Three U.S. Senators have introduced the Employee Retention Tax Credit Repeal Act of 2024, which seeks to retroactively end the Employee Retention Tax Credit for claims filed after January 31, 2024, and impose heightened penalties for fraudulent ERC claims. Find out what this means to you.
Navigating the complex world of tax penalties and abatement can be challenging, especially while trying to run a successful business. If you're facing IRS penalties or want to ensure you're taking the proper steps to avoid them, our resident tax attorney can set you on the right course of action.
After a year-long moratorium on claims filed since September 13, 2023, the IRS finally announced significant updates to its Employee Retention Credit processing and payment procedures, which has significant implications for salons businesses that have claimed or are considering claiming it.
Understanding the different due dates for federal tax deposits and meeting with a tax professional to create a plan will streamline the process and help you avoid unnecessary penalties and interest.
As the IRS announces a crackdown on Employee Retention Credit claims, Azarvand Tax Law's Claudia Vasquez steps in with some helpful advice in identifying if your claim could be at risk and what you can do about it now to avoid trouble later.
What kind of tax professional do you need for your business? Tax Attorney Tina Azarvand walks you through the different specialties.
Following up on their advice to avoid tax pitfalls, Azarvand Tax Law discusses overclaiming the Employee Retention Credit, the benefits of proactive tax planning and preparing estimated tax payments.
With tax day looming ahead, Tax Law Experts Tina Azarvand and Claudia Vasquez outline some of the common pitfalls where salon owners make a misstep when it comes to filing (or not) their tax returns.
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