2026 Dollar Limits
Each year, the dollar limits for various tax items are adjusted for inflation. To see those amounts for 2026, click on the link below: 2026 Dollar Limits Flyer
Don’t Be Misled by Deceptive Promoters of the ERC!
If you watch TV commercials, you may have noticed a lot of recent ads promoting payroll tax refunds available to employers through the Employee Retention Credit (ERC). The ERC was part of pandemic relief programs available to businesses who were shut down due to the COVID-19 pandemic or had a significant decline in gross receipts during the eligibility period. However,…
IRS Legal Holidays 2023
It's no secret that the government observes different holidays than many of us. Furthermore, the IRS observes holidays applicable to the District of Columbia, which can also throw a curveball. Here's the list of legal holidays observed by the IRS in 2023: January 2—New Year's Day (observed) January 16—Birthday of Martin Luther King, Jr. February 20—Washington's Birthday April 17—District of…
Why It’s Important to Keep Your Business Finances Separate
The first rule of running a business is to keep your personal and business finances completely separate from each other. Your business is a distinctly separate entity and needs to be treated accordingly. If you don't follow this rule, your personal finances could be in jeopardy. How to Keep Finances Separate This includes keeping separate bank accounts for yourself and…