Your business has likely been the recipient of many robocalls telling you that you’re missing out on the Employee Retention Credit (ERC). Callers promise eligibility and a fast, easy application process. Don’t fall for it, says the IRS. The ERC (also known as the ERTC) is a tax credit that was introduced during COVID to make it […]
Archives for August 2023
New Guidance on Beneficial Ownership Interest Reporting
Anti-money laundering laws and new reporting requirements are on the horizon for many businesses, thanks to the Corporate Transparency Act. Starting in 2024, many small businesses will be required to report information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN) in an effort to build a national database for national security and […]