Author name: Frank Holzenthal, CPA, CGMA

The long awaited guidance of the Employee Retention Credit has finally been released.  Wegmann Dazet’s Frank Holzenthal, CPA summarizes the new ERC guidance issued by the IRS. The first section of the new ERC guidance issued gives guidance on provisions related to the ERC for the 3rd and 4th quarters of 2021, and the second […]

We read through 5,600 pages of the Consolidated Appropriations Act of 2021 to bring you the most important facts. In order to help you and your business navigate through the uncharted waters of Washington’s response to the pandemic, we provide the economic and tax impacts. The bill includes both expansions of existing legislation as well

There are benefits to taking advantage of net operating losses (NOLs) for business and individuals, and here Frank Holzenthal summarizes the recent IRS guidance to the NOL changes and important dates to consider. The CARES Act includes changes to the tax treatment of NOLs, which occur when tax deductions exceed its taxable income within a

TIME TO LOOK BACK – a Carryback for Cash During these financially challenging times, many of us are looking forward to days of normalcy. But Wegmann Dazet’s Frank Holzenthal says maybe you should be looking back! That’s correct; in fact, the CARES Act allows you the opportunity to get some much needed cash in your

We read CARES, so you don’t have to! From individual stimulus checks to employer payroll taxes, and from retirement account withdrawals to alcohol excise taxes, Wegmann Dazet’s Frank Holzenthal provides an important summary of TEN federal tax benefits resulting from the recently passed Coronavirus Aid, Relief, and Economic Security (“CARES”) Act.   Economic Stimulus Payments