Experienced Tax Attorneys

Call Us Confidentially Now: 703-752-3752

Call us confidentially now:

You Deserve Confidentiality & Trusted Tax Law Experience

Get Help Now

News and Events

Archive by Month: July 2022

What Virginia Businesses Need to Know About Nonemployee Compensation in 2022

Posted in News, Offshore Account Update on July 29, 2022

With the gig economy bolstered by the COVID-19 pandemic and wages skyrocketing as businesses compete for qualified employees, many businesses are finding themselves increasingly reliant on independent contractors. While hiring employee contractors offers a variety of benefits—including tax benefits—businesses need to ensure that their “nonemployee” compensation practices are not putting them at risk for IRS penalties. Read More

Did Your Company Improperly Claim the COVID-19 Employee Retention Credit?

Posted in News, Offshore Account Update on July 22, 2022

The employee retention credit was available to qualifying businesses in 2020 and 2021 to help offset the costs of keeping employees on staff during the height of the COVID-19 pandemic. The rules and restrictions governing the employee retention credit changed over time, and, as a result, it is likely that some businesses (if not many businesses) claimed the credit improperly. Read More

Back to the top