by DunlapSLK | Oct 5, 2023 | COVID-19 Industry & Company Update, Resources For Employers, Uncategorized
In the face of a flood of illegitimate claims for the Employee Retention Tax Credit (ERC), the IRS has imposed an immediate moratorium through at least the end of 2023 on processing new claims for the credit. The reason the IRS cites for the move is the risk of honest...
by DunlapSLK | Jul 28, 2023 | Uncategorized
While the value of virtual currency continues to fluctuate, the IRS’s interest in it has only increased. In 2021, for example, the agency launched Operation Hidden Treasure to root out taxpayers who don’t report income from cryptocurrency transactions on their federal...
by DunlapSLK | Apr 11, 2023 | Resources For Individual Taxpayers, Uncategorized
If you’re a parent or grandparent with college-bound children, you may want to save to fund future education costs. Here are several approaches to take maximum advantage of the tax-favored ways to save that may be available to you. Savings bonds Series EE U.S. savings...
by DunlapSLK | Mar 30, 2023 | Resources For Individual Taxpayers, Uncategorized
Did you make large gifts to your children, grandchildren or other heirs last year? If so, it’s important to determine whether you’re required to file a 2022 gift tax return. And in some cases, even if it’s not required to file one, you may want to do so anyway. Filing...
by DunlapSLK | Mar 29, 2023 | Resources For Employers, Uncategorized
An array of tax-related limits that affect businesses are indexed annually, and due to high inflation,many have increased more than usual for 2023. Here are some that may be important to you and yourbusiness. Social Security tax The amount of employees’ earnings that...
by DunlapSLK | Mar 16, 2023 | Resources For Employers, Uncategorized
The Employee Retention Credit (ERC) was a valuable tax credit that helped employers that kept workers on staff during the height of the COVID-19 pandemic. While the credit is no longer available, eligible employers that haven’t yet claimed it might still be able to do...
