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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Vaccinated? Claim Tax Credits for You and Your Employees
To get my complete, FREE articlewith all the details… As you know, because of the terrible COVID-19 crisis, the federal government wants every eligible person to get vaccinated. And since Uncle Sam knows that a little sugar makes the medicine go down, he’s providing you and your employees with a sweet incentive What employers need to know now. If you give your … [Read more...]
Use “Net Unrealized Appreciation” (NUA) To Cut Taxes
To get my complete, FREE articlewith all the details… NOTE: This new article makes must-reading for…Certain EmployeesAnd…Tax pros with these types of spouses or clients Definition: NUA (Net Unrealized Appreciation) The term NUA refers to the difference between what someone pays for employer’s stock, (the cost basis), and the stock’s appreciated fair market … [Read more...]
Don’t miss out on the “Employee Retention Credit”
To get my complete, FREE articlewith all the details… Good news! The government wants to give money to small businesses just like yours! Why has Uncle Sam created this pretty much no-strings-attached giveaway via the Employee Retention Credit (ERC)? Because lawmakers know that small businesses help power the economy and they want to make sure that small businesses … [Read more...]
The nightmare of payroll tax embezzlement
To get my complete, FREE articlewith all the details… What’s more painful than sending withheld payroll taxes to the IRS? Having them embezzled by an employee! And believe me, it happens all the time. And when it does, you take a double hit. First, you lose the cash you worked so hard to earn.Second, you still have to make good the payroll tax money you owe the … [Read more...]