by briesterer@thinkvisionary.com | Dec 15, 2023 | Business, Fraud, Newsletter, Tax
Starting January 1, 2024, many companies will need to follow the Corporate Transparency Act (CTA), established under the National Defense Act in 2021. This Act requires these companies to reveal information about people who own or control them, known as Beneficial...
by briesterer@thinkvisionary.com | Dec 4, 2023 | Business, Newsletter, Tax
Your business can attract and retain employees by providing education benefits that enable team members to improve their skills and gain additional knowledge, all on a tax-advantaged basis. Here’s a closer look at some education benefits options. Educational...
by briesterer@thinkvisionary.com | Dec 4, 2023 | Business, Newsletter, Tax
Whether you’re operating a new company or an established business, losses can happen. The federal tax code may help soften the blow by allowing businesses to apply losses to offset taxable income in future years, subject to certain limitations. Qualifying for a...
by briesterer@thinkvisionary.com | 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 briesterer@thinkvisionary.com | 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 briesterer@thinkvisionary.com | 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...