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Posts published in January 2025

Employee Retention Tax Credit Processing Update – Most Serious Problem

Published January 28, 2025 by Romeo Chicco
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Employee Retention Tax Credit Processing Update – Most Serious Problem

Each year in January, the Taxpayer Advocate Service (TAS) presents its annual report to Congress, consisting of a summary of the ten most serious problems encountered by taxpayers each year. It may not be any surprise to those waiting for their Employee Retention Tax Credit (ERC) refund, but the most serious problems reported for this year are the IRS delays, inefficiencies and lack of transparency in their processing of these claims. Created in 1996 by Congress, the TAS is an independent organization within the IRS; their job is to ensure that every taxpayer is treated fairly under the Taxpayer Bill…

Mandated OSHA Reporting Begins February 1

Published January 21, 2025 by Romeo Chicco
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Mandated OSHA Reporting Begins February 1

OSHA Recordkeeping and Reporting Begins February 1 The Occupational Safety and Health Act of 1970 created the Occupational Safety and Health Administration (OSHA) to ensure safe and healthful working conditions for workers. It is a division of the U.S. Department of Labor and they set and enforce standards, as well as reporting requirements. In short, it is one more set of government regulations many businesses will need to comply with, or otherwise, face penalties. Form 300A Posting Requirement From February 1 to April 30, 2025, covered employers* with 11 or more employees at any time in 2024, must post OSHA…