As we approach the 2025 “tax cliff,” future tax policy remains a pressing focus for individuals. With election results in, the direction of upcoming legislative changes is beginning to take shape, providing a clearer framework for strategic decisions. However, tax … Continue reading
Year-End Tax Planning for Individuals
Year-End Tax Planning for Businesses
After a few years of relatively mild tax changes for most businesses, post-election results provide more clarity on the direction of future policy—with a confluence of expiring tax provisions, a new administration, and evolving economic factors that will shape the … Continue reading
The deadline for initial filings under the Corporate Transparency Act (CTA) is right around the corner. On January 1, 2025, millions of privately-owned non-exempt corporations, limited liability companies, and limited partnerships will be subject to new reporting requirements, designed to … Continue reading
We’re Hiring: Tax Manager (Remote/Hybrid)
While we may work mostly with numbers, our firm is all about people. Erock Tax + Financial Planning is seeking an experienced Tax Manager to join our growing team. We are a full-service tax preparation, strategy, and advocacy firm and … Continue reading
What are the Rules for Record Retention?
Now that tax season is in the rearview, it’s a good time to declutter the accumulated piles of paperwork. But there are some recommended guidelines to be aware of before you discard any official documents. The following article outlines what … Continue reading
Launching a New Company or Need a New Business Structure? The Differences Between LLCs, C Corps and S Corps
As you meet with your accountant this tax season and consider the swirling number of legislative changes over the past few years, you may be looking at your business with a fresh set of eyes and realizing that it … Continue reading
Top Tax Considerations for Remote Employees
Return-to-office plans remain in a state of limbo as some employers find that a remote work strategy is a viable option long term. What are the tax implications for businesses in this new scenario? Over the past couple of years, … Continue reading
What You Need to Know About the Child Tax Credit and Economic Impact Payment Notices
Many of you probably already received IRS Letters 6419 and 6475 containing details about your 2021 advance child tax credit (CTC) payments and economic stimulus payments. Here’s what you need to know about the letters, this year’s CTC refund, and … Continue reading
Q4 Taxes Due Next Week: Here’s What You Need to Know
We’re coming up on the final estimated tax payment of 2021 next week! Since the standard quarterly deadline of January 15 falls on a Saturday this year, and Martin Luther King Jr. Day will be celebrated on Monday, all self-employed individuals … Continue reading
Year-End Tax Planning for Businesses
2021 brought a wave of new tax changes for businesses, and 2022 could bring yet another surge. With the end of year in sight, there’s a window of opportunity in the fourth quarter to make strategic tax planning moves that … Continue reading
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