2022 year end business client information
2023 has been a year of minimal changes to tax laws. However, enforcement efforts by the IRS are increasing, and we are particularly aware of audit activity involving ERTC (Employee Retention Tax Credits) and employees misclassified as subcontractors. These two areas deserve more attention on your part. For individuals, you treat as subcontractors, ensure your relationship does not have your company providing all of their work, income, and work hours. Please feel free to discuss this with us.