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Monthly Archives: September 2024

IRS Offers Additional Time to Correct Erroneous, Fraudulent ERC Claims by Joseph Leocata, JD, CPA, MBA


Posted on September 25, 2024 by Joseph Leocata

The IRS announced in August the reopening of a voluntary disclosure program (VDP) to help taxpayers fix and repay incorrect Employee Retention Tax Credit (ERC) claims without penalties, interest or criminal charges. Congress introduced the ERC in 2020 to provide businesses and nonprofits with economic assistance during the COVID pandemic. The ERC-VDP will run through […]

Your Legacy Accounting Software May Be Costing More Than You Think by Shanna Shim, CPA


Posted on September 11, 2024

When small and mid-size businesses assess their existing accounting systems, the adage “if it ain’t broke, don’t fix it” often comes to mind. After all, if employees are comfortable working with a solution that continues to function the way it is supposed to, why spend the dollars and resources to find and deploy a new […]

Cybersecurity Risk Assessments Critical to Helping Businesses Prevent Data Breaches by Brandon Bowers


Posted on September 03, 2024 by Brandon Bowers

Falling victim to a data breach that involves unauthorized access to a company’s confidential information can be especially costly for small and mid-size businesses in terms of lost revenue, loss of productivity and reputational damage. Yet even as the number of small businesses impacted by cyberattacks continues to rise, less than half have adopted cybersecurity […]