SJG Blog
Small Businesses Eligible for 401(k) Tax Credits
The Securing a Strong Retirement Act of 2022 (SECURE Act 2.0), passed in March 2022, expanded efforts to help Americans achieve retirement savings security. The bill sought to further remove obstacles to saving for retirement, including a lack of access to employer-sponsored plans. To incentivize employers to open new 401(k)
Do You Need a Virtual CFO?
Every company must find an efficient way of handling accounting and bookkeeping functions. For many businesses, an outsourced accounting solution makes good business sense and provides much needed support with financial management. Some businesses and high net worth individuals will want to take their financial operations to another level and
ERTC Enforcement and Withdrawing a Claim
The Employee Retention Tax Credit (ERTC) was introduced during the COVID-19 pandemic as a tax incentive for businesses to keep employees on their payroll. To qualify, a business must have suffered financially or experienced operational disruptions because of COVID restrictions. Even though it has since expired, it’s still possible for
IRS Plans to Scrutinize Wealthy Taxpayers in Major Compliance Push
With the Inflation Reduction Act of 2022 allocating substantial funding to the Internal Revenue Service (IRS) for tax enforcement activities, the IRS has made no secret that it will scrutinize high wage earners, wealthy taxpayers and corporations in a new compliance push. The agency is expected to hire scores of
Benefits of Outsourced Accounting Services:
Keep These Ideas in Mind
Accounting and bookkeeping are important functions for any company. However, not every business has the resources to hire its own internal staff to handle financial management tasks or become QuickBooks experts. In addition, as a business grows, its needs will change. Bookkeeping systems that worked well initially may not keep
Now is the Time to Invest in Renewable Energy
As the Inflation Reduction Act of 2022 (IRA) turns one year old, companies in the renewable energy sector are seeing their growth “turbocharged,” fueled by increased demand for products and services that supply greener sources of power. We’re seeing significant shifts in consumer behavior, whether driven by altruism, climate concerns,