Category Archive: Uncategorized

Retirement Savings

If most of your money is tied up in your business, saving for retirement can be a challenge. So, if you haven’t already set up a tax-advantaged retirement plan, consider doing so this year. If ...

IRA - files

Highlights of the Inflation Reduction Act (IRA)

The Inflation Reduction Act of 2022, was signed into law by President Biden on Tuesday, August 16, 2022. The Inflation Reduction Act of 2022 (The Act) will raise revenue, reduce the deficit, make major investments ...

IRS Backlog Files

The IRS is Buried in Work, Ya’ll

That is both a literal and figurative statement. The photo above, provided by the U.S. Department of the Treasury, shows the cafeteria at the IRS’ Austin facility in June. This is visual confirmation of what ...

Work Opportunity Tax Credit Can Help Employers Hire Workers

With many businesses facing a tight job market, the Internal Revenue Service recently reminded employers to check out the work opportunity tax credit (“WOTC”) Recent legislation extended this credit through the end of 2025. Employers ...

Aw, the IRS has a heart

Today, the IRS issued Announcement 2016-25:  Tax Treatment of Payments made on Behalf of or Reimbursements Received by Residents Affected by the Southern California Gas Company Natural Gas Leak. Let’s refresh our memories.  The Aliso ...