The latest information for employees and employers regarding tax deadlines, paid sick leave, FICA and more.
HAVEN'T FILED YOUR 2019 TAX RETURN YET?
The CARES Act, which passed in 2020, includes some retroactive tax relief for businesses. Some provisions may be beneficial on a tax return that hasn't been filed yet (or you may be able to take advantage of them on an amended return if you already filed).
If you hold an interest in a business, or may do so in the future, be aware that the CARES Act has made changes to excess business losses
There have been recent accounting standard updates (ASU) provided by the Financial Accounting Standards Board (FASB) that went into effect in which non-profits would have to address liquidity and management’s plan over their fiscal policies.
There are many advantages to Health Savings Accounts (HSAs). Here are a few of them, along with the HSA inflation-adjusted amounts for the 2021 calendar year.
The recently enacted SECURE Act includes a new requirement for employers that sponsor tax-favored defined contribution retirement plans that are subject to ERISA.
Since the U.S. Supreme Court’s landmark 2018 decision in South Dakota v. Wayfair, most states have enacted, begun enforcing or proposed “economic nexus” statutes. These statutes impose sales tax collection obligations on out-of-state sellers based on their economic activities in the state, regardless of whether they have a physical presence in that state. This article discusses the effects of Wayfair, including the concept of “nexus” and steps that businesses must take to comply with state laws.
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