The IRS recently provided updates on the status of Employee Retention Credit (ERC) claims. In this #AnchinAlert, Martin Arking, and Joseph Molloy, CPA, provide insights into the IRS’s latest actions, including valid payments, disallowance letters, and ongoing audits, to help businesses stay informed and compliant. https://lnkd.in/epwXFcbn #ERC #IRS #TaxCredits
Anchin Advisory Services Group
Accounting
New York, New York 367 followers
Nobody can predict the future, but you can be prepared when it arrives with Anchin’s Advisory Services.
About us
Anchin’s comprehensive suite of advisory services provides business owners, investment funds and high-net-worth families with on-demand resources to make the most of every opportunity and reduce risk. In addition to our tax and compliance work, we provide an array of services in Tax Advisory, Business & Risk Advisory, and Technology & Data Advisory. Our Advisory teams act as an extension of your internal staff and other advisors to ensure that we incorporate valuable input from all sources involved. Count on our dedicated team to help you navigate risk, overcome challenges, and make better-informed decisions. Tax Advisory: We consider the best tax structures for you from every angle, including international, federal, state and local regulations. From identifying opportunities to guiding you through the filing process, we take the complexity out of tax credits and incentives, viewing the long-term path of your business, and helping you towards your goals. Business & Risk Advisory: Any business in transition is vulnerable. We deliver expertise, stability and peace of mind. From structuring a deal to finding executive talent, to creating an exit plan or leadership transition strategy, we help you anticipate obstacles, negotiate successful outcomes and maintain your forward momentum. We can guide you through the best options for you, your employees and your company. Technology & Data Advisory: Wherever you are in your digital transformation journey, we make it easier and far less risky. We streamline key business processes to improve operations so you can focus on generating revenue; assess your potential risks and give you the strategies, advice and tools to manage it; and also target, pursue and eliminate potential threats before they become a problem.
- Website
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https://www.anchin.com/services/advisory/
External link for Anchin Advisory Services Group
- Industry
- Accounting
- Company size
- 201-500 employees
- Headquarters
- New York, New York
Updates
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Anchin Advisory Services Group reposted this
We are excited to announce that Brian Sanvidge, Principal and Leader of Regulatory Compliance and Investigations, will be attending the 19th Annual TMA Northeast Regional Conference on August 28, in Saratoga Springs, New York. This event brings together leading professionals in the turnaround and restructuring industry, offering valuable opportunities for networking and insights into the latest trends. We look forward to connecting with industry peers. If you’re attending, let us know in the comments below #TMAConference #B2BNetworking
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Understanding financial and tax considerations is critical when managing mergers and acquisitions (M&A) in the technology sector. In this #AnchinAlert Partner & Leader, Chris Noble highlights key areas tech companies must carefully evaluate to ensure a smooth transaction process and minimize post-transaction risks. https://lnkd.in/e-kAnaWi #Tech #DueDiligence #MandA #MergersandAcquisitions
What Technology Companies Should Know About Due Diligence - Anchin, Block & Anchin LLP
https://www.anchin.com
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Ensuring your company is well-prepared for potential deals in the dynamic landscape of mergers and acquisitions is paramount. A crucial aspect of this readiness involves meticulous documentation and organization of financial information. By diligently following the comprehensive checklist provided below, you can streamline the due diligence process, and your company can be prepared for the rigors of due diligence, offering insights into financial health and positioning you for success in any prospective transaction. #MergersAndAcquisitions #DueDiligence #ConsumerProducts #CPG
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Owning a commercial property requires constantly managing costs and increasing cash flow to maximize overall return on investment. Most owners and landlords scrutinize expenses and operational expenditures to run their property as lean as possible. However, many overlook the potential advantages offered by a cost segregation study, a tax incentive designed specifically for commercial real estate owners to minimize tax liabilities and maximize cash flow. Let us help you enhance your cash flow and strengthen your investment portfolios. Reach out to Anchin today to learn more! https://lnkd.in/eXS-HAQK
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Transform your approach to financial planning and analysis (FP&A) and drive your business forward with key strategies and insights to enhance budgeting, forecasting, and reporting. Unlock the full potential of your business with Anchin’s comprehensive FP&A Guide. Get your free guide today! https://lnkd.in/eQPcJKzd
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The PCAOB’s spotlight on generative AI in auditing highlights several key points for CFOs. Global firms are leading in AI deployment, with data security as a top concern. Human auditors remain essential, with AI seen as a tool to augment their work. Strict guidelines are in place to ensure accuracy, and risks like data reliability are still being assessed. https://lnkd.in/eyCVXtpG #GenerativeAI #AuditInnovation #DataSecurity #CFOInsights #AIinAuditing
5 CFO takeaways from PCAOB’s generative AI spotlight
cfo.com
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The IRS has announced additional actions to expedite Employee Retention Credit (ERC) payments while intensifying audits and compliance efforts to prevent improper claims. As part of this initiative, the IRS has issued 28,000 disallowance letters, preventing up to $5 billion in improper payments, and has begun processing 50,000 valid claims. The IRS continues to monitor the situation closely, offering an appeals process for denied claims and pursuing criminal investigations into fraudulent activities related to ERC claims. https://lnkd.in/gVez3jfB #ERCTaxCredits #IRSUpdates #TaxCompliance #ERCClaims
IRS moves forward with Employee Retention Credit claims: Agency accelerates work on complex credit as more payments move into processing; vigilance, monitoring continues on potentially improper claims
irs.gov
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The IRS has released a new draft of Form 6765, used by U.S. businesses to claim Research and Development (R&D) tax credits. The updated form includes several changes, such as additional questions and requirements for documenting business components and qualified research expenditures. While the recent changes will alleviate some taxpayer burden, companies should still dedicate significant time to ensure compliance with the new requirements, particularly as the changes become mandatory for the 2025 tax year. https://lnkd.in/eNrrzZzF
IRS Releases Draft of New Form 6765
https://www.anchin.com
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Anchin is here to help your business thrive by aligning your accounting and finance functions with your goals. Our Client Accounting Advisory Services (CAS) offer tailored solutions across various industries, including public relations, technology, real estate, consumer products, construction, manufacturing, and staffing agencies. Why Partner with Us? Reclaim Time: Many companies have found outsourcing accounting services creates efficiency and focus by saving time and resources otherwise spent on training and employing staff. Gain Expertise: Opting for a highly rated independent accounting firm with industry expertise, instead of training and trusting junior-level employees with the important task of running the accounting and finance function is the preferred option for many companies. Save Money: Improving cash flow, maximizing efficiency, minimizing costs, and identifying optimal tax savings opportunities all add significant value. Let us help you make informed decisions and achieve sustainable growth. Reach out to Anchin today to learn more! https://lnkd.in/eXS-HAQK
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