Taxes

7 11, 2023

IRS Suspends Processing New ERTC Claims/Intensifies Review Process: What You Need to Know

2023-11-07T21:20:46+00:00

Do you know the IRS has stopped processing new Employee Retention Tax Credit (ERTC) claims? As you may be aware, the ERTC was introduced during COVID. The tax credit was intended to address three different situations:   To offer money back or help employers that retained their employees during the midst of the pandemic To [...]

IRS Suspends Processing New ERTC Claims/Intensifies Review Process: What You Need to Know2023-11-07T21:20:46+00:00
12 12, 2020

New Changes to Section 179 Tax Deductions on Equipment Financing

2021-01-06T12:07:05+00:00

If there’s one thing most Americans would agree on, it’s that 2020 has been a particularly challenging year, especially for small businesses. One of the bright notes in an otherwise somber time comes with the news that the ceiling for Section 179 deductions — which allow businesses to write off the entire purchase prices of [...]

New Changes to Section 179 Tax Deductions on Equipment Financing2021-01-06T12:07:05+00:00
7 03, 2020

Are Business Loan Payments Tax Deductible?

2020-03-07T05:11:26+00:00

While taxes should be a year-long concern for business owners, it’s commonly accepted that tax season starts ramping up every year in February and comes to a crescendo on April 15, the deadline for filing taxes on income earned the previous year. Since we’re right in the middle of that window, we thought we’d focus [...]

Are Business Loan Payments Tax Deductible?2020-03-07T05:11:26+00:00
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