ADVERTISING DISCLOSURE: Some of the links on this blog post contain affiliate links. This means when you click the link and make a purchase, we may earn a commission at no extra cost to you. Thanks. Share: Ergedine Pericles, March 20, 2025 Introduction At Ergedine Pericles, CPA, PA, we understand the stress of last-minute tax preparation.… Read More
Share: Ergedine Pericles, February 24, 2025 What is the Trust Fund Recovery Penalty (TFRP)? Employers are required to withhold payroll taxes from employees’ wages and hold them “in trust” for the IRS. If these withheld funds are not remitted to the IRS, the IRS considers it a serious offense. The Trust Fund Recovery Penalty (TFRP)… Read More
Share: ADVERTISING DISCLOSURE: Some of the links on this blog post contain affiliate links. This means when you click the link and make a purchase, I may earn a commission at no extra cost to you. Thanks. Ergedine Pericles, February 24, 2025 Why Unpaid Payroll Taxes Are a Major Business Risk Unpaid payroll taxes can lead… Read More
Share: Ergedine Pericles, February 17, 2025 Unfiled tax returns can feel overwhelming, but addressing them promptly is crucial to avoid escalating penalties and potential IRS enforcement. This guide outlines the necessary steps to take and how a qualified tax professional can assist you in navigating the process. The Importance of Professional Help Dealing with unfiled… Read More
Share: Ergedine Pericles, December 4, 2024 This holiday season instead of spending beyond your means, give yourself the ultimate gift: freedom from IRS tax debt. Tackling your tax obligations now isn’t just about reducing debt—it’s about reclaiming peace of mind, protecting your assets, and starting the new year on a stronger financial footing. This holiday… Read More
Share: Introduction Just the word and logo IRS on an envelope could cause heart palpitations. You open the letter and see the word “Levy”. This means the IRS has or is in the process of legally seizing your assets to collect unpaid taxes. According to the IRS, millions of Americans face an IRS levy each… Read More
ADVERTISING DISCLOSURE: Some of the links on this blog post and/or newsletter contain affiliate links. This means when you click the link and make a purchase, I may earn a commission at no extra cost to you. Thanks. Share: Ergedine Pericles, March 27, 2024 Introduction In the realm of small business operations, efficient financial management stands… Read More
Share: According to the IRS, Statistics of Income Division, Publication 1304, January 2024 in the 2021 tax year, 33.73% of returns filed were Married Filing Jointly / Qualifying surviving spouse, 2.43% Married Filing Separately, 13.21% Head of Household and 50.63% Single. In the complex world of tax regulations, couples who elect “Married Filing Jointly” as… Read More
Share: As April 15th approaches, it’s essential to recognize the importance of filing an income tax return, even if you fall below the income threshold set annually by the IRS. While you may not be legally obligated to file due to income limitations, doing so can yield numerous benefits. There are six reasons why filing… Read More
Your Guide to Year-End Preparation and Business Success ADVERTISING DISCLOSURE: Some of the links on this blog post and/or newsletter contain affiliate links. This means when you click the link and make a purchase, I may earn a commission at no extra cost to you. Thanks. Share: Ergedine Pericles December 18, 2023 Introduction As the new… Read More