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ERC Scam in the News

Tax School workbook contributor and national order partner Larry Gray, CPA, with AGC Solutions in Rolla, Missouri, was recently featured in a national NBC news story about the employee retention…

Basic Principles for Meals Deduction

This week’s blog will help you better understand the nuances of business meal deductions. You will gain clarity on when the 50% deduction limit applies and explore scenarios where meal costs are fully deductible.

IRC §179 Expense vs. Bonus Depreciation

Both §179 and bonus depreciation enable taxpayers to deduct the cost of newly acquired property the year they put the property into service. For assets placed in service in 2023,…

Tax Day 2024 – Let’s Celebrate with Some History!

Tax Day: The most awaited moment for accountants is here! After months of crunching numbers, it\’s time to unwind and celebrate the end of the tax season with a well-deserved break and discover intriguing facts about this significant day.

May Deadline Approaches for Securing Stimulus Payments from 2020

Most tax practitioners don’t worry about tax deadlines in mid-May. Yes, there’s a deadline for Form 990, Return of Organization Exempt from Income Tax, but not all practitioners prepare those…

Employee vs. Independent Contractor: DOL Issues New Guidance

Is the worker performing services for a business considered an independent contractor or an employee? Misclassifying employees as independent contractors is a crucial issue that poses significant costs to workers…