This alert is intended primarily for residents of Vermont and certain counties in Florida. Last week, the IRS announced postponement of certain tax filing deadlines for taxpayers affected by Hurricane Debby. This announcement impacts many states, and in particular all counties in Vermont and some in Florida. The postponement applies to tax returns and payments […]
Alert
Information Regarding New Corporate Transparency Act (CTA)
This bulletin was written by GFC’s legal counsel, Gravel & Shea. Questions regarding CTA requirements should be directed to your business or organization’s legal counsel, as the CTA is a legal matter and not a tax filing matter. Corporate Transparency Act On January 1, 2024, the Corporate Transparency Act (the “CTA”) took effect, imposing reporting […]
Important Information Regarding Employee Retention Credits (ERC)
There are important recent developments related to Employee Retention Credits (ERC) that we feel clients should be aware of. We strongly encourage clients who used third-party providers to claim ERCs understand how they specifically qualify for the ERC program and also have the necessary documentation and analysis to support an IRS audit in the future. […]
Tax extension for Vermont individuals and businesses affected by flooding
The information below applies to Vermont taxpayers only. You can disregard this notice if you are not a Vermont business or individual taxpayer. The IRS has provided tax filing relief for taxpayers that reside or have a business in Vermont affected by flooding. Affected individuals and businesses now have until November 15, 2023 to file […]
