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Processing New ERC Claims? What You Must Know About the IRS ERC Mess
The Employee Retention Credit (ERC) was an important tax credit available to specific employers. The program ended at the end of 2021, but employers can still claim it by filing...
Depreciation: From Beginning to Middle to End
If you have assets in business or rentals, depreciation is an essential concept to understand. However, it can be confusing for those who aren’t tax experts because of all the...
Corporate Advances to the Owner: Loans, Dividends, or Salary?
Understanding the finances of owning a business is critical to your success, as well as your avoidance of serious issues with the IRS. Such is the case with corporate advances....
What Is the Kiddie Tax and How Can You Prevent It?
You might assume that if you have a child, they don’t need to file an income tax return. This isn’t entirely accurate. Even if the person is a minor, the...
Does Your House Cleaner Factor into Your Home Office Deduction?
Does Your House Cleaner Factor into Your Home Office Deduction? If you’re reading this right now, you likely have an office in your home and you know it qualifies for...
What You Need to Know About 105-HRA Plans for Small and Solo-Owned Businesses
In the past, we’ve talked a lot about common questions related to health insurance. One of the things we’ve covered in detail is the 105-HRA plan. This article is going...
Taxes and NFTs: Important Things to Understand
NFTs (non-fungible tokens) are digital assets that people buy, sell, and trade. Lots of people have lost money on NFTs, while some lucky individuals have made decent money from them....
