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Bauman Associates CPAs & Advisors understand that reaching your business and financial goals enables you to better serve your customers. These are the things that matter most. Our team is committed to providing you with the very best knowledge, insight, and service, helping you to achieve these objectives soundly and effectively.
Insights
Preparing for Filing 2022 Income Tax Returns
With a little preparation, taxpayers can approach the upcoming tax filing season with confidence. Here are some steps taxpayers can take to prepare for the 2023 tax filing season.
Employers warned to beware of third parties promoting improper Employee Retention Credit claims.
On October 19, the Internal Revenue Service (News Release IR-2022-183) warned employers to be wary of third parties who are advising them to claim the Employee Retention Credit (ERC) for 2020 and/or 2021 when they may not qualify. Some third parties are advising taxpayers to take improper positions related to taxpayer eligibility for and computation of the credit.