IRS Letter 6612 signifies an audit of Employee Retention Credit (ERC) claims, prompted by a surge in ineligible applications. Businesses receiving the letter must provide detailed documentation within 30 days to prove their ERC eligibility or face possible claim denial.
In this podcast, PBMares Partner, Sean O'Connell, summarizes IRS Code Sections that could include financial savings for individuals and businesses.
Learn about the future of the franchise model and best practices of successful franchises.
In this podcast, we discuss a new piece of legislation, the Tax Relief for American Families and Workers Act of 2024. We do not know what will be in the final bill or if we will even have one. But what is in the bill that has many excited?
If you're a business owner who mistakenly claimed the Employee Retention Credit, find out how the new IRS Voluntary Disclosure Program can help you rectify the situation. Discover the eligibility criteria, benefits, and application process in our informative video.
The IRS launched the Employee Retention Credit Voluntary Disclosure Program (ERC-VDP), providing an opportunity for employers to correct mistaken Employee Retention Credit (ERC) claims penalty-free, with submissions due by March 22, 2024.
On January 31, 2024 the House of Representatives passed the Tax Relief for American Families and Workers Act, providing business tax breaks and expanded child care credits. Learn if you should consider filing an extension for your 2023 individual and business tax return and consult with a professional tax advisor for evaluation.
Highlights and need-to-know policy landscape as the 2024 state legislative sessions begin.
Tax legislation packaging the child tax credit and favorable business tax provisions moves to the Senate with momentum but an uncertain fate.
The IRS announced a sweeping enforcement effort that will engage AI to focus on large partnerships and wealthy individuals.
As Internet Explorer will discontinue browser security updates by August of 2021, this site is best viewed using Google Chrome, Safari or Microsoft Edge.
