IRS Addresses Retroactive Termination of…
The employee retention credit (ERC), also referred to as the employee retention tax credit (ERTC), was created in March 2020 to encourage eligible businesses to keep employees on ...
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2022 Health FSA Contribution Cap…
Employees can put an extra $100 into their health care flexible spending accounts (health FSAs) next year, the IRS announced, as the annual contribution limit rises to $2,850, up f...
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DHW Principal Tim Reynolds Featured…
Tim Reynolds, Principal with NTDA Allied Member Davidson, Holland, Whitesell CPAs & Strategic Advisors, recently joined the team of the Entrepreneur Exchange podcast to discuss com...
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The IRS Lately: the Good,…
by Andrew Bollman, CliftonLarsonAllen LLP The IRS has been getting a lot of attention lately, for a variety of reasons. Most of it has been highlighting some frustrations taxpayers...
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Most Taxpayers who Requested an…
Oct. 15 is the filing extension deadline. Most taxpayers who requested an extension of time to file their 2020 tax return must file tomorrow to avoid the penalty for filing late. E...
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Failure to Understand the Difference…
A common issue we see taxpayers face is their ability to properly distinguish between a subcontractor and employee. Generally, employers must withhold income, Social Security, Medi...
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Don’t Fall Victim to an…
While many types of scams occur throughout the year, we generally see a spike in IRS scams during the primary filing season of January through April. IRS scams typically occur when...
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New law Increases Deduction Limit…
The Internal Revenue Service recently explained how corporations may qualify for the new 100% limit for disaster relief contributions and offered a temporary waiver of the recordke...
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Reminder: Work Opportunity Tax Credit…
The Work Opportunity Tax Credit is a valuable tax credit available to employers who hire long-term unemployment recipients and others certified by their state workforce agency if t...
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