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Pass-Through Entity Taxes Can Pay Off For Real Estate Firms
The Tax Cuts and Jobs Act of 2017’s (TCJA’s) limit on the federal income tax deduction for state and local taxes (SALT) has proven costly for many owners of real estate businesses. However, more than 30 states1 have now enacted a workaround for pass-through entities (PTEs) that could provide some welcomed tax relief. The Impact […]
Fast-Food Restaurants: Are You Making the Most of Your Drive-Through?
During the COVID-19 pandemic, drive-through sales exploded at many restaurants. This should come as no surprise to anyone. After all, avoiding human contact had become a health necessity. What may be more surprising is that in the wake of the pandemic, customers continue to be drawn to the drive-through window. According to a recent report […]
The IRS Unveils Employee Retention Tax Credit (ERC) Relief Program For Employers
Since July 2023, the IRS has taken a series of actions in response to what it has termed a “flood of ineligible claims” for the Employee Retention Tax Credit (ERC). Most recently, it launched a Voluntary Disclosure Program (VDP). The program presents a valuable, but temporary, opportunity for eligible employers.
2024 Tax Calendar
To ensure that you do not miss any important 2024 deadlines, we have provided this summary of when various tax-related forms, payments and other actions are due. Please review the calendar contact your ORBA advisor if you have any questions about the deadlines or would like assistance in meeting them.
No Emergency Fund? What Are You Waiting For?
Even if you and your family weathered the crises of the past couple years, you probably know people who have not fared as well. Health problems, business shutdowns, lost jobs and inflation have all exerted extreme financial pressure on Americans, but an emergency savings fund has kept some people afloat. A stash of cash can […]