Pennywise Tax Strategies Blog - Page 3

IRS Announces Moratorium on New Employee Retention Credit Claims Amid Growing Concerns

October 3rd, 2023
The IRS has implemented a moratorium on processing new ERC claims until at least December 31, 2023, due to concerns about ...

What is the Research & Development Tax Credit? Do I qualify?

September 25th, 2023
The R&D tax credit is a tax incentive for U.S. companies to spend more on research and development activities in the U.S. ...

Benefits of Helping Employees Pay Off Student Loan Debt

September 13th, 2023
As of September 1, 2023, the student loan forbearance program put in place during the pandemic has ceased. Interest on stu...

Evaluating Entity Structure for Tax Purposes

September 5th, 2023
If you're a business owner, it's critical to review your entity election regularly to ensure it's still serving you from a...

Rental Property Taxes and Expenses: What You Need to Know

August 25th, 2023
If you own rental property, you are responsible for paying taxes on the rental income you receive.

Taxpayers Have the Right to Finality When Working With the IRS

August 17th, 2023
Did you know that taxpayers have the right to know when the IRS has finished an audit and the maximum amount of time the I...

Why It's Important to Make Business Tax Strategy Adjustments

August 13th, 2023
Taxes are a fact of life for businesses of all sizes. But did you know that you can save money on taxes by adjusting your ...

Why It's Helpful If Your Tax Strategist Is Also a CPA

August 2nd, 2023
Taxes can be a complex and confusing subject, even for those who are well-versed in financial matters.

Maximizing Tax Benefits for Home-Based Businesses

August 1st, 2023
Running a home-based business can be a great way to be your own boss and set your own hours.

10 Good Tax Strategies for Business Owners

July 12th, 2023
As a business owner, you know that taxes are a big part of doing business.

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