Antares Group to close offices until April 1 amid COVID-19 outbreak
The spread and impact of COVID-19 is wide-reaching and evolving daily. We are continuing to monitor the developments of the outbreak and how this affects our clients and our staff. We are taking the appropriate steps, as recommended by the CDC and WHO, to support the ongoing health and safety of our employees, their families, our clients and the surrounding communities. […]
COVID-19 checklist for restaurant owners
As we continue to monitor the updates regarding the COVID-19 and the impact that it is having in our industry, we at Antares Group have put together a checklist of things that you may want to consider. As you know, circumstances are changing daily. We will continue to monitor the situation and keep you advised about […]
IRS Tax Tip: Tax credit available for parents who adopt
Taxpayers who adopted or started the adoption process during 2019 should review the rules around the adoption credit. While the amount of the credit increases for qualified taxpayers, the rules remain the same. Here are some facts to help people understand the credit and if they can claim it when filing their taxes: The maximum […]
Give your 401(k) plan a checkup at least once a year
In many industries, offering a 401(k) plan is a competitive necessity. If you don’t offer one and a competitor does, it could mean the difference in a job candidate’s decision to accept their offer over yours. It could even send employees heading for the door. If you do not currently have a retirement plan for […]
IRS Tax Tip: 5 steps to protect against identity theft
All taxpayers should make sure they’re doing everything they can to prevent a thief from stealing their identity. Tax-related ID theft occurs when someone uses a taxpayer’s stolen personal information to file a tax return claiming a fraudulent refund. The thieves use personal information like a stolen Social Security number. The IRS and its partners […]
Work Opportunity Tax Credit extended through 2020
If you’re a business owner, be aware that a recent tax law extended a credit for hiring individuals from one or more targeted groups. Employers can qualify for a valuable tax credit known as the Work Opportunity Tax Credit (WOTC). The WOTC was set to expire on December 31, 2019. But a new law passed […]
IRS Tax Tip: Gather records early for a smoother tax season
As taxpayers are getting ready to file their taxes, one of the first things they’ll do is gather their records. To avoid refund delays, taxpayers should gather all year-end income documents before filing a 2019 tax return. It’s important for folks to have all the needed documents on hand before starting to prepare their return. […]
Do you run your business from home? You might be eligible for home office deductions
If you’re self-employed and work out of an office in your home, you may be entitled to home office deductions. However, you must satisfy strict rules. If you qualify, you can deduct the “direct expenses” of the home office. This includes the costs of painting or repairing the home office and depreciation deductions for furniture […]
IRS Tax Tip: Common errors taxpayers should avoid
Filing a tax return electronically reduces errors because the tax software does the math, flags common errors and prompts taxpayers for missing information. Using a reputable tax preparer – including certified public accountants, enrolled agents or other knowledgeable tax professionals – can also help avoid errors. Mistakes can result in a processing delay, which can mean it takes more […]
Does my working teen still qualify as a dependent on my taxes?
My teens got their first jobs this year. When do they no longer qualify as dependents? Is there an income maximum they shouldn’t exceed or else it has unpleasant tax repercussions for the parent? Whether you are the parent or the teen, landing that first job is a milestone for most families. While the younger […]