Alex Bray JD, LLM, MBA

Arizona Attorneys, Lawyers, and Law Firms Employee Retention Credit in AZ (2024 updates) https://lnkd.in/gXpambMJ Key ERC Credit Takeaways: - AZ Law Firms Eligible: Legal professionals in AZ can claim the Employee Retention Credit. - Significant Tax Incentive: The ERC provides substantial aid to maintain workforces. - Renewed by CAA: The credit was extended by the Consolidated Appropriations Act. - Claim Retroactively: Law firms can claim the ERC even after closing or selling. - Avoid Scams: Be cautious of ERC deduction scams and seek expert guidance. Important 2024 and 2025 ERC Tax Credit Deadline: The 2020 ERC Credit Tax Year deadline of 4/15/24 has already passed. Good news? The opportunity to retroactively claim your business Employee Retention Credit for the prior 2021 Tax Year is still available, with a next year April 15, 2025 deadline. This really is your FINAL chance at any potential ERC tax credit refund! Not all businesses will qualify, as it depends on multiple factors per IRS Rules and Guidelines. You might be leaving significant financial relief on the table from past COVID harm to your business in 2021. In late 2023, the IRS had “temporarily” paused processing. You will still want to check eligibility and file now (if you qualify) because the IRS will resume processing tax credit claims in the order they are received. TAKE ACTION NOW IN 2024 DON’T WAIT! Since the IRS has over 1,000,000+ Quarterly 941-X tax forms in their processing queue, this has caused much longer delays in getting ERC Refund Checks for those that qualify. The IRS processes ERC Claims in the order they are received. If you haven’t previously filed for the ERC Credit, it is worth scheduling a phone call to explore your possible eligibility from the past 2021 business tax year. Again, not all businesses will qualify, but it’s worth a professional deep-dive evaluation. https://lnkd.in/dtr69VW9 #ERC #ERTC #EmployeeRetentionCredit #EmployeeRetentionTaxCredit #TaxCredit

Montana Attorneys, Lawyers, and Law Firms Employee Retention Credit in MT (updated 2024) https://lnkd.in/g4V7VFyJ Key ERC Credit Takeaways: - ERC Eligibility for MT Legal Firms: Montana law firms impacted by COVID-19 may qualify for tax credits. - Impact of Court Shutdowns: Shutdowns and reduced court services in MT can make legal firms eligible. - Calculation of Qualifying Wages: Understanding which wages qualify is crucial for maximizing the credit. - Deadline for Filing: Firms must file for the ERC by specific deadlines to receive benefits. - Professional Assistance Available: Experts can help Montana law firms navigate the ERC filing process. Important 2024 and 2025 ERC Tax Credit Deadline: The 2020 ERC Credit Tax Year deadline of 4/15/24 has already passed. Good news? The opportunity to retroactively claim your business Employee Retention Credit for the prior 2021 Tax Year is still available, with a next year April 15, 2025 deadline. This really is your FINAL chance at any potential ERC tax credit refund! Not all businesses will qualify, as it depends on multiple factors per IRS Rules and Guidelines. You might be leaving significant financial relief on the table from past COVID harm to your business in 2021. In late 2023, the IRS had “temporarily” paused processing. You will still want to check eligibility and file now (if you qualify) because the IRS will resume processing tax credit claims in the order they are received. TAKE ACTION NOW IN 2024 DON’T WAIT! Since the IRS has over 1,000,000+ Quarterly 941-X tax forms in their processing queue, this has caused much longer delays in getting ERC Refund Checks for those that qualify. The IRS processes ERC Claims in the order they are received. If you haven’t previously filed for the ERC Credit, it is worth scheduling a phone call to explore your possible eligibility from the past 2021 business tax year. Again, not all businesses will qualify, but it’s worth a professional deep-dive evaluation. https://lnkd.in/dtr69VW9 #ERC #ERTC #EmployeeRetentionCredit #EmployeeRetentionTaxCredit #TaxCredit

Nevada Attorneys, Lawyers, and Law Firms Employee Retention Credit in NV (2024 updates) https://lnkd.in/gutjC2wx Key ERC Credit Takeaways: - Nevada Law Firms and the ERC: Insights into how NV legal practices can benefit from the tax credit. - ERC Benefits for Attorneys: Understanding the potential tax advantages for lawyers and law firms. - Claiming the ERC: Key steps for Nevada law practices to properly claim the Employee Retention Credit. - ERC Eligibility Details: Criteria that determine eligibility for law firms seeking the tax credit. - Maximizing the ERC: Strategies for Nevada attorneys to fully utilize the Employee Retention Credit. Important 2024 and 2025 ERC Tax Credit Deadline: The 2020 ERC Credit Tax Year deadline of 4/15/24 has already passed. Good news? The opportunity to retroactively claim your business Employee Retention Credit for the prior 2021 Tax Year is still available, with a next year April 15, 2025 deadline. This really is your FINAL chance at any potential ERC tax credit refund! Not all businesses will qualify, as it depends on multiple factors per IRS Rules and Guidelines. You might be leaving significant financial relief on the table from past COVID harm to your business in 2021. In late 2023, the IRS had “temporarily” paused processing. You will still want to check eligibility and file now (if you qualify) because the IRS will resume processing tax credit claims in the order they are received. TAKE ACTION NOW IN 2024 DON’T WAIT! Since the IRS has over 1,000,000+ Quarterly 941-X tax forms in their processing queue, this has caused much longer delays in getting ERC Refund Checks for those that qualify. The IRS processes ERC Claims in the order they are received. If you haven’t previously filed for the ERC Credit, it is worth scheduling a phone call to explore your possible eligibility from the past 2021 business tax year. Again, not all businesses will qualify, but it’s worth a professional deep-dive evaluation. https://lnkd.in/dtr69VW9 #ERC #ERTC #EmployeeRetentionCredit #EmployeeRetentionTaxCredit #TaxCredit

Washington Attorneys, Lawyers, and Law Firms Employee Retention Credit in WA (revised Jan. 2024) https://lnkd.in/gUNHqa8X Key ERC Credit Takeaways: - Refundable Tax Credit Benefits: Firms can get a 70% credit on qualified wages. - Maximize Your Credit: Understand how to fully leverage the available tax credit. - Employee Wages Matter: The credit is based on employee wages, up to a certain amount. - Financial Support for Law Firms: Designed to aid legal firms during challenging times. Important 2024 and 2025 ERC Tax Credit Deadline: The 2020 ERC Credit Tax Year deadline of 4/15/24 has already passed. Good news? The opportunity to retroactively claim your business Employee Retention Credit for the prior 2021 Tax Year is still available, with a next year April 15, 2025 deadline. This really is your FINAL chance at any potential ERC tax credit refund! Not all businesses will qualify, as it depends on multiple factors per IRS Rules and Guidelines. You might be leaving significant financial relief on the table from past COVID harm to your business in 2021. In late 2023, the IRS had “temporarily” paused processing. You will still want to check eligibility and file now (if you qualify) because the IRS will resume processing tax credit claims in the order they are received. TAKE ACTION NOW IN 2024 DON’T WAIT! Since the IRS has over 1,000,000+ Quarterly 941-X tax forms in their processing queue, this has caused much longer delays in getting ERC Refund Checks for those that qualify. The IRS processes ERC Claims in the order they are received. If you haven’t previously filed for the ERC Credit, it is worth scheduling a phone call to explore your possible eligibility from the past 2021 business tax year. Again, not all businesses will qualify, but it’s worth a professional deep-dive evaluation. https://lnkd.in/dtr69VW9 #ERC #ERTC #EmployeeRetentionCredit #EmployeeRetentionTaxCredit #TaxCredit

Avoid the Penalties of Not Filing or Filing Late Tax Returns by Hiring Diamond Head Tax Group OAHU Tax Consultant Services - Call 808-468-8041 and Schedule a Consultation It goes without saying that tax payers are responsible for filing tax returns accurately and on time, both individual tax payers as well as businesses, corporations and other corporations. Sometimes unforeseen circumstances can result in missed deadlines or even failure to file tax returns entirely. This will cause the Internal Revenue Service to impose penalties for not filing or filing late tax returns in order to deter non-compliance of tax-laws. Here we will explore the various penalties associated with failing to file or filing late tax returns, understand how they’re calculated, and explore strategies for minimizing their impact with the help of Diamond Head Tax Group OAHU Tax Consultant Services for individuals and business owners alike who want to avoid the penalties of not filing or filing late tax returns. Read more: https://lnkd.in/gAczqzt2 Diamond Head Tax Group We are available to assist you with your Tax Needs. Honolulu's Trusted Source for Filing Taxes for Personal and Business Individuals ● Business ● Tax Advisory ● Payroll Services Schedule a Consultation: 808-468-8041 #LateTaxes #TaxPenalties #MinimizeTaxPenalties #SmallBusinessTaxFiling #HawaiiSmallBusinessTaxFiling #BusinessTaxFiling #BusinessTax #HAWAIISmallBusinessTaxFiling #SmallBusinessTaxPreparationOAHU #SmallBusinessTaxPreparationHAWAII #HAWAIIFinancialPlanning #HAWAIIFinancialExpert #SmallBusinessFinancialPlanningOAHU #SmallBusinessFinancialPlanningHAWAII #DiamondHeadTaxGroup #HONOLULUFinancialAdvisor #OAHUFinancialAdvisor #HAWAIIFinancialAdvisor #BusinessTax #SmallBusinessTax #PersonalTax #FinancialPlanning #FinancialConsultant #FinancialConsulting #TaxFiling #FinancialAdvisorServices #FinancialAdvisor #FinancialAdvisory #BusinessFinancialPlanning #BusinessFinancialPlan #FinancialExperts #TaxSolutions #HONOLULUFinancialServices #HonoluluCPA #OahuCPA #HawaiiCPA #FinancialPlanningServices #BusinessTaxPlanning #TaxDay #TaxDeadline #RentalTaxFiling #PropertyTaxFiling #InheritanceTaxFiling #InheritanceTaxAdvisor #SCorporation #CCorporation #TaxFinancialAdvisory #BitCoinTax #AirBnbRentals

The TCJA and Estate Taxes could be up in the air depending on the presidential election outcome. With the 2024 election looming, uncertainty hangs over the fate of the Tax Cuts and Jobs Act (TCJA) of 2017. This landmark legislation included a significant increase in the estate tax exemption, allowing individuals to transfer much larger... Continue Reading #wisconsinlawyer #wisconsinlaw #wislawnow