In an era where corporate transparency and accountability are paramount, the Corporate Transparency Act (CTA) stands as a significant milestone in the United States’ efforts to combat money laundering, corruption, and illicit financial activities. Enacted in January...
Demystifying the Corporate Transparency Act: A Guide for Businesses
Combating Payroll Tax Evasion and Workers’ Compensation Fraud in the Construction Industry
30 Years of Connecting with Cerini & Associates, LLP
Employee Retention Tax Credit (ERC) Updates
Cerini Connection: Artificial Intelligence and How to Leverage it
New York State’s Minimum Wage Increases and Indexing to Inflation
2023 Business Trends
Are Bonuses Really Taxed Higher?
Quoted in Newsday: Treasury’s new small business rule: They’re taking names
Delays of Pandemic Relief for Businesses Continue
Due to delays at the Internal Revenue Service, businesses and organizations are still waiting for the pandemic relief that was promised during the COVID-19 outbreak. Many of them need this money to keep their doors open and employees paid. According to a report issued late last month (link here), the IRS is behind in processing claims for Sick and Family leave Credits and Employee Retention Tax Credit (“ERTC”) for as much as 12 months, while other claims for such things as Social Security Tax Deferral have been delayed for some 16 months.
Combating Payroll Tax Evasion and Workers’ Compensation Fraud in the Construction Industry
Aug 21, 2023
In recent times, the Financial Crimes Enforcement Network (FinCEN) has sounded the alarm about an alarming rise in payroll tax evasion and workers' compensation fraud within the residential and commercial real estate construction sectors in the United States. This...
30 Years of Connecting with Cerini & Associates, LLP
Aug 2, 2023
Celebrate Cerini & Associates, LLP's 30th Anniversary with Ken Cerini, Founder & Managing Partner! Today, we celebrate a milestone: the 30th Anniversary of Cerini & Associates, LLP. From a humble garage start-up to a leading firm with seven partners and...
Employee Retention Tax Credit (ERC) Updates
Aug 1, 2023
Enacted as part of the CARES Act in April 2020 and expanded as part of the Taxpayer Certainty and Disaster Tax Relief Act, American Rescue Plan Act (ARPA) and the Infrastructure Investment and Jobs Act, the Employee Retention Tax Credit (ERC or ERTC) has been a...
Cerini Connection: Artificial Intelligence and How to Leverage it
Jun 13, 2023
June 2023 Cerini Connection Topic: Artificial Intelligence and How to Leverage it Join Edward McWilliams and guest Paul Trapani of LISTnet for our monthly webinar series helping businesses and nonprofits! This discussion will answer: Is artificial intelligence really...
New York State’s Minimum Wage Increases and Indexing to Inflation
May 8, 2023
On May 6, 2023, Governor Kathy Hochul announced an plan to continue to increase New York State's minimum wage for three years and then tie future increases to inflation. The plan is part of the FY 2024 budget agreement and is set to help low-wage New Yorkers keep up...
2023 Business Trends
Mar 10, 2023
As the business world continues to evolve at a breakneck pace, keeping up with the latest trends has never been more critical. Here are some of the more significant trends shaping the economy, leadership, new technology, and staffing issues in today’s business...
Are Bonuses Really Taxed Higher?
Dec 20, 2022
It is the end of the calendar year and the holiday season which can mean for many employees their employer will be looking to reward a year of hard work with year-end bonuses. Both employees and employers can often be shocked and saddened when they see the net pay...
Quoted in Newsday: Treasury’s new small business rule: They’re taking names
Oct 20, 2022
Edward McWilliams was quoted in Newsday. You can read the article on Newsday's website here or below: The U.S. Treasury Department has issued a final rule that would create a new database containing personal ownership information that an estimated 32 million small...