One Big Beautiful Bill – Impact on Tax Credits and Deductions
(Getty/AFP/Alex Wroblewski) The following are some of the major tax credit and deduction changes impacted by the passing of the One Big Beautiful Bill (OB3 for short). We have highlighted phaseout thresholds and credit amounts by filing statuses to help you see how...
Busted! Don’t Believe These Tax Myths!
As a taxpayer, you want to obey responsibilities, keep a clean record, adhere to tax laws and make the right claims on your return. This way, if you or your business ever face an audit by the IRS, you are well-prepared. The IRS strictly scrutinizes records every year,...
Five Tips For Small Business Owners
While being stuck at home during the pandemic, many people began working on hobbies in addition to working their regular jobs remotely. Those same hobbyists realized these interests could be very lucrative, leading to a large number of entrepreneurs. When it comes to...
Common Mistakes People Make On Their Taxes
Author: Conlon & Company, Certified Public Accountants, P.L.L.C. | May 17, 2023 | Categories: Accounting Services , Bookkeeping Services , Financial Planning Mistakes in tax filing are more frequent than one might think, and they can lead to significant financial...
Announcing Our New Website
We are delighted to announce the launch of our new website! Our new website provides our existing and prospective clients a simple yet interactive view of our work and the services we offer. Stay tuned to our blog for new ideas! Sign up here so you never miss an...
ERTC
A refundable credit against payroll taxes was introduced when the CARES Act was signed into law on March 27, 2020, known as the Employee Retention Tax Credit (ERTC). Determining eligibility for the credit is based on quarterly revenue reductions or mandated shutdowns...