Employee Retention Credit – ERC

Employee Retention Credit – ERC

More money in your pocket for paying wages to employees.  Businesses could be eligible to claim up to $19,000 per employee if they meet certain qualifications.   We have written a lot over the last year about the new legislation that came out of the COVID-19...
Culpepper’s Annual Year-in-Review

Culpepper’s Annual Year-in-Review

2020 has been nothing short of memorable.  At Culpepper, we have a tradition of reflecting on our year before we move ahead into the next. We sat down with our team and asked them to review this past year.    We can all agree that 2020 has been a little crazy....
What do Biden’s tax proposals mean for YOU?

What do Biden’s tax proposals mean for YOU?

As election season comes to an end, it’s a good time for us to look at what President-Elect Joe Biden’s tax proposals mean for Americans. We’ll stick to the facts and keep our opinions out of it!  There’s been a lot of talk surrounding Biden’s plan to raise taxes on...
Working from Home & Tax Nexus

Working from Home & Tax Nexus

In the months since COVID-19 has taken our country by storm, thousands of Americans have transitioned to working at home. It has caused many companies to introduce or expand a remote work policy for their employees.   “Nexus” is a term used to describe a situation in...
IRS Lists “Dirty Dozen” Tax Scams of 2020

IRS Lists “Dirty Dozen” Tax Scams of 2020

Every year, the IRS compiles a list of common tax scams plaguing taxpayers each year. In a recent Information Release, they have announced the 2020 version of their annual “Dirty Dozen” tax scams to look out for. This year, the “Dirty Dozen” list focuses on scams that...
Are you missing out on a $250,000 tax credit?

Are you missing out on a $250,000 tax credit?

Consider this blog post a PSA: your qualified small business may be eligible to apply for up to $1.25 million (or $250,000 each year for five years) of the federal Research & Development (R&D) tax credit. This payroll tax election is intended to offset the...
How to Protect Your Business from Cybercriminals

How to Protect Your Business from Cybercriminals

With an abundance of time at home, newfound unemployment, and a volatile economy, cybercrime is at an all-time high. Not to mention – more information has been forced to go online than ever before, leaving citizens vulnerable to cybercriminals, who take advantage of...
Paycheck Protection Program Loan – A Follow-Up Blog

Paycheck Protection Program Loan – A Follow-Up Blog

Last month’s blog covered the details of the Paycheck Protection Program (PPP) Loan – a specific part of House Resolution 748 – the Coronavirus Aid, Relief, and Economic Security (CARES) Act. To no surprise, there was some additional follow-up legislation regarding...

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