The IRS shared seven warning signs of incorrect ERC (Employee Retention Credit) claims and is urging businesses to revisit their claims and apply to the ERC Voluntary Disclosure Program before the March 22, 2024, application deadline. The program helps employers repay...
Taxes
Required Minimum Distributions: Beneficiaries
Beneficiaries of retirement plan and IRA accounts are subject to required minimum distribution (RMD) rules. The SECURE Act changed how and when beneficiaries who are individuals must take distributions for account owner deaths after 2019.There were no changes to the...
Demystifying Payroll Taxes: What Every Employee and Employer Should Know
Payroll taxes are an essential but often misunderstood aspect of payroll. Whether you're an employee or an employer, understanding payroll taxes is crucial for managing your finances and staying compliant with tax regulations. In this article, we will break down the...