Keep up with the latest news in the world of accounting and finance.
As tax season kicks off on Feb. 12, 2021, the IRS wants to remind taxpayers of some points they might […]
Do you receive a refundable Health Coverage Tax Credit (HCTC)? This credit is for a part of the premiums paid […]
The IRS is opening the 2020 individual income tax return filing season on Feb. 12. (This is later than in […]
COVID-19 has caused widespread furloughs and layoffs. Fortunately, employers that keep workers on their payrolls are eligible for a refundable […]
Businesses that generally report payments to workers on Forms 1099-MISC will need to adapt. Beginning with the 2020 tax year, […]
If you’re self-employed and don’t have paycheck withholding, you probably have to make estimated tax payments. These payments must be […]
The Section 179 deduction provides a tax benefit to businesses, enabling them to claim immediate deductions for qualified assets, instead […]
Many employees save taxes by placing funds in their employer’s health or dependent care flexible spending arrangements (FSAs). It’s a […]
The Setting Every Community Up for Retirement Enhancement Act (SECURE Act) increased the maximum amount of an employee’s compensation, from […]
The IRS has offered clarification on the interaction of the COVID-19-related Employer Retention Credit (ERC) in acquisitions. Under the law, […]
The IRS has provided a safe harbor for deducting expenses if a Paycheck Protection Program (PPP) loan isn’t forgiven. The […]
Business owners know employee health care benefits are expensive. Therefore, your business may want to provide some of these benefits […]