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Employee Retention Tax Credit: Don’t Miss a Step

Employee Retention Tax Credit: Don’t Miss a Step

By Daniel R. Steinmeyer, MBA, CPA June 20, 2022

By now, you have likely heard about the Employee Retention Tax Credit (ERTC) program, a government incentive for businesses to retain employees throughout the Covid 19 pandemic. It was created by the CARES Act and extended and altered by successive pieces of coronavirus relief legislation. The ERTC has provided massive tax...

6 Things to Know About a 1098-T Form

6 Things to Know About a 1098-T Form

By Daniel R. Steinmeyer, MBA, CPA January 13, 2022

We’re getting deep into tax preparation season, and during a year that the Internal Revenue Service expects to be busier than most, institutions and students are encouraged to organize and submit documentation as promptly as possible. Among the most important items for institutions to prepare is Form 1098-T, Tuition Statement. This...

Stay on Top of Potential PPP Tax Concerns & Solutions

Stay on Top of Potential PPP Tax Concerns & Solutions

By Daniel R. Steinmeyer, MBA, CPA December 7, 2020

This year’s Paycheck Protection Program (PPP) was a life preserver for many companies and for-profit organizations, as well as their employees, as the COVID-19 pandemic ramped up and businesses were forced to close. But there are some potential tax considerations for business owners and pass-through entities regarding the loan program...

Learn if You Qualify for a Coronavirus-Related Distribution

Learn if You Qualify for a Coronavirus-Related Distribution

By McClintock & Associates November 11, 2020

The coronavirus pandemic has caused many hardships throughout 2020, with health and the economic effects being felt by almost every family in the country. As a result, the government has issued many new aid-providing bills in this timeframe. The most significant of these to date is the CARES Act. While most...