Boyer & Ritter

If government-ordered shutdowns or restrictions due to COVID-19 hurt your business, you may be able to get Employee Retention Tax Credits to help make you whole. Even those receiving #PPPloans may qualify. https://buff.ly/3bvcDiC #ertc #IRS

Nearly everyone loves diamonds, but criminals with ill-gotten gains have a special affinity for them. Precious metals and stones make ideal money-laundering vehicles. Certain laws and regulations attempt to stop them.

Saving for retirement can help make your future brighter. Recent tax law changes might allow you to save more with your IRA or retirement plan.

Are you required to make estimated tax payments because you don’t pay enough tax in withholding? Here are the rules.

New guidelines make it easier for struggling sole proprietors to qualify for #PaycheckProtection loans. Learn more about this chance to help your #smallbiz https://buff.ly/2MOZJlV

With so many employees working from home, protecting your business’s computers and other equipment from theft is even harder than usual. To safeguard property from employees and outsiders, add security plates and indelible markings. These additions can help you find stolen property, inhibit its resale and discourage thieves. You can also track it using preinstalled security software and certain websites. Another security measure is to lock down computers with cables and attach motion sensor alarms. Finally, make sure your building’s security guards question anyone walking out the door with business assets. Contact us for more tips.

If you’ve built a nice nest egg in a traditional IRA (including a SEP or SIMPLE-IRA), it’s critical that you plan carefully for withdrawals from these tax-deferred retirement vehicles. For example, if you need to take money out of a traditional IRA before age 59, distributions will generally be taxed and may also be subject to a 10% penalty. However, there are several ways to avoid the penalty (but not the regular income tax). Once you attain age 72, traditional IRA withdrawals must generally begin or you’ll be penalized. However, the CARES Act suspended the required minimum distribution rules for 2020. Contact us with traditional IRA questions and to analyze your retirement planning.

Before Dec. 31, your business should buy any needed business assets and place them in service. That way, you can take advantage of the Section 179 deduction and bonus depreciation.

You likely want to help the needy this holiday season. But are you sure every charitable solicitation is legit? We offer tips for avoiding charity fraud and ensuring donations go where you intend.

It’s that time of year again: time to spend your unused dollars if you have an FSA.