by Sarah Boehle Pool | Aug 30, 2021 | Latest News
Eligible Businesses: Claim the Employee Retention Tax Credit The Employee Retention Tax Credit (ERTC) is a valuable tax break that was extended and modified by the American Rescue Plan Act (ARPA), enacted in March of 2021. Here’s a rundown of the rules. Background...
by Sarah Boehle Pool | Aug 29, 2021 | Latest News
Scholarships are usually tax free but they may result in taxable income If your child is fortunate enough to be awarded a scholarship, you may wonder about the tax implications. Fortunately, scholarships (and fellowships) are generally tax free for students at...
by Sarah Boehle Pool | Aug 26, 2021 | Latest News
Don’t assume your profitable company has strong cash flow Most of us are taught from a young age never to assume anything. Why? Well, because when you assume, you make an … you probably know how the rest of the expression goes. A dangerous assumption that many...
by Sarah Boehle Pool | Aug 25, 2021 | Latest News
IRS audits may be increasing, so be prepared The IRS just released its audit statistics for the 2020 fiscal year and fewer taxpayers had their returns examined as compared with prior years. But even though a small percentage of returns are being chosen for audit these...
by Sarah Boehle Pool | Aug 23, 2021 | Latest News
Traveling for business again? What can you deduct? As we continue to come out of the COVID-19 pandemic, you may be traveling again for business. Under tax law, there are a number of rules for deducting the cost of your out-of-town business travel within the United...
by Sarah Boehle Pool | Aug 19, 2021 | Latest News
Pondering the possibility of a company retreat As vaccination levels rise and major U.S. population centers fully reopen, business owners may find themselves pondering an intriguing thought: Should we have a company retreat this year? Although there are still health...
