To get my complete, FREE articlewith all the details… Leave it to the IRS to find a new way to hurt S and C corporations. The IRS wants to cause you pain. Here’s how… The new IRS Notice 2021-49 disallows the valuable employees tax credit (ERC) to more-than-50% owners… owners who have certain living relatives. That’s right. Your corporation can’t qualify for the … [Read more...]
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Can You Claim the ERC for your C or S Corporation?
“Can You Claim the ERC for your C or S Corporation?” To get our complete, FREE articlewith all the details… Understanding the Employee Retention Credit (ERC) is a little difficult, but worth the effort. Why? Because a lot of money is at stake! Here’s the all-important question you need to answer… “Can your C or S corporation claim the ERC on the W-2 wages you … [Read more...]
Five Steps to Getting Your Employee Retention Credit
“Five Steps to GettingYour Employee Retention Credit” To get our complete, FREE articlewith all the details The Employee Retention Credit (ERC) is a big deal. A very big deal. You see, it was designed to help employers like you continue to pay your employees during the COVID-19 pandemic. And if you qualify for the ERC, you can put tens of thousands of dollars in … [Read more...]
TCJA: Don’t Lose Out When Corp. Vehicle Is in Your Personal Name
Do you operate your business as an S or C corporation? Do you drive a vehicle for business purposes that’s registered in your own name? Then watch out! You see, the Tax Cuts and Jobs Act (TCJA) changed the rules for tax years 2018 to 2025. These changes in the tax law deny 1040 employee business-expense deductions when you use a personal vehicle for corporate … [Read more...]
PPP Update: Two New Rules for Owners of S and C Corporations
Here’s good news for S and C corporation owner-employees. During the past month, the Small Business Administration (SBA) issued: A new set of frequently asked questions (FAQs)A new interim final rule concerning the Payroll Protection Program (PPP) Taken together, these rules provide S and C corporations with significant benefits. What are they? How can you take … [Read more...]