Adam’s Tax Blog

Note: Tax advice, articles, and content contained on this site are intended for informational and educational purposes only. They are not a substitute for professional advice. Tax matters are can be extremely complex and vary greatly for each individual or company. Please click here to read our complete disclosure and disclaimer for the information presented on this site.

Infrastructure Law Sunsets Employee Retention Credit Early

Infrastructure Law Sunsets Employee Retention Credit Early

The Employee Retention Credit (ERC) was a valuable tax credit that helped employers survive the COVID-19 pandemic. A new law has retroactively terminated it before it was scheduled to end. It now only applies through September 30, 2021 (rather than through December...

read more
Remember to Use up Your Flexible Spending Account Money

Remember to Use up Your Flexible Spending Account Money

Do you have a tax-saving flexible spending account (FSA) with your employer to help you pay for health care expenses? There are some rules and reminders to keep in mind before the year ends. An account for health expenses A pre-tax contribution of $2,750 to a health...

read more
Many Factors are Involved When Choosing a Business Entity

Many Factors are Involved When Choosing a Business Entity

Are you planning to launch a business or thinking about changing your business entity? If so, you need to determine which entity will work best for you — a C corporation or a pass-through entity such as a sole-proprietorship, partnership, limited liability company...

read more