DSB Rock Island

Besides averting a financial crisis by suspending the debt ceiling until 2025, the Fiscal Responsiblity Act signed into law by President Biden last Saturday includes provisions to tackle discretionary spending: buff.ly/3J1zmmH

On May 31, the U.S. House of Representatives passed a bill to suspend the debt ceiling through Jan. 1, 2025. The bill now heads to the Senate, where it’s expected to pass soon to avoid a U.S. government default.

Don't forget - Tuesday, April 18th isn't just the 2022 tax filing deadline; it's also the deadline for the first estimated tax payment for 2023! buff.ly/419F1hC

From snow on the Hollywood sign to tornados, this year has already seen numerous unusual weather and natural disasters. If you live in a state where a natural disaster has occurred, check buff.ly/2D66xpS to see if there are any IRS provisions for tax relief.

California taxpayers and businesses in disaster areas affected by weather events that began Mar. 9, 2023 have until Oct. 16, 2023 to make tax payments and file various tax returns, including 2022 individual tax returns due Apr. 18, 2023. buff.ly/3njlDj3

Business Owners: Be aware of Employee Retention Credit (ERC) scammers who dangle the prospect of a large tax refund by claiming the ERC, often charging a large up-front fee. Contact our ERC specialists with questions. For more information from the IRS: buff.ly/3ZU6EKK

! SCAM ALERT ! In a new social media scam, scammers encourage people to use tax software to manually fill out Form W-2 and include false income information; then instruct them to file the bogus tax return electronically in hopes of a large refund. buff.ly/3ZrThRX

Now hiring: HR Manager. Come grow with us! buff.ly/3ZnEkAh #Hiring #HRManager

Small business owners: if you believe your business was eligible for COVID-19 tax credits that were available to certain employers during the pandemic, you may still be able to claim them by filing Form 944-X. Contact us about how to proceed. #TaxCredit #Covid19 #SmallBusinessCPA

Could influencer marketing be right for your business? Before you jump in, explore the risks and rewards. buff.ly/41mBTiQ #StrategicBusinessPlanning #SocialMediaMarketing #InfluencerMarketing

The Minnesota Department of Revenue is offering a free webinar about the Pass-Through Entity Tax (PTE) for business owners: TOMORROW, Tuesday, Feb. 14, 10:00 a.m. - 11:00 a.m. Register here: buff.ly/3YKQmmz

In the Feb. 7 State of the Union address, President Biden called for quadrupling the tax on corporate stock buybacks. But with Republicans in control of the U.S. House, it’s unlikely Biden’s proposal will go anywhere soon. What do you think?

Looking for a way to make better HR decisions? One way to better manage strategic HR decisions is to conduct a strengths, weaknesses, opportunities and threats (SWOT) analysis. Call us for help.

The IRS estimates that 20% of taxpayers who are eligible for the Earned Income Tax Credit don't claim it. For more about eligibility for the EITC and other often unclaimed tax credits: irs.gov/eitc

Taxpayers must answer a digital asset question and report all digital asset-related income when they file their 2022 income tax returns. All taxpayers must answer the question regardless of whether they engaged in transactions involving digital assets. buff.ly/3wB9EyF