Employers may still claim the Employee Retention Credit (ERC) retroactively by filing amended payroll tax returns (Form 941-X) for tax years 2020 and 2021.
Businesses Still Have Time to Claim the ERC
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Court Declares Biden’s Student Loan Relief Plan Unlawful
The U.S. District Court for the Northern District of Texas Fort Worth Division has ruled that President Biden’s student loan debt relief plan to be unlawful and have vacated the program [Brown et al. v. U.S. Department of Education et al., N.D. Tex., Dkt. No. No.4:22-cv-0908-P, 11/10/22].
Student Loan Forgiveness: Who is Eligible and When Can You Apply?
The application website for Americans seeking student loan forgiveness opened in a beta period on Friday, October 14th, allowing applicants to sign up before the website is unveiled later this month.
Clean Vehicle Credit Comes with Caveats
The Inflation Reduction Act’s Clean Vehicle Credit might alter the timing of purchasing a new or used qualifying electric vehicle. Learn why.
CHIPS Act to Boost U.S. Businesses
The CHIPS Act to bolster semiconductor production, economic competitiveness and among its provisions is an investment tax credit for manufacturing facilities and equipment.
Inflation Reduction Act Includes Wide-ranging Tax Provisions
The Inflation Reduction Act is About to Become Law, Learn How its Tax Provisions Might Affect You
Businesses: Act Now to Make the Most Out of Bonus Depreciation
If your business plans to purchase bonus depreciation qualifying property, take action soon to realize a valuable tax break.
Now Might Be the Time for a Roth IRA Conversion
Traditional IRAs that have dropped in value, can garner the benefits of a Roth IRA Conversion at a reduced tax cost
Illinois Secure Choice Applies to More Businesses
Illinois Secure Choice Now Applies to More Businesses. If you have 5 or more employees and do not offer a retirement savings plan, take action now.