more…)
Medical debt is a major burden for millions of Americans. As many as four in 10 adults report owing to credit cards, collections agencies, and even friends and family, with most owing between $1,000 and $2,000 and a concerning number facing debts exceeding $10,000.
(more…)
Recent changes from the Department of Labor (DOL) could significantly impact how you classify workers – and whether they’re considered employees or independent contractors. This update to the Fair Labor Standards Act’s (FLSA) rules has important implications for both businesses and individuals.
(more…)
You may be able to do this utilizing any unused funds in the student’s 529 Plan. The IRS now allows rollovers of these funds to a Roth IRA in the child’s name.
(more…)
In a landmark decision, the Federal Trade Commission (FTC) recently approved a ban on non-compete agreements for most employees. While the legalities are still being ironed out, let’s explore what this might mean for companies and intellectual property (IP) values.
(more…)