Putcha LLC

You work hard to manage your small business. Don’t get fooled by fraudulent third parties promoting improper claims of the Employee Retention Credit. Be wary of offers beyond the guidelines for this credit. Taxpayers are responsible for the information reported on their returns. Improperly claiming the ERC could result in paying back the credit along with penalties and interest.

For more guidance on the Employee Retention Credit check out http://ow.ly/6cTp50NaVwe.

Good tax preparers will work to make you "audit proof" while being extremely aggressive with your deductions. Despite the fact that generally speaking, audits are down, you do NOT want to risk the ire of Treasury agents. Make sure you're working with someone who balances both concerns.

Running a startup, or thinking about starting one? Here's a good rule of thumb:

1) Take your projected costs: double them.
2) Take your projected revenue: cut it in half.

No matter how detailed your business plan is, chances are your startup will require more time and money than you anticipate before it gets off the ground.