Figure Financial, Author at Figure Financial

Federal Bar Association’s 2024 Tax Law Conference: Recap and Remarks

Written by Caitlin Rieser, Esq. The in-person 2024 Tax Law Conference hosted by the Federal Bar Association in Washington D.C. began with a panel discussion on the Tax Relief for American Families and Workers Act of 2024, an act that has been top of mind for many tax practitioners as of late. One of the… Continue reading Federal Bar Association’s 2024 Tax Law Conference: Recap and Remarks

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February 21, 2024

Uncorking the Benefits: How the R&D Tax Credit Can Benefit Wineries, Breweries, and Distilleries

Research & Development (R&D)

In the innovative world of winemaking, brewing, and distilling, creativity and experimentation are not just passions—they’re business practices. For wineries, breweries, and distilleries, the Research & Development (R&D) Tax Credit offers a unique opportunity to turn these creative efforts into valuable financial advantages. What is the R&D Tax Credit? The Research & Development Tax Credit,… Continue reading Uncorking the Benefits: How the R&D Tax Credit Can Benefit Wineries, Breweries, and Distilleries

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February 7, 2024

TAX UPDATE: TAX RELIEF FOR AMERICAN FAMILIES AND WORKERS ACT OF 2024

I. Introduction On January 31, 2024, the House passed the Tax Relief for American Families and Workers Act of 2024 (the “Act”); the Act is now off to the Senate and will hopefully receive a vote before their recess begins on February 12th. The Act covers a variety of tax topics, including the child tax… Continue reading TAX UPDATE: TAX RELIEF FOR AMERICAN FAMILIES AND WORKERS ACT OF 2024

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January 17, 2024

COVID-19 Tax Credit for 1099 & Self-Employed Business Owners

Calling all independent contractors and self-employed business owners! The Families First Coronavirus Response Act (FFCRA) was passed by Congress in April 2020 to provide financial support for self-employed individuals (sole proprietors, 1099 contractors, freelance workers, etc.). If you couldn’t work (including teleworking) due to certain COVID-19-related reasons, the FFCRA gives you a special credit to… Continue reading COVID-19 Tax Credit for 1099 & Self-Employed Business Owners

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January 5, 2024

Small Business Alert

Effective January 1, 2024, the Corporate Transparency Act (CTA) requires most business entities to file an initial report with the Financial Crimes Enforcement Network (FinCEN) to disclose the entity’s beneficial owners (a “BOI Report”). Entities that existed before January 1, 2024, have until January 1, 2025, to comply. What does the new rule require? The… Continue reading Small Business Alert

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December 27, 2023

IRS Updates on the New ERC Voluntary Disclosure Program (VDP)

IRS Updates on the New ERC Voluntary Disclosure Program (VDP) By Ashlee Hall, Esq., Director of Legal Services for Figure Financial, Inc. More information on the new ERC Voluntary Disclosure Program (VDP) and the rights the IRS requires the taxpayer to give up in exchange. Taxpayers should never take the prospect of waiving rights to the government… Continue reading IRS Updates on the New ERC Voluntary Disclosure Program (VDP)

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December 13, 2023

Seasonal Smarts: Leverage the Holidays for Tax and Finance Planning

Seasonal Smarts: Leverage the Holidays for Tax and Finance Planning The holiday season, with its spirit of giving and reflection, is the perfect backdrop for some savvy financial planning. As the year winds down, taking a moment away from the festivities to focus on your taxes and finances can lead to substantial savings and a… Continue reading Seasonal Smarts: Leverage the Holidays for Tax and Finance Planning

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December 6, 2023

Year-End Strategies: Setting Up Your Business for Success in 2024

Year-End Strategies: Setting Up Your Business for Success in 2024 As the final quarter of the year unfolds, businesses are presented with a crucial opportunity to lay the groundwork for success in 2024. Q4 is not just about closing out the year; it’s about strategic positioning for the future. Let’s delve into essential activities that… Continue reading Year-End Strategies: Setting Up Your Business for Success in 2024

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November 29, 2023

Leveraging Tax Credits for Strategic Tax Planning: A Guide for Small Businesses and Startups

Welcome to our latest blog post, where we delve into the world of strategic tax planning, focusing on how utilizing tax credits can lead to significant savings. As a specialty tax firm, we understand the complexities faced by small businesses and startups. Our specialty tax service is designed to navigate these challenges, ensuring that you… Continue reading Leveraging Tax Credits for Strategic Tax Planning: A Guide for Small Businesses and Startups

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November 22, 2023

How Philanthropy Results in Smart Tax Savings

How Philanthropy Results in Smart Tax Savings As the holiday season approaches, remember it is also the season of giving! Did you know your giving spirit can lead to smart tax savings? Here’s how: Charitable Deductions: Donate to qualified nonprofits and lower your taxable income, reducing your tax bill while supporting your passion. Charitable donations… Continue reading How Philanthropy Results in Smart Tax Savings

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