Tax Insights
Reading Time: 4 minutes
- April 2, 2024
- Accounting | Tax
On March 22, 2024, the IRS suspended the Voluntary Disclosure Program (VDP), which had previously allowed employers to repay Employee Retention Credit (ERC) dollars…
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- March 20, 2024
- Audit and Tax | Tax
Those of you following basketball know that March Madness is here, and basketball has taken center stage. But for us, at Sikich, our heads…
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- March 11, 2024
- Accounting | Not-for-Profit | Tax
In recent years, the influx of international students enrolling in U.S. colleges and universities has surged significantly, marking a pivotal moment in the landscape…
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- January 17, 2024
- Tax
UPDATE on 2/1/24: On January 31, 2024, the House passed The Tax Relief for American Families and Workers Act of 2024 (H.R. 7024) by…
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- January 12, 2024
- Accounting | Tax
On December 21, 2023, the IRS announced a Voluntary Disclosure Program for the Employee Retention Credit (ERC). This is the latest move by the…
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- December 22, 2023
- Accounting | Tax
What Businesses Need to Know Now In 2021, as part of the National Defense Authorization Act, Congress established the Corporate Transparency Act (CTA) to…
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- October 26, 2023
- Accounting | Tax
The IRS unveiled another twist this month in the ever-changing saga that is the Employee Retention Credit (ERC). You may recall the last loop…
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- October 11, 2023
- Accounting | Construction | Tax
The Inflation Reduction Act of 2022 enhanced several energy provisions, including Section 45L – a tax credit to home builders for building energy-efficient homes….
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- October 10, 2023
- Audit and Tax | Tax | Wealth Management
Do you plan to include a gift to charity as part of your financial and estate plan? If so, make sure you’re leveraging a…
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- September 15, 2023
- Tax
First GLAM, and now Slam: the IRS is getting serious with questionable Employee Retention Credit (ERC) claims. GLAM On July 21, 2023, the IRS…
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- August 28, 2023
- Audit and Tax | Tax
As the summer winds down, Employee Retention Credit (ERC) compliance activity and new guidance from the IRS are heating up. From IRS’s release of…
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- June 5, 2023
- Tax
Over the Memorial Day weekend, Congressional leaders and the Administration reached an agreement to extend the debt limit, also agreeing to make various changes…
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- March 29, 2023
- Accounting | Tax
Since its introduction three years ago under the CARES Act, the Employee Retention Credit (ERC) has had a significant impact on many for-profit and…
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- February 27, 2023
- Accounting | Tax
Many business owners are unaware of their obligation to perform due diligence regarding uncashed checks. Background: What is unclaimed property? Unclaimed property is a…
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- February 22, 2023
- Accounting | Not-for-Profit | Tax
Monetary donations are a large part of a not-for-profit organization’s funding portfolio. With many individual taxpayers contributing donations through non-cash means, it’s important to…
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- February 20, 2023
- Accounting | Tax
The Wisconsin Unclaimed Property Voluntary Disclosure Agreement (VDA) Program closes on February 28, 2023 All states, including Wisconsin, have laws that require businesses to…
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- February 13, 2023
- Accounting | Tax
Filing season for Hoosier business owners just got more exciting. Update: on February 22, 2023, Governor Holcomb signed into law Senate Bill 2. The…
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- December 23, 2022
- Accounting | Tax
IRS announces Form 1099-K delay, too What’s become a bit of a holiday tradition, Congress engaged in its end of year procrastination to complete…
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- December 8, 2022
- Accounting | Tax | Wealth Management
The end of the year marks one of the most critical times for investors, as they face many decisions that impact their overall financial…
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- November 28, 2022
- Accounting | Manufacturing | Site Selection | Tax
The CHIPS and Science Act of 2022 was signed into law in August, with a goal to increase semiconductor chip manufacturing within the U.S….
This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice.