Businesses with Employees Receiving Tips May Be Eligible for Tax Credit

Businesses with Employees Receiving Tips May Be Eligible for Tax Credit

Are you an employer with a business where tipping is customary for providing food and beverages? Then you may qualify for a federal tax credit.
IRS Issue Snapshot: Combination Retirement Plan Deduction Limits

IRS Issue Snapshot: Combination Retirement Plan Deduction Limits

What is a combination retirement plan? It occurs when an employer provides both a defined contribution (DC) and defined benefit (DB) retirement plan.
Retroactive Termination of the Employee Retention Credit

Retroactive Termination of the Employee Retention Credit

Did you claim the employee retention credit in the Q4 2021? Congress has adopted a retroactive change affecting the ERC for the Q4 2021.
The Standard Business Mileage Rate Increased for 2022!

The Standard Business Mileage Rate Increased for 2022!

The standard business mileage rate went up! The rate used to calculate the deductible cost of operating an automobile for business grew by 2.5 cents/mile.