The Employee Retention Credit (ERC) was a refundable tax credit developed during the COVID-19 pandemic to aid businesses and tax-exempt organizations that continued paying employees if their...
The IRS will audit a tax return for many reasons, including bad luck. Math errors, inconsistent information, and high deductions might also trigger an audit. While audits can be intimidating, the...
The New Markets Tax Credit (NMTC) was established in 2000. The credit has been used to incentivize investors to finance and start projects in low-income communities. New investments in these areas...
The manufacturing industry will face several changes in federal tax law in 2024 thanks to the Tax Cuts and Jobs Act (TCJA) of 2017. New or expanded tax credits are also available to encourage certain...
Form 1099-NEC Form 1099-NEC is required to be issued if the small business owners or sole proprietors paid at least $600 for services performed by contractors within the calendar year. It reports the...
Thinking about the industries that are most at risk for cyberattacks, the construction industry might not be near the top of most people’s lists. According to a report from the security software...
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Recent changes by the U.S. Department of Labor (“DOL”) have redefined what constitutes “large plans” in the world of employee benefit plans. This shift is based on the participant counting...
Nonprofit organizations with federal tax-exempt status must file Form 990 with the IRS each year. This form requests information about an organization’s operations, management, revenue and expenses....
Successful construction companies depend on creating accurate estimates for bids and projects. Accurate estimates are essential for everything from winning bids to securing a company’s long-term...