A survey by the National Federation of Independent Business (NFIB) found that only 4% of small business owners are “very familiar” with the Employee Retention Tax Credit program. Furthermore, only 32% said they were “somewhat familiar” with the incentive. Scammers are taking advantage of this unfamiliarity to collect high fees from business owners. Unscrupulous companies
Government Affair Services
As a business owner, it is critical to stay abreast of legislative and regulatory changes that affect your tax and compliance obligations. In fact, managing political risk is a growing imperative for effective corporate governance and business planning. At Engineered Tax Services, we provide government affairs consulting services to monitor federal and state action that could have an impact on your business interests.
ETS combines public policy, capital markets and sector-specific expertise to offer a unique capability for clients operating at the critical intersection between business and government.
Our Government Affairs services include:
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TAX ALERT: IRS may extend the transition period for compliance regarding research credit refund claims
IRS Update *** The IRS is extending for another year (through January 10, 2024) the transition period during which taxpayers are provided 45 days to perfect a research credit claim for refund prior to IRS’s final determination on the claim. A recent comment by an IRS official indicating that the agency may extend the … Read more
On the night of Wednesday, April 28, President Biden addressed a joint session of Congress and unveiled the second portion of his Build Back Better agenda – the American Families Plan, a $1.6–$2 trillion social infrastructure/human capital initiative focused on fighting poverty, investing in childcare and education (free community college), improving workforce development, and potentially