Auto Dealerships Articles
The Employee Retention Credit: What You Need to Know
Posted by Jenna Sheehan on July 09, 2021
Is your business eligible for the ERC?
10 Facts About the Pass-Through Deduction for Qualified Business Income
Posted by Brian Kern on July 07, 2021
Owners of “pass-through” businesses can claim a valuable tax deduction that was created by a 2017 law. Here’s how much it’s worth and who is eligible.
Reminder: Eligible Businesses-Claim the Employee Retention Tax Credit
Posted by Megan Morris-Smith on July 01, 2021
If your business hasn’t already claimed the Employee Retention Tax Credit, you should check out if you’re eligible. The money can help with the costs you incur in hiring and retaining employees during the pandemic.
Q3 Tax Calendar: Tax Deadlines for Businesses
Posted by Jonathan Herdlein on June 17, 2021
Although you might want to enjoy the lazy days of summer, employers and businesses should be careful not to miss these third quarter 2021 tax deadlines.
Hiring Your Minor Children this Summer? Reap Tax and Nontax Benefits
Posted by Kristin Re’ on June 04, 2021
Are you a business owner with teenage or college-age children who constantly need cash? You may want to hire them to work at your business. You’ll save taxes and realize other benefits.
Using Your Financial Statements to Evaluate Capital Budgeting Decisions
Posted by Douglas Muth on May 24, 2021
Taking your business to the next level may require a major infusion of capital. A disciplined approach to evaluating capital investment decisions can help get the biggest bang for your buck.
New York State 2022 Budget Decouples Opportunity Zone Tax Benefits from Federal Tax Benefits
Posted by Cory Van Deusen V on May 13, 2021
The New York state FY 2022 budget bill signed by Governor Andrew Cuomo on April 19 includes a provision that “decouples” certain state income tax benefits for qualified opportunity zone (QOZ) funds from those provided under federal tax law. The change is effective January 1, 2021.
Florida Enacts Economic Nexus and Marketplace Legislation
Posted by Mark Stack on May 13, 2021
On April 19, 2021, Florida’s governor signed S.B. 50 into law, making Florida one of the last states to adopt economic nexus and marketplace facilitator rules for sales tax purposes since the landmark U.S. Supreme Court decision in South Dakota v. Wayfair.
Help Ensure the IRS Doesn’t Reclassify Independent Contractors as Employees
Posted by Kelsey Weigel on May 13, 2021
Employee or independent contractor? That’s the question businesses ask when they bring on certain workers. Here are the basic rules to help keep you out of tax trouble.
New Law Approves Temporary COBRA Subsidy
Posted by Timothy Bubar on May 04, 2021
The new American Rescue Plan Act (ARPA) requires employers to offer a 100% subsidy to qualified former employees for COBRA health care coverage. This is good news for workers because COBRA coverage can be expensive.