If your business received Employee Retention Credit funds in 2023 or a prior year, you may need to amend a previously filed income tax return.
CalSavers Retirement Savings Program
Eligible California employers with 1–4 employees must register with CalSavers or certify an exemption by December 31, 2025.
Beneficial Ownership Information Reports
Under the Corporate Transparency Act , most small businesses must file Beneficial Ownership Information (BOI) reports by January 25, 2025.
Information Returns Intake System (IRIS)
If you file 10 or more information returns, such as 1099s, you must file them electronically. To help with this process, the IRS has created a new, free online portal called the Information Returns Intake System (IRIS) Taxpayer Portal.
Clean Vehicle Tax Credit
Effective April 18, 2023, there are new requirements to qualify for a federal clean vehicle tax credit. Our tax team highlights some of these changes in our latest blog post.
A ChatGPT Experiment
CWDL is paying close attention to the advancements in artificial intelligence. How will it revolutionize the way we operate?
Consider a Passthrough Entity Tax Credit
The start of the new year brings another opportunity to consider electing into a passthrough entity tax credit.
Employee Retention Credit
CWDL can help you determine if your business is eligible to claim the Employee Retention Credit and understand the true tax savings available.
Webinar Summary: Opportunities to Increase Profitability and Resiliency
CWDL hosted a webinar to discuss how lenders can manage costs and uncover opportunities to be profitable over the next 6-18 months as they weather market volatility. Download a summary of the key takeaways from this discussion.
Summary of ASC 842, Leases
ASC 842 is now effective for private companies and nonprofit organizations with annual reporting periods beginning after December 15, 2021.