Is it time for a sales and use tax check-up?

  One area of taxation that has seen significant change in the last few years is sales and use tax. Wegmann Dazet’s Allison Civello, CPA explains that due to changes to sales tax nexus, some businesses might not be paying required use taxes, or they might be paying the tax to the wrong jurisdiction, or… Read More

IRS Urges Caution with Schemes Promising ERC Help

The IRS on October 19 issued IR-2022-183, warning employers to be wary of promotions for the employee retention credit (ERC) that sound too good to be true. According to the IRS, some third-party firms are taking aggressive and even improper positions when determining eligibility for ERC and calculating the credit. While these offers to prepare ERC… Read More

It’s Busy Season Again – Hurricane Busy Season!

Wegmann Dazet Senior Manager Anita Zimmer, CPA, ABV, CFF gives some advice to business owners to be prepared: a hurricane busy season may lead to a business interruption claim.   In the public accounting world, we refer to the period of February through April as busy season. With the lingering disturbance along the Gulf Coast… Read More

PLANNING FOR THE SOLAR ENERGY INVESTMENT TAX CREDIT: IRS Construction deadlines and qualifying percentages

  Solar energy Investment Tax Credit aside, solar energy is a popular choice for businesses looking to reduce their carbon footprint through alternative energy sources. In addition to supporting a company’s environmental, social, and governance (ESG) strategy, converting to solar energy potentially can lock-in lower energy rates. Our friends at BDO explain in this article… Read More