Nov 15, 2023 | News and Alerts
A number of factors are making 2023 a confounding tax planning year for many people. They include turbulent markets, stabilizing but still high interest rates and significant changes to the rules regarding retirement planning. While much uncertainty remains, the good... continue reading »
Nov 1, 2023 | News and Alerts
Recent IRS warnings and announcements regarding the Employee Retention Tax Credit (ERTC) have raised some businesses’ concerns about the validity of their claims for this valuable, but complex, pandemic-related credit — and the potential consequences of an invalid... continue reading »
Sep 26, 2023 | News and Alerts
In the face of a flood of illegitimate claims for the Employee Retention Tax Credit (ERTC), the IRS has imposed an immediate moratorium through at least the end of 2023 on processing new claims for the credit. The reason the IRS cites for the move is the risk of... continue reading »
Sep 14, 2023 | News and Alerts
In December 2022, President Biden signed the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act. Among other things, the sweeping new law made some significant changes to so-called catch-up contributions, with implications for both employers and... continue reading »
Aug 17, 2023 | News and Alerts
The airwaves and internet are inundated these days with advertisements claiming that businesses are missing out on the lucrative Employee Retention Tax Credit (ERTC). While some employers do indeed remain eligible if they meet certain criteria, the IRS continues to... continue reading »
Aug 15, 2023 | News and Alerts
IRS Commissioner Danny Werfel has just announced a change in a memorandum titled Interim Guidance on Field Collection Safety During Field Contact, which reverses a decades-long practice by IRS revenue officers. Effective immediately, most unannounced visits to... continue reading »