If you’ve recently filed or plan to file for the Employee Retention Credit (ERC), expect about a six-to eight-month wait to receive your credit.
Category: Tax Services
If your cryptocurrency activity this past year included any taxable event, it’s important that you are tracking your activity properly and have the necessary documents when you file. If you’re not sure about which activities are taxable events, check out our blog on taxable cryptocurrency activity here.
Investing in cryptocurrency and, more recently, NFTs (non-fungible tokens), has exploded in popularity. While it’s exciting to enter a new market, it’s imperative you’re documenting your activity properly.
Spencer Helwig joined Corrigan Krause as a first year associate in September 2020. Starting his career during a pandemic was certainly a unique way to break into the accounting industry, but the pandemic wasn’t the only challenge ahead of him. Looming just after the holidays, before the first signs of spring, was his first busy season at a public accounting firm.
Blog updated January 2022: As you’re gathering your documents to file your taxes this year, take a moment to check that you’re not making one of these common mistakes.
This year, we are excited to announce our Individual Income Tax Organizer process is now completely electronic through SafeSend Organizer! SafeSend Organizer will take the place of the organizers and questionnaires we’ve historically sent separately through the mail or the portal at the kick off of tax season to help you get organized. In addition to SafeSend Organizer, we will again use SafeSend Returns as our electronic delivery service for you to review and sign your return electronically.
This blog has been updated for 2022. Marriage is an exciting time for couples however, along with most life changes; your tax situation also changes. It is important to understand basic tax considerations and consequences for newlyweds. This article explains some of the changes that will affect your tax filings after “I do.”
Taking some time to get organized before it’s time to file will make the season run much more smoothly. The construction Services team at Corrigan Krause compiled the list below to help construction business owners to start getting prepared for tax season.
President Joe Biden signed the Infrastructure Investment and Jobs Act into law November 15, 2021, and with that, a number of tax provisions are now in effect. Click here to read a list of the changes.
The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2020-07, Not-for-Profit Entities (Topic 958): Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets in September 2020. The FASB aims to make the presentation and disclosure of gifts-in-kind (GIKs) more transparent and consistent across nonprofit accounting.
