by briesterer@thinkvisionary.com | Sep 6, 2021 | Business, COVID-19, Individuals, Newsletter
Gross Receipts Safe Harbor for Employers Claiming ERC Safe harbor is now available that allows employers to exclude certain items from their gross receipts solely for determining eligibility for the Employee Retention Credit (ERC). These amounts are: The amount of the...
by briesterer@thinkvisionary.com | Sep 3, 2021 | Business, Fraud, Individuals, Newsletter
Reminder: Protect Yourself From Scammers Understanding how the IRS communicates can help taxpayers protect themselves from scammers who pretend to be from the IRS with the goal of stealing personal information. For example, the IRS typically does not call a taxpayer,...
by briesterer@thinkvisionary.com | Sep 2, 2021 | COVID-19, Individuals, Newsletter
Extension Deadline Looming for 2020 Tax Returns Time is running short for taxpayers who requested an extra six months to file their 2020 tax return. As a reminder, Friday, October 15, 2021, is the extension deadline for most taxpayers. Taxpayers who owe tax – even...
by briesterer@thinkvisionary.com | Sep 1, 2021 | Business, Individuals, Newsletter
Tax Relief for Those Affected by Natural Disasters Recovery efforts after natural disasters can be costly. With floods, tornadoes, hurricanes, earthquakes, and other natural disasters affecting so many people throughout the U.S. this year, many have been left...
by briesterer@thinkvisionary.com | Aug 18, 2021 | Business, Newsletter
Increasing revenue while building client value Somewhere along the journey, many firms lost sight of the mission. The mission is not to address compliance. Compliance is a task to accomplish that is part of the mission. The goal is to help the client build value. It...
by briesterer@thinkvisionary.com | Aug 5, 2021 | Individuals, Newsletter
If you’re looking to sell your home this year, then it may be time to take a closer look at the exclusion rules and cost basis of your home to reduce your taxable gain on the sale of a home. The IRS home sale exclusion rule allows an exclusion of gain up to...
