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November 14, 2022 — A Corona man was sentenced today to 102 months in federal prison for fraudulently obtaining more than $6.6 million in Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) funds intended for business owners impacted by the economic shock of the COVID-19 pandemic and then laundering his illegal proceeds into financial instruments and real property in Pakistan.

IR-2023-95, May 2, 2023 — The IRS today urged business taxpayers to begin planning now to take advantage of tax-saving opportunities and get ready for reporting changes that take effect in 2023.

The path to a secure retirement is choosing the right retirement plan. We’ll help you along the way! We’ll help you along the way!

As the IRS implements this major tax legislation, check this page for updates and resources to learn how the Tax Cuts and Jobs Act (TCJA) affects businesses.

Aug. 14, 2024 — United States District Judge Charlene Edwards Honeywell has sentenced Barrett Purvis, of Tampa to 33 months in federal prison followed by three years of supervised release for wire fraud and money laundering.

March 22, 2023 — A Warren County, New Jersey, businessman was sentenced today to 36 months in prison for fraudulently obtaining nearly $1.8 million in federal Paycheck Protection Program (PPP) loans, U.S. Attorney Philip R. Sellinger and Assistant Attorney General Kenneth A. Polite, Jr., of the Justice Department's Criminal Division announced.

For tax years beginning after December 31, 2006, the Small Business and Work Opportunity Tax Act of 2007 (Public Law 110-28) provides that a "qualified joint venture", whose only members are a married couple filing a joint return, can elect not to be treated as a partnership for Federal tax purposes.

Some of the provisions of the Affordable Care Act, or health care law, apply only to small employers, generally those with fewer than 50 full-time employees or equivalents.

Many small employers faced economic hardships in 2020 and are continuing to navigate their retirement plans through a challenging environment. Some employers have had to reduce their workforce, terminating or laying off a significant number of employees. Following are some situations you need to be aware of as you administer your retirement plan.

April 20, 2023 — Two former residents of Monmouth County, New Jersey, who allegedly obtained approximately $3.75 million in federal pandemic-related loans have been indicted, U.S. Attorney Philip R. Sellinger announced today.