This article was published by the IRS. There are a few things business owners need to do before they close their business. Of course, they need to fulfill their federal tax responsibilities. It's also important to notify the IRS of their plans. Business owners must take these steps when closing a business: File a final tax [...]
If you're having second thoughts about your Employee Retention Credit, you may be able to fully withdraw your claim if the IRS hasn't paid it, or if you've received a check but haven't cashed or deposited it. For more information, visit IRS.gov/withdrawmyERC.
This article was published by the IRS. The Internal Revenue Service has issued the 2024 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2024, the standard mileage rates for the use of a car (also vans, pickups or panel [...]
As a business owner, building your dreams and protecting your hard work is part of who you are. But that doesn't mean it's easy. What if you had a trusted expert in your corner - someone to give you confidence and take one more thing off your plate? QuickBooks Live makes it possible. We'll match you [...]
This article was published by the IRS. Employers filing employment tax returns and claiming an employer tax credit should read the instructions for Form 941 and carefully complete the form to avoid mistakes. Using a reputable tax preparer including a certified public accountant, enrolled agent or other knowledgeable tax professional can also help avoid errors. Mistakes [...]
