Thanks for stopping by our blog. If you’re looking for more information about Heritage Advisors CPA, LLC, you’ve come to the right place. 

IR 2021-242, 12/6/2021; Notice 2021-65, 2021-51 IRB

The IRS has issued guidance for employers on the retroactive termination of the Employee Retention Credit (ERC). The ERC was retroactively terminated as of September 30, 2021, except for employers that are a recovery startup business.

Variations in state passthrough entity (PTEs) taxes, as well as the potential relaxation or repeal of the state and local tax (SALT) deduction limitation (currently being deliberated in Congress via the Build Back Better (BBB) bill) have complicated the decision for passthroughs to elect to pay a PTE tax.

9 Steps to Protect Your Practice

1. Get Your Expectations in Writing

   It’s easy to grab a boiler plate job description off the web. But if you want your Medical Bookkeeper to meet and exceed your expectations, it’s best to measure twice and cut once from the start.

We are delighted to announce the launch of our new website!

New Website Coming Soon!