Employee Retention Credit: Is Your Company Eligible?
The Employee Retention Credit was part of the CARES Act designed to help small to medium businesses during the COVID-19 pandemic. The basic aim was to provide a credit worth $7000 per employee, per quarter (for the first three quarters of 2021). There was also a...
2022 Changes to the R&D Credit – Are you prepared?
Image by PublicDomainPictures from Pixabay Due to the legislative changes created by the Tax Cuts and Jobs Act of 2017 (TCJA), research and development costs (including software development costs) must be capitalized taxable year beginning January 1, 2022. The...
Top 5 Myths About the Employee Retention Credit for Small Businesses
Photo by Clay Banks on Unsplash 2020 was a tumultuous time for much of the world. The effects of COVID have been widespread and the response to COVID is still ongoing. This article explores a critical incentive that came as a result of COVID’s effects on...
Tax Insights: Decoding Biden’s Tax Plan
Photo by: Element 5 Digital for Unsplash With the General Election less than a week away, it’s important to investigate how the election might affect a tax policy moving forward. Specifically, the election of Former Vice President Biden would put a new party and new...
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