Exercise Caution When Claiming the ERTC

Exercise Caution When Claiming the ERTC

by | Tax

The Employee Retention Tax Credit (ERTC) is the only COVID-19-era tax incentive that Denver organizations can still claim. The federal tax credit provides eligible employers with a refundable tax credit for retaining employees during the uncertainty of the pandemic....
Federal Tax Credits Available for Purchase of EVs

Federal Tax Credits Available for Purchase of EVs

by | Tax

The automotive industry continues to move toward expanding offerings to include electric vehicles (EVs) options. Many automakers, including GM, have committed to offering EV versions of popular car and truck models. Meanwhile, Ford has already started implementing...
Form 1099-K Updates for 2023

Form 1099-K Updates for 2023

by | Tax

In a reversal from earlier guidance, the IRS recently announced a delay in the lower $600 reporting threshold for Form 1099-K for the 2022 tax year. Under prior regulations, businesses would have been required to report payments from third-party settlement...