A Tale of Woe It all started innocently enough, many years ago, very late in the evening on a dark and stormy April 15th. In just its second year of existence, your landscaping business was on life support. Exhausted and with a hundred more pressing items on your to-do list, the last thing you wanted […]
In March of 2020, Congress passed the CARES Act, a 2.2 trillion dollar stimulus package designed to help individuals and businesses adversely affected by COVID-19. The legislation included the employee retention credit (the “ERC”), a refundable credit of up to $28,000 per employee per year to assist certain employers whose operations were adversely affected by […]
The Internal Revenue Service is a part of the Department of the Treasury. The functions that interact most frequently with members of the public are the Service Center, Collection, Examination, and Criminal Investigation. The personnel and duties of each of these functions are summarized in a very cursory fashion below. Service Centers When returns are […]
The Procession of the Trojan Horse into Troy by Giovanni Tiepolo circa 1760. For most people, the receipt of a gift, particularly a large cash gift, is cause for celebration. But over the millennia gifts have spawned a lot of wise advice from various wary pundits. Beware of strangers bearing gifts was an admonition coined […]
Many business owners form a limited liability entity (an “LLE”) such as a corporation or limited liability company (as LLC), to protect their personal assets from exposure to business liabilities. While forming an LLE is a prudent business decision, it is important to realize that they do not protect against ALL business liabilities. There are […]
