Tag: Tax Strategy
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IRS Announces Immediate Halt to New Employee Retention Credit Claims Processing
September 20th, 2023
On September 14, the IRS issued a news release announcing an immediate stop to processing Employee Retention Credit (ERC) claims filed on or after September 14, 2023.
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Gifting Strategies to Minimize Your Tax Bill
August 29th, 2023
This article will highlight a few ways to incorporate both types of gifting into an overall income and estate tax planning strategy.
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How to Determine When Business Travel Expenses are Deductible
August 16th, 2023
Here is a summary of key definitions and an overview of the nuances that may exist under certain work arrangements.
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Center for Private Company Excellence Webinar: 2023 Tax Outlook – Challenges, Opportunities, and Updates
August 14th, 2023
Tuesday, August 29, 2023 9:00am – 10:00am
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3 Common Financing Types and How to Determine Which is Right for Your Business
July 20th, 2023
Here are three common financing types and elements to consider when choosing the right option for your business.
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What Real Estate Investors Should Know About Section 1031 Exchange Rules
July 20th, 2023
A 1031 exchange, also known as a like-kind exchange, is a component of the tax code that permits individuals or businesses to defer paying capital gain taxes on the sale of certain types of investment properties, which is intriguing to many in real estate operations and investment.
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Philanthropy Options in Family-Owned Businesses
July 12th, 2023
We have found that many have philanthropic intentions as part of their core values. Most of these businesses choose to make contributions directly to individual charities each year. However, there are two often-overlooked alternatives for making these contributions. Determining which vehicle is best for you depends largely on your goals and the level of control you wish to have on the contributed funds.
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Philadelphia Issues Guidance on BIRT and NPT Treatment of Amendments to IRC Section 174
June 29th, 2023
The ever-changing landscape of tax laws and regulations can often leave business owners scratching their heads, trying to navigate complex amendments and understand their implications. In Philadelphia, a recent development regarding the treatment of amendments to Internal Revenue Code (IRC) Section 174 has prompted this alert.
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2023 Year-End Tax Seminar
June 20th, 2023
Join us for our 2023 Year-End Tax Seminar on Thursday, November 16.
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9 Warning Signs for Employee Retention Credit Scams
June 19th, 2023
The Employee Retention Credit (ERC) was created as an incentive to help business owners retain and pay their employees during the uncertainty surrounding the COVID-19 pandemic. The credit qualifications and underlying guidance were urgently issued by the IRS so taxpayers could obtain the funds for the credit and keep their businesses afloat. However, hindsight is […]