I’ll figure it out when I’m ready to retire, which is the day after never …. That is the response we get from small business owners when we ask how much their business is worth.The wealth of nearly two-thirds (70%) of all small business owners is tied up in their
Taxes
Employee Retention Tax Credit Expanded for More Business Relief 1.13.21 | Client AlertThe Employee Retention Credit (ERC), which was originally included in the CARES Act(original law) passed in March 2020, provided a refundable payroll tax credit of 50% for up to$10,000 in qualifying wages per employee paid by an eligible
12.29.20 | Client AlertPresident Trump has signed the $900 billion Consolidated Appropriations Act, 2021 into law, bringing expanded COVID-19 relief to businesses, nonprofits and individual taxpayers.As we previously wrote about, included in the legislation is the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (“the Act”), which includes
There’s been a flurry of activity surrounding the COVID-19 tax stimulus with changes in tax filing deadlines, paid sick leave, tax credits, stimulus payments, and all kinds of other stuff. We have attempted, to the best of our abilities during a challenging tax season, to synthesize all the changes into