In the world of business, problems arise every day. A simple mistake in financial reporting can lead to consequences that set your business back. Keep your business moving forward with Darnall, Sikes & Frederick. We apply our technical expertise to a complete range of accounting and financial services in order to provide you with the security your business needs.
IRS Actions Against Suspect Employee Retention Tax Credit Claims
Prominent marketing urging businesses to claim the pandemic-related Employee Retention Tax Credit resulted in numerous taxpayers mistakenly receiving refunds. The IRS offers a program enabling them to voluntarily return a portion of the funds prior to the initiation of collection efforts.
February 21, 24
Key Tax Factors for Sole Proprietors Initiating a New Business Venture
Launching a sole proprietorship? Ensure you grasp key tax aspects, such as the pass-through deduction, self-employment taxes, and timely estimated tax payments. Obtain a taxpayer ID if hiring, maintain meticulous records, and consider a retirement plan. Reach out for more insights on managing your business taxes.
February 06, 24