Chris Eichmuller, CPA, is a director at Corrigan Krause and the head of the tax department. For many of us, 2020 was a year unlike any other. At Corrigan Krause, we are ready to help you get organized and guide you through tax season this year. Here are a few tips to help you get […]
The monthly work-in-progress (WIP) schedule your team puts together can be so much more than your financial statements. It can help you manage and plan throughout the entire year to better manage your jobs, maximize your profits, and assist with tax planning. Make Sure Your WIP is Accurate To start, make sure your WIP schedules […]
Exit planning is not usually the first thing entrepreneurs and business owners are thinking about. The daily demands of growing a business often take priority over long-term planning, but it’s the long-term planning that can transition current success into something that lasts a lifetime. 99% of business owners say that their transition strategy is important […]
Employee Retention Tax Credit Back in March of 2020, The CARES Act granted eligible employers a credit, the Employee Retention Tax Credit (ERTC), against employment taxes equal to 50 percent of qualified wages paid to employees who are not working due to the employer’s full or partial suspension of business or a significant decline in […]
On December 27, 2020, President Donald Trump signed the Consolidated Appropriations Act, 2021 (H.R. 133) into law. Below are the significant individual and business provisions. Extension of Unemployment Insurance Compensation Benefits An 11-week extension of unemployment insurance benefits. This will provide an additional $300 per week along with state unemployment insurance. Stimulus Checks to Individuals Similar to […]
