Reduce your business’s 2025 federal tax liability with year-end planning steps, new OBBBA opportunities, and strategies to maximize deductions.
Cut Your Business’s 2025 Taxes with Year-End Strategies
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Important Employee Retention Credit Updates – Deadline Approaching
The IRS has released several important Employee Retention Credit Updates. In addition, the deadline is approaching to participate in the second IRS ERC Voluntary Disclosure Program. ...
COVID-19 EIDL Loans
The U.S. Small Business Administration (SBA) expanded eligibility for COVID-19 Economic Injury Disaster Loan (EIDL) funding.in September, 2021. While you may not have qualified or...
Important Employee Retention Credit Changes
Employee Retention Credit Early Termination The employee retention credit will be terminated early and broker reporting of cryptoasset transfers will be required as a result of legislation...
Update: COVID Economic Injury Disaster Loan Program
The rapid spread of the Delta variant of COVID-19 has mired a variety of companies in diminished revenue and serious staffing shortages. In response, the Small Business Administration...
Back to Business Grant Program Overview
As part of Governor JB Pritzker’s overall economic recovery strategy, the $250 million Back to Business (B2B) grant program aims to deploy small businesses recovery grants for those hit...
New ERC guidance; Congress mulls early termination
The IRS has published new guidance on the Employee Retention Credit (ERC). The credit was created in March 2020 to encourage employers to keep their workforces intact during the COVID-19...
Employee Retention Credit: Are You Missing Out?
The Employee Retention Credit, or ERC, is a significant tax credit enacted in 2020 under the CARES Act to help businesses keep employees on payroll during the COVID-19 pandemic. Since...
SBA’s RRF Program to Accept Applications May 3rd at 12 PM ET
Registration for the SBA's Restaurant Revitalization Fund (RRF) relief program application portal will begin on Friday, April 30, 2021, at 9 am ET. Applications will open on Monday, May 3,...