it is April 15, 2025. However, though nothing is confirmed as of December 2023, there is a legislative proposal that seeks to accelerate the ERC deadline. Notably, a precedent exists for this, with the credit retroactively being shuttered in the third quarter of 2021 rather than the fourth...
One tax break is the Disabled Access Credit. As a credit, it provides a dollar-for-dollar offset of tax due. The other is a tax deduction for costs to remove mobility barriers. A deduction reduces a business’ gross income so that... Read more → Posted on Wednesday, November 06, ...
The IRS announced a moratorium on processing new Employee Retention Credit (ERC) claims through the end of 2022, as specified in News Release IR-2023-169.[1]According to the IRS, the delay aims to protect honest...