Many workers today seek employers who prioritize mental health and wellness. Initiatives like employee work/life referral (WLR) programs are becoming popular ways to meet these expectations, and the IRS is entering the conversation with new guidance on how these types of programs are taxed. WLR programs include services that assist eligible employees with identifying, contacting, […] The post Tax Treatment of Employee Work/Life Referral Programs appeared first on San Antonio CPA | Forensic Investigative Accounting | Litigation Support ..read more

It’s been a busy tax season for scammers bent on exploiting small businesses. Phishing campaigns that mention Employer Identification Numbers (EINs), tech support, and more are trying to lure you and your precious data to them. MalwareBytes has alerted small businesses about a scam that is seemingly offering help in applying for an IRS EIN/Federal […] The post Avoid These Latest Small Biz Tax Scams appeared first on San Antonio CPA | Forensic Investigative Accounting | Litigation Support ..read more

Now that all taxpayers must answer the digital asset question on their tax forms, it’s wise to learn what exactly a digital asset is and isn’t as it relates to taxes. The IRS defines digital assets as any “digital representation of value that is recorded on a cryptographically secured, distributed ledger or any similar technology.” […] The post What Is a Digital Asset? appeared first on San Antonio CPA | Forensic Investigative Accounting | Litigation Support ..read more

San Antonio is growing and flourishing, as are its small and startup businesses. The Alamo City is a top U.S. market to watch, and employees are happy to work and live here. City officials want to keep it that way and have strengthened programs aiming to help small and startup business owners thrive locally. Here […] The post City of San Antonio Resources for Small Businesses appeared first on San Antonio CPA | Forensic Investigative Accounting | Litigation Support ..read more

Did you get a tax refund? It’s exciting, isn’t it? Now, the question is: What should you do with it? You could take a vacation, pay down debt, invest it, or fund a retirement account. The possibilities are endless! Whatever you do with the money, however, there’s one more vital task to complete as soon […] The post Tax Refund? Celebrate, Then Investigate appeared first on San Antonio CPA | Forensic Investigative Accounting | Litigation Support ..read more

Corporate jet usage is the focus of a growing number of IRS audits this year. It’s part of a bigger effort to crack down on large corporations, partnerships, and high-income taxpayers. The IRS announced in February that it was beginning dozens of audits in which undeclared personal use of a business aircraft is suspected. The […] The post IRS Audits Soar for Personal Use of Business Aircraft appeared first on San Antonio CPA | Forensic Investigative Accounting | Litigation Support ..read more

The IRS has already processed 62 million tax returns and refunded more than $135 billion this tax season. These early-bird taxpayers have received an average tax refund of $3,145, which is 5.8% higher than the same period a year ago. “The bigger average refund marks a reversal from the dip that the typical taxpayer experienced in 2023, […] The post How Is Tax Filing Season Going? appeared first on San Antonio CPA | Forensic Investigative Accounting | Litigation Support ..read more

IRS business tax accounts are now available to individual partners of partnerships and individual shareholders of S corporations, a privilege that was previously available only to sole proprietors. The IRS counts the move as part of its “continuing transformation work,” expanding its business tax account capabilities and eligible entity types in its second phase of […] The post IRS Expands Access to Business Tax Accounts appeared first on San Antonio CPA | Forensic Investigative Accounting | Litigation Support ..read more

While the employee retention credit (ERC) is no more, there’s still a significant tax credit on your side when hiring great workers from demographics that have historically faced significant barriers to employment: the federal Work Opportunity Tax Credit (WOTC). Staffing shortages over the past few years may have you thinking outside the box. In today’s […] The post Staffing Strains and the Work Opportunity Tax Credit appeared first on San Antonio CPA | Forensic Investigative Accounting | Litigation Support ..read more

The January 1, 2024, Texas franchise tax filing deadline was the first for some business owners to avoid paying or even filing a “no taxes due” form. The Texas franchise tax exemption has doubled, allowing up to $2.47 million of an entity’s total taxable revenue to be exempted from franchise taxes. The move completely eliminates […] The post Texas Increases Franchise Tax Exemption appeared first on San Antonio CPA | Forensic Investigative Accounting | Litigation Support ..read more