“I believe in innovation and that the way you get innovation is to fund research and learn the basic facts.” – Bill Gates It has always been an innate belief of policymakers that investment in research and development helps develop new products and technologies, stimulates our economy, promotes job growth, and helps us compete on a …
ERTC unlocks an opportunity for business owners to claim credit that is rightfully deserved. However, reading the fine print of the requirements to correctly claim this credit reveals a complexity that is quite confusing. What happens if a business has also received a PPP loan? What if a business is eligible for R&D tax credits? …
Employee Retention Tax Credit (ERTC): The Interplay of ERTC, PPP, and R&D Tax Credits Read More »
As tough as the pandemic was for all, no one can deny that for those who launched a new business during the pandemic, working through the COVID-19 pandemic aftermath has been a herculean task. The American Rescue Plan acknowledges that starting a company at the onset or during the pandemic was extremely challenging and provides …
Employee Retention Tax Credit for Start-ups and Other Challenging Circumstances Read More »
Have you missed the boat on the ERTC? Or can you still get the benefit by filing claims? Apparently, it is not too late. In fact, the ERTC is the only benefit that can be claimed retroactively until 2024. Along with EIDL and PPP as financial assistance packages provided, the ERTC was one of the …
The thing about business is – nearly every event that occurs throughout the year will have an impact on your company’s tax liability. Thus, the tax filing date is just the culmination of all those events. The truth is, most business owners don’t launch their business to become a tax-genius or financial analyst. Their original …
Breaking News: It’s Tax Time! Unlocking the Value of a CFO Advisor Read More »
It’s a pleasant surprise when you put on a jacket or pair of jeans and find several crisp twenty dollars bills in a pocket. It may even prompt you to check other pockets to see if there’s additional cash lying around that you can put to good use. The same can be said for businesses …
Whether or not you are a football fan, you probably know the Super Bowl is right around the corner – and it will be played right here in the Golden State at SoFi Stadium. But getting there is only half the battle for the two opposing teams. They know there’s a lot more to be …
It’s that time again – when thoughts turn to creating new habits that will help us get in shape. Resolutions are made to spend less time staring at digital screens or binge-watching our favorite shows. Those who manage to keep their resolutions all year attribute their success to an accountability partner. This applies not only …
5 Steps Businesses Can Implement to Achieve 2022 Vision Read More »
Traveling is always an adventure, regardless of the mode of transportation – especially during the holiday season. For some, just driving near a shopping mall can be exasperating. Having proper plans in place can make the roads more manageable. Still, we realize that unpredictable twists and turns await us on our journey. This rings true …
On October 15, 2021, the Chief Counsel of the IRS quietly released a new procedural requirement for businesses claiming refunds for research tax credits, kicking up some clouds of doubt and frustration. As the IRS undertakes this new initiative to validate claims, it leaves many businesses wondering about the status of their refund. This is …