One of our clients was thrilled to receive additional unexpected money from the IRS this month, when they were approved for the Employee Retention Credit (ERC) we pursued for them.
Businesses and individuals who have been hit hard by the pandemic will find some favorable provisions in the new COVID Relief bill. A follow-up to the CARES Act of March 2020, this legislation also offers beneficial tax credits, forgivable business loans, and individual stimulus checks, while adding provisions to ensure focus on the businesses who have suffered the most.
Tax Planning is the process of looking at a person’s life, business, and regulatory requirements to legally reduce their tax burden. If you're wondering whether your personal and business affairs are arranged for maximum tax impact, consider a tax-planning session.