Expert Perspectives

Squire provides complete and personalized accounting solutions to meet your individual needs.

Expert Perspectives

Squire provides complete and personalized accounting solutions to meet your individual needs.

categories:

tags:

All
1099
1099 guide
1099-NEC
179D deduction
2016 tax tips
2018
2019 Tax
2020
2022 Tax Season
2022 Taxes
2025 tax year
401(k)
A/R
Accountant
accounting
Accounting news
accounts
Advanced Energy Project Credit
AI
amended tax return
Apps
audit
audit efficiency
audit red flags
Automation
Avalara
Awards
backlog
Banks
beginner quickbooks
beginning quickbooks
Beneficial Ownership
Benefits
best accountant
best accounting firm to work for
best of utah valley
Biden
Bills
BOI
Bookkeeping
budgeting
Build assemblies
Bundling
business
business mileage
Business Owners
calendar
Canada
CARES Act
cash flow
CEO
charitable contributions
Charity
checks
child tax credit
childcare
Closing Books
Cloud
Cloud Computing
Company Announcement
Coronavirus
cost segregation
COVID-19
Creating Items
Creating Jobs
credit cards
Credit Memos
Critical reports
CRM
Crowdfunding
cryptocurrency
CTA
custom fields
customer statements
Customers
customize forms
data protection
dependent
Deposits
desktop
DevOps
Direct Selling
divorce
Doc Center
Due Dates
earned income credit
earned income tax credit
Edit
education
electric car
Electric Vehicle
Entering billls
ERC
estate tax
estimated tax
estimated taxes
estimates
event
Expats
expense
expenses
Expensify
finance
finance charges
Financial Management
Financial Metrics
Financial Planning
FinCEN
FinOps
first employee
fixed asset
Foreign Income
form 4868
Forms
FSA
gas prices
get paid
gift giving
gift tax
Home Energy
How To
how-tos
HSA
i-9
Iaas
identity theft
Inflation Reduction Act
Installment Sales
interest
International
International Taxation
inventory
Investing
invoices
invoicing
ira
irs
irs audit
job costing
last minute tax tips
late return
leadership
legislation
litigation support
Manufacturing
Memorize
microsoft word
mileage
mileage reimbursement
ML
mobile app
NetSuite
Networking
new partner
NIL Tax Help
nonprofit
Office Managing Partner
Outsourced Accounting Services
Outsourcing
PaaS
past due
payments
Payroll
penalties
phone
point of sale
Policy
pos
PPP
Pricing
product records
Products and Services
Progress Invoicing
PTE
PTET
QBO
QOF
QOZ
quickbooks
quickbooks enterprise
quickbooks made easy
QuickBooks Online
quickbooks proadvisor
R&D
receivables
Reconcile
Record expenses
records
recruiting
Reflection
Refunds
reminders
reports
Research & Development
Research Credit
retirement
roth ira
SaaS
sales tax
seasonal work
self employed
self employed retirement
sep
shortcuts
simplified employee pension plan
Small Business
SOC
social security
sole proprietor
Squire
Squire & Company
Standard Deductions
statements
stock options
student-athlete
Succession Planning
Supply Chain
SVB
System Requirements
Tax
tax benefits
tax breaks
tax changes
tax credit
tax credits
tax deadline
tax deductible expenses
Tax Deductions
Tax incentives
Tax Law
Tax Mistakes
tax planning
tax prep
tax preparation
tax provisions
Tax Records
tax refund
tax reporting
tax return
Tax scam
Tax Statute
tax strategies
tax tips
taxes
time tracking
tips
Top 100 ProAdvisor
transactions
transportation expense
Trusts
US
Utah
Utah Business Best Companies to Work For
vendor credit
vendor records
Vendors
W-4
W-9
Wealth
Wealth Management
women
year end
year end tax tips

Category: IRS

categories: IRS // Tax

tags: ERC // tax credits // Tax incentives

Employee Retention Credit Update

The IRS released an update regarding the Employee Retention Credit claims on June 20th, outlining their findings and plans for ERC claims filed prior to September 14, 2023. This is the most detailed information the IRS has released so far […]

View Post >

Deadline Approaching for Round Two of the Qualifying Advanced Energy Project Credit

categories: IRS // Tax

tags: Advanced Energy Project Credit

Deadline Approaching for Round Two of the Qualifying Advanced Energy Project Credit

By: Sandra Bullock, CPA The Internal Revenue Service and Department of Energy recently opened an application portal for companies with eligible investments in clean energy manufacturing to submit concept papers in a second round of selective tax credit allocations. Section […]

View Post >

IRS Offering a Withdrawal Process for Ineligible ERC Claims

categories: IRS

tags: ERC // tax credit

IRS Offering a Withdrawal Process for Ineligible ERC Claims

Article Highlights: ERC Marketers and Promoters Potential Criminal Investigation and Prosecution About the ERC Who Can Withdraw an ERC Claim How to Withdraw a Questionable ERC Claim The IRS has created a withdrawal option to help small business owners and […]

View Post >

categories: IRS

Research Credit Potentially Doubled By The Inflation Reduction Act

The Inflation Reduction Act that President Biden signed into law back in August, has a lesser-known provision that could benefit many small business startups, allowing them to potentially double the amount of the research and development tax credit they can […]

View Post >

October Extended Due Date Just Around the Corner

categories: IRS // Tax

tags: tax deadline

October Extended Due Date Just Around the Corner

If you could not complete your 2021 tax return by April 18, 2022 and are now on extension, that extension expires on October 17, 2022. Failure to file before the extension period runs out can subject you to late-filing penalties. […]

View Post >

What Does The Inflation Reduction Act Mean To You?

categories: IRS // Tax

tags: Inflation Reduction Act // irs // Tax

What Does The Inflation Reduction Act Mean To You?

On August 16, 2022, President Biden signed into law the Inflation Reduction Act of 2022 which is a scaled-back version of the prior Biden administration proposals originally included in the Build Back Better Act. The legislation includes a variety of […]

View Post >

categories: IRS // Tax // Uncategorized

What Do You Do If the IRS Wants to “Audit” Your Tax Return?

The word “audit” tends to strike fear in the hearts of American taxpayers, but the truth is that not every audit is a result of a problem, or that the Internal Revenue Service suspects you of wrongdoing. There are several […]

View Post >

What businesses need to know about reporting nonemployee compensation and backup withholding to the IRS

categories: IRS // Tax

tags: irs // tax tips

What businesses need to know about reporting nonemployee compensation and backup withholding to the IRS

When a business hires an independent contractor, the employer is generally not responsible for withholding income taxes, Social Security, or Medicare taxes from their compensation. However, by law, business taxpayers who pay nonemployee compensation of $600 or more must report […]

View Post >

IRS Announces Mid-Year Optional Vehicle Mileage Rate Increase

categories: IRS

tags: gas prices // irs

IRS Announces Mid-Year Optional Vehicle Mileage Rate Increase

With gas prices soaring it has been expected the IRS would increase the mileage rate that business owners can deduct for vehicle use instead of keeping a record of actual expenses. Sure enough, the IRS recently announced a 4-cent increase […]

View Post >