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Tax Cuts & Jobs Act 2.0?
What To Expect From The 2025 Tax Bill April 15 has come and gone. Now we can finally go back to not thinking about taxes for another 9-12 months, right? […]
IRS Simplifies ERC Compliance: New Guidance Eases Tax Reporting for Restaurants
Updated FAQ Offers Practical Solutions The Internal Revenue Service (IRS) updated its FAQ related to the Employee Retention Credit (ERC), delivering practical solutions tailored to the unique financial challenges faced […]
Employee Retention Credit (ERC) Wage Reduction Relief
IRS Updates ERC FAQs The IRS recently updated its FAQs related to the Employee Retention Credit (ERC). As we had previously communicated, taxpayers were required to reduce the wage expense […]
Tariffs Get The Green Light
Tariffs On Goods Imported From Canada & Mexico Allowed To Go Into Effect Following a 30-day delay on tariffs announced in early February, President Donald Trump announced that increased tariffs […]
What’s New? Form 6765
Form 6765 Changes Help Taxpayers Meet Increased Transparency Objectives The IRS recently finalized the new Form 6765 and corresponding instructions for 2024 tax returns. While the contemporaneous documentation requirements and […]
Safe Harbor Reboot For Your Restaurant Remodel/Refresh
Strategies To Help Maximize Deductions With bonus depreciation phasing out many taxpayers are looking for opportunities to maximize deductions on their tax returns. There are several strategies a taxpayer can […]