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All About Manufacturing & Distribution (5)

IRS Halts Processing of New Employee Retention Credit Claims

The IRS announced a moratorium on the popular Employee Retention Credit through at least the end of 2023. Here’s what you need to know about the moratorium.
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Your Business May Need to Comply With New Corporate Transparency Act

In February 2025, the deadline to file Business Ownership Information (BOI) was extended. Read more here. There’s a new law that should be on the radar screen of most small- and medium-sized business owners. The Corporate Transparency Act (CTA),...
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Tax Credits for New Electric Vehicles Purchased In 2023

If you’re one of the half million Americans who purchased an electric vehicle so far in 2023, you might be eligible for a tax credit.
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Maryland Manufacturers Can Apply for Grants Up to $500,000

Eligible Maryland manufacturing businesses can receive up to $500,000 in state funding as part of the Maryland Manufacturing 4.0 Grant Program. The program supports manufacturing businesses that invest in cutting-edge technologies to remain competitive...
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FASB Issues Guidance On How to Account for Related Party Leases

There’s new guidance for businesses and nonprofits that are subject to the relatively new lease accounting standard.
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Beware of Employee Retention Credit Scams

If advertisements about the Employee Retention Credit (ERC) have grabbed your attention, you’re not alone. Scammers have jumped on the opportunity to convince business owners to claim this potentially lucrative tax credit. Here’s what you need to know...
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