by Gabby Miller | Nov 3, 2023 | Business, Fraud, Newsletter, Tax
Recently, the IRS halted processing of claims for the Employee Retention Credit (ERC), due to a high volume of fraudulent claims. The moratorium is through at least the end of 2023. ERC claims already filed are now subject to longer processing, including heightened...
by Gabby Miller | Oct 2, 2023 | Business, Newsletter, Tax
The IRS issued a notice last Thursday ordering an immediate stop to processing all new claims for the Employee Retention Tax Credit (ERTC). This comes amid a surge of questionable claims and concerns about aggressive marketing to ineligible taxpayers. Here are the...
by Gabby Miller | Sep 1, 2023 | Business, Newsletter, Tax
Does your business have multiple owners? If so, you need a buy-sell agreement. This type of binding contract determines how (and at what price) ownership shares of a privately held business will change hands should an owner depart. There are also potential tax...
by Gabby Miller | Aug 9, 2023 | Business, Fraud, Newsletter
The rise of “ERTC Mills” has caused widespread confusion and increased the potential for fraud. These entities exploit the system, intensifying the risk of deception. While these mills charge for basic clerical duties, their agreements often specify that...
by Gabby Miller | Aug 2, 2023 | Business, Newsletter, Tax
If you’re self-employed and use your car, SUV or other vehicle for business, you can deduct certain business-related vehicle expenses. Depending on the cost of operating the vehicle or how much you drive it, as well as how much of your use of the vehicle is for...
by Gabby Miller | Jul 5, 2023 | Business, Newsletter, Tax
At some point, most small business owners will visit a bank or other lending institution to borrow money. Understanding what your bank wants and how to approach it properly can mean the difference between getting a loan for expansion or scrambling to find cash from...
