- Congress Terminates the Employee Retention Credit Early
- President Biden signed the Infrastructure Investment and Jobs Act (IIJA) into law on November 15, 2021. One of the provisions of that legislation retroactively terminated the employee retention credit (ERC) early. The credit was previously available to eligible employers for wages paid through the end of 2021. Under this change the credit terminates after the third quarter.
- Video tip: Taxes and Cryptocurrency Transactions
- Being knowledgeable on the tax treatment for cryptocurrency can help you avoid tax blunders and problems with the IRS. Watch this video to find out more.
- Corporations: Do You Really Want To Pay Those Dividends?
- Not everybody realizes that when companies pay out dividends on their excess cash, it leads to profits being taxed twice. Learn more.
- 10 Tax-Saving Strategies to Consider Before Year-End
- It seems hard to believe, but the holiday season is almost upon us, and that means that the 2021 tax preparation season will soon follow. With the end of the tax year just around the corner, tax-savvy individuals need to take some time from their busy schedules to review the tax benefit steps they’ve already taken and see what else they need to do. Now is the time to ensure that you’ve taken advantage of all of the tax-saving strategies available to you.
- Watch Out for Tax Penalties
- Most taxpayers don’t intentionally incur tax penalties, but many who are penalized are simply unaware of the penalties or the possible damage they can do to their wallets. As tax season approaches, let’s look at some of the more commonly encountered penalties and how they may be avoided.
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