The IRS shared new steps the agency is taking to prevent honest taxpayers from falling victim to Employee Retention Credit (ERC) scams. The IRS continues to warn small businesses about aggressive promoters encouraging filing potentially ineligible claims. The IRS urges small businesses to check with a trusted tax professional about ERC instead of relying on a promotion company. [...]
Businesses and tax-exempt organizations should watch out for telltale signs of misleading claims involving the Employee Retention Credit. Scammers and unscrupulous promoters continue to run aggressive broadcast advertising, direct mail solicitations and online promotions for the credit. Many of these ads wildly misrepresent and exaggerate who can qualify for the ERC, which is sometimes also called [...]
Maximizing Leadership Potential through Deliberate Decision Making is crucial for business growth. As an executive coach for the last 30 years, I will share with you why it’s so important to make deliberate decisions, especially in today’s fast-paced business landscape. I have witnessed leaders who are often faced with the pressure to make rapid decisions [...]
The annotations show the locations he supposedly visited in connection with either business. For several reasons, the Tax Court didn’t find this evidence credible. A taxpayer who deducted expenses attributable to the business use of his vehicles took a wrong turn before the Tax Court. Ultimately, he wasn’t able to back up his claims (Eze, [...]
If your organization isn’t letting people go, the one next door probably is. That’s a key finding from a survey released Thursday by consultant PwC, which last month polled more than 700 US executives and board members across a range of industries. Half of respondents said they’re reducing headcount or plan to, and 52% have [...]
As work and work life continue to evolve, companies are exploring whether a shorter week can solve some of the workforce's biggest challenges. hai and Naomi Aharony, managing directors of London-based digital PR agency Reboot, have embraced a new normal – in March, they moved their company to a four-day work week. The pair were [...]
As we redesign work for the hybrid future, it is vital to understand the ways that information flows and networks form within organizations. Our collective experience in the pandemic created a once-in-a-lifetime opportunity to rethink what we want from work and our working lives. We had a chance to question many fundamental assumptions, adopt new [...]
Lawmakers are asking the Internal Revenue Service to expedite the processing of Employee Retention Tax Credits and not to penalize small businesses for incorrectly paying their estimated quarterly taxes as they await their claims. During a hearing Thursday before the House Ways and Means Oversight Subcommittee, Rep. Carol Miller, D-West Virginia, asked IRS Commissioner Charles [...]
Interviews can be nerve-wracking, whether you’re sitting across from a hiring manager in an office or speaking to them on a video call from the comfort of your couch. But interviews are an important part of the hiring process: These conversations give you a chance to show off the skills in your resume and learn more [...]
While tax season 2022 may be months away, New Year's Eve will be here before you know it. The fourth quarter is the time for some proactive tax planning to lower your 2021 tax bill. For business owners, tax planning shouldn't be a once-per-year exercise when filing your taxes. With extensions, you may be able [...]