Infrastructure Law Sunsets Employee Retention Credit Early
The Employee Retention Credit (ERC) was a valuable tax credit that helped employers survive the COVID-19 pandemic. A new law…
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The Tax Score of Winning
Studies have found that more people are engaging in online gambling and sports betting since the pandemic began. And there…
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Businesses Can Show Appreciation — And Gain Tax Breaks — With Holiday Gifts and Parties
With Thanksgiving just around the corner, the holiday season will soon be here. At this time of year, your business…
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Claiming a Theft Loss Deduction if Your Business Is the Victim of Embezzlement
A business may be able to claim a federal income tax deduction for a theft loss. But does embezzlement count…
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Planning for Year-End Gifts With the Gift Tax Annual Exclusion
As we approach the holidays and the end of the year, many people may want to make gifts of cash…
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Employers: The Social Security Wage Base Is Increasing in 2022
The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $147,000 for…
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