As we enter the legislative session this January, MSATP will be at the forefront, advocating for policies that support tax, tax preparation, and small business interests. Our 2024 Legislative Priorities are thoughtfully designed to reflect and further our mission statement. Here’s how: Business Tax Environment: We stand against complex tax rules like the throwback rule … Read more
Understanding the Recent Changes to the Employee Retention Credit (ERC)
The Employee Retention Credit (ERC) has been a significant topic of discussion in the financial community in recent months. The Internal Revenue Service (IRS) recently spotlighted a concerning trend of aggressive promotion and scams connected with the credit. Unfortunately, many well-intentioned businesses have fallen victim to such “ERC mills,” resulting in a web of inaccuracies … Read more