The Chips Bill is Set To Clear, Episode 23 by Ron Cohen

Ron Cohen Episode 23 The Chips Bill is Set To Clear

The Chips Bill is Set To Clear, Episode 23, by Ron Cohen

This week we discuss how Senate Democrats are pursuing a narrower “BBB” without a significant tax title, how the Senate is set to clear pared-down CHIPS bill with tax break for US semiconductor makers and the Employee Retention Credit (ERC) is a refundable tax credit for businesses that retained their employees during the COVID-19 pandemic. Additionally we look at how the IRS is finally going after the OIC mills that are dishonest and take advantage of taxpayers’ lack of knowledge to make a quick buck.

The Chips Bill Show Notes:

https://www2.deloitte.com/us/en/pages/tax/articles/tax-news-and-views-newsletter.html

American Dreams

Please let us know if there are specific topics you’d like to hear about in future episodes.

Ron Cohen,

CPA, Partner at Greenstein, Rogoff, Olsen & Co., LLP  CPAs & Advisors
Email: rcohen@groco.com
510.797.8661

Tax update with Ron, episode 30

Click here to listen to more from Ron.

Click here, then scroll down, to see Ron’s bio.

To receive GROCO’s free newsletter, click here.

Click here to learn more about Greenstein, Rogoff, Olsen & Co., LLP (GROCO.com)  Advisors to the ultra-affluent.

Groco

IRS

How to Report 1099 Income; Effectively Managing Your Goals

How to Report 1099 Income

How to Report 1099 Income With the increase in bloggers, affiliate marketers, eBay sellers and other online business owners, the topic of reporting miscellaneous income and 1099 forms has been coming up a lot lately. While most people are aware they must report wages, salaries, interest, dividends, tips and commissions as income on their tax…

Got An Earn-Out?

Got An Earn-Out?

Got An Earn-Out? In Mergers & Acquisitions, Earn-Outs Can Be Beneficial — But Also Come With Risk By Kathryn K. Meier, Esq. Hoge, Fenton, Jones & Appel, Inc. What is an earn-out? An earn-out is an arrangement that requires the buyer of a business to pay the seller additional consideration if the business performs as…

Businesses May Increase Employee Compensation in Lieu of Reimbursing for Work-Related Expenses

Businesses May Increase Employee Compensation in Lieu of Reimbursing for Work-Related Expenses By Kathryn K. Meier, Esq. Hoge, Fenton, Jones & Appel, Inc. The California Supreme Court recently tested the boundaries of Labor Code section 2802, ruling that employers may increase employee compensation by a fixed amount instead of reimbursing employees for work-related expenses. California…

Buying a Distressed Business: Ten Tips for Entrepreneurs

Buying a Distressed Business: Ten Tips for Entrepreneurs

Buying a Distressed Business: Ten Tips for Entrepreneurs By Scott Edward Walker Strategic Law Partners, LLP Now that the “easy-credit” party has presumably ended, there will likely be extraordinary opportunities for entrepreneurs to buy distressed (i.e., financially-troubled) businesses at bargain prices. Buying a distressed business, however, is tricky stuff and raises a host of significant…