Are you worried about your Employee Retention Credit (ERC) application?
As you have probably heard, the IRS has stopped accepting ERC applications. There was a significant amount of fraud and the claims from those who did not qualify were partially the result of aggressive marketing. Because the IRS understands that some of the aggressive companies have harmed small businesses and taken advantage of some well-meaning…
Social Security and Medicare Taxes for 2024 announced.
The Social Security Administration (SSA) announced this week that the maximum threshold of individual taxable earnings. They have increased that amount to $168,600, up from 160,200 in 2023). This means that employees at or above the wage base will pay $10,453 in social security tax. This is an increase of $521 per person for 2024….
