by Michael Hogberg EA | Oct 15, 2024 | Enforcement Updates, Federal Tax, Updates
Properly classifying workers, withholding the correct taxes, and timely filing and paying employment taxes are fundamental responsibilities for any business owner. Failing to do so can lead to serious legal consequences, as evidenced by a recent IRS Criminal...
by Michael Hogberg EA | Sep 18, 2024 | Enforcement Updates, Updates
A recent case in Ohio highlights the risks of working with dishonest tax return preparers and the severe consequences they face for manipulating tax filings. In this instance, an Ohio tax return preparer and his businesses were permanently barred from preparing...
by Michael Hogberg EA | Sep 11, 2024 | Enforcement Updates, Updates
A recent case in Arizona highlights the severe consequences of misusing federal assistance programs and falsifying tax filings. This case serves as a critical reminder for business owners and individuals of the importance of honesty and accuracy in all dealings with...
by Michael Hogberg EA | Aug 21, 2024 | Enforcement Updates, Federal Tax, Tax Reminders, Updates
The IRS has reopened its Voluntary Disclosure Program (VDP) for a limited time, giving businesses that made improper Employee Retention Credit (ERC) claims a crucial opportunity to come forward and correct their mistakes. This program, which runs through November 22,...
by Michael Hogberg EA | Jul 24, 2024 | Enforcement Updates, Updates
A recent indictment in West Virginia serves as a powerful reminder of the serious consequences for business owners who fail to meet their tax obligations. The case highlights the risks of neglecting both employment tax responsibilities and personal tax filings. While...
by Michael Hogberg EA | Aug 1, 2023 | Enforcement Updates, Expert Analysis, Federal Tax
Ascendancy is committed to providing expert tax planning and compliance services to businesses across various industries. In this case study, we shed light on a real-life scenario that emphasizes the importance of accurate bookkeeping and the consequences of...