The IRS issued Announcement 2024-3 on December 21, 2023 to roll out the Voluntary Disclosure Program. The program is a process to pay back the ERC credit for recipients who believe they received it in error.
Effective from January 1, 2024, new and existing business entities (with exceptions) must comply with
the CTA
The return and growth of demand for transportation services are promising for the industry, but with rising costs, it is important to keep up with industry trends to stay profitable. Here are five things transportation companies should focus on as we move through 2022:
The school bus industry has recently experienced a moderate level of technological change and development.
Analyzing overhead is a critical process that businesses undertake to optimize cost efficiency and ensure effective resource allocation. Overhead costs consist of a wide range of non-direct expenses incurred during the production or operation of goods and services.
The IRS has released notice that they will be suspending the processing of new claims for the Employee Retention Credit (ERC) for the remainder of 2023.