Managing financial planning decisions, such as retirement savings, budgeting, and estate planning, can be a complex, emotional, and challenging task that many people wish to delay. However, neglecting your financial affairs can negatively impact you and your loved ones should you become ill or pass away. (more…)
The IRS takes its tax filing deadlines very seriously. If you missed the corporate tax filing deadline, that can lead to hefty penalties. But missing a deadline is not the cause of immediate panic. It happens. Actually, it happens to more than 7 million Americans every year. (more…)
“Nothing is certain except death and taxes.”
The Employee Retention Credit (ERC) program is still offering financial relief to businesses that were impacted by the pandemic. This program provides eligible employers a tax credit for qualifying wages, and health insurance paid to employees in 2020 and 2021. (more…)
Each year, the Internal Revenue Service and the Department of Labor conduct audits to ensure that employee benefit plans comply with government regulations. While many audits are selected randomly, certain circumstances increase your risk of being audited. (more…)
The Inflation Reduction Act of 2022 (IRA), signed into law by President Biden on August 16, 2022, provides a variety of new tax provisions that are set to become effective this year. (more…)