Earning your business money is hard. Managing it should be easy. Ready to spend, stash, and grow your cash? Introducing QuickBooks Money, a banking and payments tool built with your business in mind. Get a business bank account with no minimum balances or monthly fees, a debit card, and industry-leading APY to help you save on [...]
This article was published by the IRS. Amid rising concerns about a flood of improper Employee Retention Credit claims, the Internal Revenue Service today announced an immediate moratorium through at least the end of the year on processing new claims for the pandemic-era relief program to protect honest small business owners from scams. IRS Commissioner Danny [...]
This article was published by the IRS. The work opportunity tax credit is a federal tax credit available to employers for hiring individuals from certain target groups who have consistently faced significant barriers to employment. This credit is available for wages paid to certain individuals who begin work on or before December 31, 2025. Here's more [...]
Remember, you are responsible for any information on your tax return. Beware of schemes that push you to claim the Employee Retention Credit, even if you're not eligible for it. You could end up having to repay the credit, with penalties and interest. Visit IRS.gov/erc.
This article was published by the IRS. The IRS has launched a redesigned page on IRS.gov to help business owners navigate the federal tax steps when closing a business. During this difficult and challenging time, the IRS streamlined the "Closing a Business" page into simple steps, so business owners and self-employed individuals can quickly find the [...]
