Author: Sue Schloemer

The Employee Retention Credit (“ERC”) was originally enacted as part of the first wave of pandemic relief in March of 2020. Since then, it has been modified and expanded to make many small businesses eligible. Read More

Are you maximizing your tax benefits? From employee retention credits to tax credits for innovation, there are many strategies for small and midsized businesses to capitalize on deductions and benefits for the 2021 tax year Read More

Taxpayers have until Tuesday, April 15, 2025, to file their 2024 tax returns and pay any tax due. If you are expecting a refund, you can click the link below to quickly learn the status Read More

How did your last tax filing go? Were you stressed out? Surprised by a big tax bill? Angry at your accountant? If you’re like many business owners, filing your taxes can bring stress and anxiety. Read More

Where’s my 2020 tax refund?  If you are asking this question you are not alone.  In May 2021, the Tax Advocate Service provided an update stating the IRS has struggled to handle a recent backlog Read More

What is the Employee Retention Credit? Under the Consolidated Appropriations Act, 2021, employers negatively impacted by the pandemic can offset the employer portion of payroll taxes through the Employee Retention Credit (ERC).  The ERC can Read More

On October 26, 2020, the SBA issued a notice in the federal register stating the SBA’s intent to release two new forms (Form 3509 for for-profit business and Form 3510 for not-for-profit entities) related to Read More

The Coronavirus Aid, Relief, and Economic Security (CARES) Act includes an opportunity for employers to defer a portion of their payroll tax deposits.   The Benefit: Postponing certain tax deposits for up to two years Read More

Did you know there's a stiff penalty if you fail to take timely distributions from your IRA? Once you turn age 70½, you must start taking required minimum distributions (RMDs) from your traditional IRAs, including Read More

Non-compete agreements have long been a staple of executive employment contracts. Today, however, they're becoming increasingly common even in lower-level jobs. According to the Wall Street Journal, a steady rise in litigation over non-competes "largely Read More