Proponents say it encourages employers to report tip income, which improves overall tax compliance and ensures future Social Security benefits for tipped workers. But opponents say the tip credit has not done that and is unfair because it is not available to other workers beyond the food and beverage service sectors.Some restaurants claim it and some don’t, surprisingly," Johnson said."It's probably a lack of awareness and understanding that it's available to them.
Businesses that took the SBA’s Paycheck Protection Program also still qualify, with their PPP amount being deducted from what they would get from the credit, which is still a significant amount for many businesses owners. Meanwhile, the IRS received a boost in funding to add more enforcement agents, and Johnson said the ERC remains a compelling target.One has to believe that they're going to be focused on this for the next several years," Johnson said, adding there is a five-year window in which the IRS can take a look at ERC claims. But he stressed that time will start to run out on claiming the full credit.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
ERC and other tax credits every small business should know about - San Francisco Business TimesExperts say the pandemic and the resulting small-business relief programs ushered in a wave of new interest in federal tax credits. Here are five tax credits business owners should be aware of and how they can cash in.
Herkunft: SFBusinessTimes - 🏆 78. / 68 Weiterlesen »
ERC and other tax credits every small business should know about - Jacksonville Business JournalExperts say the pandemic and the resulting small-business relief programs ushered in a wave of new interest in federal tax credits. Here are five tax credits business owners should be aware of and how they can cash in.
Herkunft: JaxBizJournal - 🏆 599. / 51 Weiterlesen »
ERC and other tax credits every small business should know about - Silicon Valley Business JournalExperts say the pandemic and the resulting small-business relief programs ushered in a wave of new interest in federal tax credits. Here are five tax credits business owners should be aware of and how they can cash in.
Herkunft: svbizjournal - 🏆 334. / 59 Weiterlesen »
Sports betting, dialysis clinics, income tax go before voters - San Francisco Business TimesIn the Nov. 8 election, voters across California will weigh in on propositions that could impact businesses in various industries across the state.
Herkunft: SFBusinessTimes - 🏆 78. / 68 Weiterlesen »
The delayed housing project at 469 Stevenson is up for review—again - San Francisco Business TimesConcerns about gentrification and seismic safety delayed a 495-unit residential tower last year. Those concerns will be addressed again in the coming months.
Herkunft: SFBusinessTimes - 🏆 78. / 68 Weiterlesen »