IR-2020-62, March 31, 2020 WASHINGTON — The Treasury Department and the Internal Revenue Service today launched the Employee Retention Credit, designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially […]
By Rich Grassano of Boca Accounting You may wish to consider another little used technique to reduce your Required Minimum Distributions (RMDs) which start from your IRA or pension plan at age 70 ½. Many of our clients are looking at reaching 90-100 years old and are concerned about running out […]
By: Milton Gene Friedman CPA, MS-Taxation, CFE, CFF, CIRA is the President of Friedman Associates Due Diligence generally consists of representing prospective buyers of privately owned businesses and Professional practices. Clearly, most sellers have every incentive possible to exaggerate the successes of the business that they are trying to sell. Thus, […]