The IRS recently released a ‘Scam Alert’ for misleading claims about non-existent “Self Employment Tax Credit” ->

We’ve actually had at least a handful of customers reach out to us about this one, and we like this line from the IRS' press release:

Taxpayers urged to talk to a trusted tax professional, not rely on marketers or social media for tax advice

I don’t fully know why, but the last few years there’s been this rash of small business ‘tax advice’ on TikTok, Instagram, & similar platforms from people who clearly don’t know what they’re talking about -> We have to agree with the IRS' advice on this one :)

Have you submitted your business' newly required “Beneficial Ownership Information Report” (BOI)?

Although still an unfolding situation, at a July 9 House Financial Services Committee hearing, Department of the Treasury Secretary Janet Yellen said ‘there are no plans to extend the Beneficial Ownership Information (BOI) reporting deadline’.

That deadline? Dec 31 for business that were already in existence when this year began.

For many small businesses it’s a fairly easy process – Check out our video tutorial in our YouTube channel for a walkthrough.