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11
Feb

Employee Retention Tax Credit (ERC)

Employee Retention Tax Credit 

As we approach tax season, the Employee Retention Credit (ERC) may be an important credit for businesses. The ERC is a fully refundable IRS payroll tax credit (not a loan) available to employers with the potential of up to $26,000 per employee in federal payroll taxes. Businesses that received round one and/or two of Paycheck Protection Program (PPP1 and PPP2) loans also qualify for the ERC. 

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SALT Workaround Tax
21
Dec

Paying the SALT Workaround Tax

The Logistics: Paying the SALT Workaround Tax 

We previously sent you information about the details of the SALT cap work around, or Pass-Through Entity (PTET) on November 8, 2021. Here is a brief recap and a link to the full article:

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State Tax Deduction Workaround - CAPATA
05
Nov

State Tax Deduction Workaround

State Tax Deduction Workaround

This year California passed AB 150, which enacts an elective passthrough entity tax (PTET). The idea behind the PTET is to work around the $10,000 SALT deduction limit to an individual’s itemized deductions that came into effect back in 2018.

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21
Oct

Early Retirement

Early Retirement? 10 Steps to Get You There!

When it comes to retirement, there is always a thought in the back of your mind saying, “how can I get there earlier?” Though some plan for traditional retirement, there is a vast majority that would love nothing more than to retire early to fully enjoy their golden years. With the right planning, that goal is achievable. There are 10 steps you will need to consider before gaining access to early retirement. Read More