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Employee Retention Credit

Employee Retention Credit

Qualification Questionnaire: To determine if your organization qualifies for an Employee Retention Credit for 2020 answer the following questions: Did the business employ fewer than 100 employees in 2019?Was the business fully or partially shut down by government...

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The American Rescue Plan Act

The American Rescue Plan Act

The American Rescue Plan Act passes with many tax components. Click on the link below to see how some of the major provisions may effect you or your business. Feel free to contact us for more information. https://lnkd.in/esQBWxD

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Do you qualify for an R&D Tax Credit?

Do you qualify for an R&D Tax Credit?

If you think your company might qualify for the R&D tax credit, don’t let the potential tax savings go unclaimed.  Any business that is currently improving or creating new or improved products, processes, or technology can potentially take advantage of the...

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PP2 – Definition of Gross Receipts

The recently passed stimulus bill included the creation of PPP2 which provides that if an Employer has fewer than 300 employees and experienced a decline in Gross Receipts of 25% or more in any 2020 calendar quarter they could apply for a “Second Draw” under the...

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Can you qualify for a medical expense tax deduction?

Can you qualify for a medical expense tax deduction?

You may be able to deduct some of your medical expenses, including prescription drugs, on your federal tax return. However, the rules make it hard for many people to qualify. But with proper planning, you may be able to time discretionary medical expenses to your...

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Maximize your 401(k) plan to save for retirement

Maximize your 401(k) plan to save for retirement

Contributing to a tax-advantaged retirement plan can help you reduce taxes and save for retirement. If your employer offers a 401(k) or Roth 401(k) plan, contributing to it is a smart way to build a substantial sum of money. If you’re not already contributing the...

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2020 – 11/20

2020 – 11/20

The IRS has provided a safe harbor for deducting expenses if a Paycheck Protection Program (PPP) loan isn’t forgiven. The safe harbor allows a taxpayer to claim a 2020 deduction for deductible eligible expenses if they received a PPP loan that: 1) the taxpayer expects...

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Pay Your Bill

The Watermark Group is pleased to offer payment options on our online payment portal.

Please contact us at payments@thewatermarkgrp.com with any questions.

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E-Check

Electronic Funds Transfer – Bank Transfer without Fees

Credit Card

Includes a 3% Surcharge