Employee Retention Credit Update
Following a pause on new Employee Retention Credit claims in September, the IRS is giving businesses an option to withdraw ERC claims if there is concern about the claim’s inaccuracy.
“Greatest of All-Time” Internal Revenue Code Sections
After 38 years serving hundreds of U.S. taxpayers, Tax Partner Sean O’Connell shares his “Greatest of All Time” top 10 list of Internal Revenue Code Sections – all of which are still in effect.
Whitepaper | Issues to Consider When Planning for Charitable Giving
For a comprehensive checklist of relevant issues to take into consideration when planning for charitable giving, download our guide: Issues to Consider When Establishing Your Charitable Giving Strategy.
Cybersecurity Awareness Month: Spotlight on the Construction Industry
During Cybersecurity Awareness Month, construction contractors are reminded of the proactive steps they can take to mitigate digital risk from ransomware and other cyberattacks.
Cybersecurity Awareness Month: Reminders for Cyber Hygiene
October is Cybersecurity Awareness Month. Four basic tips, including how to recognize and respond to phishing attacks, can better protect online data and deter cyber criminals.
Expatriating Americans: Beware the Exit Tax
For a variety of reasons, many Americans living overseas contemplate relinquishing their citizenship. This process has a number of ramifications that warrant serious consideration. This article will focus on the tax impact of renouncing US citizenship — the US Exit Tax.
5 Signs Your Compensation and Benefits Packages Need an Overhaul
Understanding the tax implications of your compensation and benefits plans is essential if you want to avoid tax liabilities and offer packages that attract the right talent.
Looking Forward: 3 Tips for Strategic Value with Internal Audit
Mid-market orgs see internal audit serving one function—but it can add more value. Learn tips to convey its strategic value across stakeholders.
North Carolina Budget Passes with Tax Cuts and Other Modifications
North Carolina passes a budget almost three months after the fiscal year begins with new taxes, accelerated tax cuts, and other taxpayer-friendly provisions.
Employee Retention Credit Processing Halted by the IRS Amid Widespread Fraud
On September 14 2023, the IRS halted all new employee retention credit claims to combat rampant tax fraud. If a business has an open ERC refund claim, they are strongly encouraged to evaluate their eligibility with a professional tax advisor.