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Provision Business Services LLC

A Professional Bookkeeping Firm

Located in Albuquerque, Serving all of New Mexico


Covid Related Tax Credits:  Employee Retention Tax Credit

Covid Related Tax Credits: Employee Retention Tax Credit

Sometimes, reading all the details of tax programs can be overwhelming.  Here’s a brief summary of the Employee Retention Tax Credit.  It is a refundable credit against some employment taxes with a limit of 50% of qualified wages.  This applies to wages paid...

Not paying payroll taxes can result in criminal charges

In the July 2015 issue of The General Ledger, a newsletter published by the American Institute of Professional Bookkeepers, they warn that the IRS is now pursuing criminal charges against businesses that fail to pay payroll taxes.  This is a new, harder approach than...

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