Corrigan Krause CPAs and Consultants is proud to announce that Tom Krause, CPA, has been named a Mentor of the Year by Engage! Cleveland.
Tag: tax
President Joe Biden signed the budget reconciliation bill H.R. 5376 into law Tuesday, August 16, 2022. Better known as the Inflation Reduction Act, the bill includes a number of tax provisions that may affect your business.
You have a great concept for a business, but before you move on to developing your buy-sell agreement, do you know what the best structure or entity type is for you? The entity type is crucial to the success of a business and can have drastic legal and tax consequences for a company. As a business owner, it is your responsibility to understand the structure of the business you are creating and your personal stake within the company.
As a business owner, once you decide to offer a retirement plan for your employees, you become a plan sponsor with fiduciary duties. It is vital to understand the responsibilities that come along with the establishment of a retirement plan and who you may share this responsibility with. Individuals that assume fiduciary duties carry the weight of the interests of all employees participating in the retirement plan.
As a business owner, implementing a retirement plan for your employees can be a crucial part of retaining your talent. Before jumping into a retirement plan or deciding it’s too expensive to undertake, take time to learn about your options and find the right fit for your team. There are more options out there, especially for small businesses, than you might think.
You sold your house, congratulations! Depending on your situation, you may be eligible to exclude some or all of the profit from the sale from your taxable income. This is called the principal residence exclusion.
If you experienced any life changes - got married, had children, took on a side hustle, etc. – since filing your most recent Form W-4, it may be time to check your withholding.
Corrigan Krause is proud to announce Christine Eichmuller is a 2022 Smart Women Award Progressive Woman Honoree! The Progressive Woman category asked how Christine rose through the ranks over her career, and what challenges she faced - and overcame - along the way.
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.
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.
