Miami CFO Blog
One big question among many owners is, “Do we have to pay back the ERC refund?”
To assess eligibility, the IRS established a suspension test, evaluating whether an employer experienced hardship based on two critical components:
The word "audit" strikes fear in the hearts of many. But audits happen! They're a necessary part of maintaining financial integrity and ensuring the accuracy and transparency of an organization's financial operations. Luckily, with a proactive approach and an honest...
By allowing fear to hinder your application, you might unknowingly be leaving significant financial resources untapped.
Filing your business tax return is a critical task that requires accuracy and attention to detail. However, mistakes happen, so it’s not uncommon for errors or omissions to occur during the process. The IRS understands that and allows businesses to correct these...
Miami CFO can provide valuable insight into how the PPP affects your eligibility for the ERC and other tax credits.
Financial stability is essential for the long-term success of an organization, especially in today’s fast-paced and ever-changing business world.
This year’s list includes some familiar scams as well as some new ones, including Employee Retention Credit (ERC) scams.
The Employee Retention Credit (ERC) is a refundable tax credit introduced as part of the CARES Act and expanded by subsequent legislation. While many businesses have received their ERC refunds, others are still waiting. That has many people wondering: How long do...