Pennywise Tax Strategies Blog

The Employee Retention Credit (ERC) is a complex tax credit that can help businesses and tax-exempt organizations offset the cost of employee wages...

The IRS has implemented a moratorium on processing new ERC claims until at least December 31, 2023, due to concerns about fraud and ineligibility.

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. It can be used to reduce ...

As of September 1, 2023, the student loan forbearance program put in place during the pandemic has ceased. Interest on student loans has begun accr...

If you're a business owner, it's critical to review your entity election regularly to ensure it's still serving you from a tax perspective.

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

Did you know that taxpayers have the right to know when the IRS has finished an audit and the maximum amount of time the IRS has to assess addition...

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 tax strategy?

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

Running a home-based business can be a great way to be your own boss and set your own hours.