December 16, 2022
Gear up to make some last-minute tax moves with these often-overlooked tax credits and deductions. Keep reading to see what you could be implementing in your tax plan.
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Tax: Business Archives - Page 5 of 10 - GG Advisors LLC
November 4, 2022
The Internal Revenue Service (IRS) announced the updated contribution limits to retirement plans in Notice 2022-55. The new limits are valid beginning in the tax year 2023. Find out the new limits and how they may affect your retirement strategy.
September 27, 2022
The new research and development tax credit claim requirements are more complex than ever. Here is a breakdown of what your business needs to provide and suggestions for executing the process.
September 9, 2022
A key provision of the American Rescue Plan Act passed in 2021 includes lowering the thresholds that trigger a Form 1099-K – Payment Card and Third-Party Network Transactions. This means businesses and individuals may receive this form for tax year 2022, something they may not have seen in previous years.
August 30, 2022
The House of Representatives passed The Inflation Reduction Act (IRA) Friday, August 12, and President Joe Biden signed into law August 16. The legislation was passed through the budget reconciliation process and is expected to pay for itself and decrease the budget deficit.
August 16, 2022
A merger or acquisition rarely runs smoothly. Having the right professionals on your team and knowing what questions to ask can help ease any tax challenges. Here are eight questions to help transition from separate entities to consolidated or subsidiary status.
June 8, 2022
Receiving an audit notice from a state tax authority is one of the worst feelings a small business can have. Unfortunately, as states pursue tax collection, sales and use tax audits have become a standard part of doing business. If your business is undergoing a sales tax audit or is worried about dealing with one in the future, here are four tips to navigate, prepare for, and avoid a sales tax audit.
May 19, 2022
For many businesses, it’s been a minute since they’ve had to account for employee travel expenses. So it might be time for a refresher on which expenses are tax-deductible, which aren’t, and what pandemic-related tax incentives are available.
April 20, 2022
With the global cryptocurrency market surpassing the $3 trillion mark, businesses may want to explore the benefits and risks of crypto for their operations.
March 15, 2022
The IRS continues to work through a backlog of millions of paper-filed returns and correspondence from the 2021 tax filing season. Add staffing challenges and congressional underfunding to the issue, and trying to track down a missing refund or deal with an unexpected tax notice is bound to be frustrating.