Sagemont Tax brings a leadership team of former “Big 4” firms and top consulting professionals that are credentialed and tenured, with decades of experience in both advising taxpayers on complex tax transactions and tax positions, as well as representing clients in front of the IRS.
Overview While most private club managers or operators have previously evaluated the merits of the Employee Retention Credit (ERC) for…
Did your company begin operations between February 15, 2020, and December 31, 2021? Did your business also have W-2 payroll…
In launching Sagemont Tax, CEO Kenneth (“Kenny”) Dettman knew he had to plan ahead to pivot and expand service offerings…
On September 14th the Internal Revenue Service (“IRS”) announced a moratorium on the processing of Employee Retention Credit (“ERC”) claims…
The COVID-19 pandemic forced many businesses to cease operations due to government mandates and thus severely limited the opportunity to…
By now, many business owners and C-suite executives have heard about the Employee Retention Credit (ERC). Released in March 2020,…
As most CPAs already know, the Employee Retention Credit (ERC) is a federal payroll tax credit paid to businesses that…
Based on our understanding, the IRS uses several methods to select Employee Retention Credit (ERC) applications for audit and,…
Written for Colorado Dental Association By Kyle Morabito, Esq., Chief Legal Officer and Managing Director at Sagemont Tax During the…
The latest trending questions answered by Sagemont Tax’s Managing Directors; JJ Budzik, JD, Maxwell Burns, and Kyle Morabito. Does the…
IRS Hard Line on ERC Eligibility Earns Kudos From Tax Pros Published on Jul. 24, 2023, by Caitlin Mullaney, Legal…
1. Will claiming the Employee Retention Credit create taxable income (or reduce a loss)? Yes. IRS Notice 2021-20 provides that…
Whether you already filed for the Employee Retention Credit (ERC) or didn’t file certain quarters because you believed your organization…
With all the misconceptions surrounding the Employee Retention Credit (ERC), employers are understandably overwhelmed by the idea of applying for…
Dear Friends of Sagemont Tax, Since my last client newsletter, Sagemont Tax celebrated its second birthday while the original…
The increasing popularity of the Employee Retention Credit (ERC) has led to the proliferation of newly minted ERC service providers…
When the COVID-19 pandemic began, numerous businesses were forced to full or partial shut down due to adherence to COVID-19…
In March 2020, the Employee Retention Credit (ERC) was established to assist businesses that suffered economic impact, financial losses, or…
Charitable giving reached a record high of $471 billion in 2020[1], which is an incredible testament to the work and…
Quick Highlights: Many U.S. charitable organizations have dismissed the possibility of Employee Retention Credit (“ERC”) eligibility due to stable or…
Business owners and managers that have or are interested in claiming the Employee Retention Credit, should carefully scrutinize any advisory…
Key Takeaways: A nonprofit organization (“NPO”) may recognize Employee Retention Credit (ERC) in the year the NPO claims the ERC,…
As 2023 shapes up, what Sagemont Tax projects or milestones are you looking forward to? All of our Managing…
Dear Clients and Friends of Sagemont Tax, As I reflect on the recent close of 2022 and the first full…
In the wake of the recent increase in the popularity of the Employee Retention Credit (ERC), many business owners have…
Kenneth Dettman, Sagemont Tax CEO, joins Lorena Tomasini, owner of MALM Life and Health Insurance Agency, on her podcast to…
We asked our Managing Directors: Max Burns, JJ Budzik, JD, and Kyle Morabito a few questions reflecting back on 2022…
In a recent press release (click here), Sagemont Tax highlighted common traits to look for to identify possible “ERC mills”…
On October 19, 2022, the Internal Revenue Service (IRS) publicly released a warning to employers “to be wary of third-parties…
Sagemont Tax, LLC. shows support for The Willie Fund at this year’s 50th Anniversary of Falmouth Road Race by making…
One of the most common misconceptions concerning eligibility for the Employee Retention Credit (“ERC”) relates to whether a business must…
This past September, Sagemont Tax founder, Casey Finigan created a non-profit in memory of her father, who passed away the…
FALSE. One of the most enjoyable ERC myths to dispel has been that the employer-size thresholds governed by the PPP…
Under the original ERC legislation released with the CARES Act, a somewhat obscure “look-forward” rule was introduced that effectively prescribed…
