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Article Highlights: Credit Percentage Specific Qualified Items and Per Item Annual Limits Components Subject To $1,200 Aggregate Credit Limit Components Subject To $2,000 Aggregate Credit Limit Annual Credit Limits, $1,200 vs. $2,000 Home Energy Audits Qualifying...

In the wake of the COVID-19 pandemic, the Employee Retention Credit (ERC) emerged as a vital financial lifeline for businesses. However, as the IRS intensifies its scrutiny of ERC claims, it has unveiled five new warning signs that businesses must heed to avoid costly...

As Baby Boomer business owners approach retirement, planning for the future of their businesses becomes crucial. Succession planning is not just about finding a successor; it's about ensuring the continuity and success of the business you’ve built. Here’s how you can...

Natural disasters can strike with little warning, leaving a lasting impact on both personal and business finances. Whether it's a hurricane, wildfire, or flood, the financial toll can be substantial. However, by taking a proactive approach, small and medium-sized...

Article Highlights: The October 15, 2024, Extension Deadline No Additional Extensions Giving this Office Time to Finish the Return Late Filing Penalties Late Payment Penalties Interest on Unpaid Taxes What Happens if the Return Is Not Filed by October 15? Steps to...

October 15 - Corporations File a 2023 calendar year income tax return (Form 1120) and pay any tax, interest, and penalties due. This due date applies only if you timely requested an automatic 6-month extension by April 18. October 15 - Last Day to Establish a Keogh...