PPP and pandemic-related tips for not-for-profits https://bit.ly/3guDifH
Blog
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IRS to allow faxing of automatic method change requests
IRS to allow faxing of automatic method change requests https://bit.ly/2QMl79I
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4 tax and financial planning tips to share with clients
4 tax and financial planning tips to share with clients https://bit.ly/2Ggx8SU
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Why CPAs should care about RPA
Why CPAs should care about RPA https://bit.ly/3gRORwO
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ESOPs offer businesses a variety of potential benefits
Wouldn’t it be great if your employees worked as if they owned the company? An employee stock ownership plan (ESOP) could make this a reality. Under an ESOP, employee participants take part ownership of the business through a retirement savings… Read More
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Back-to-school tax breaks on the books
Despite the COVID-19 pandemic, students are going back to school this fall, either remotely, in-person or under a hybrid schedule. In any event, parents may be eligible for certain tax breaks to help defray the cost of education. Here is… Read More
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5 key points about bonus depreciation
Under current law, 100% bonus depreciation will be phased out in steps for property placed in service in calendar years 2023 through 2027. Thus, an 80% rate will apply to property placed in service in 2023, 60% in 2024, 40%… Read More
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Community has a new look. But we’re still connected
Community has a new look. But we’re still connected. https://bit.ly/3loz4ZI
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How nonprofits should classify their workers for tax purposes
Employees or independent contractors? It’s not only for-profit companies that struggle with the question of how to classify workers for federal tax purposes. Not-for-profit organizations must withhold and pay Social Security, Medicare and unemployment taxes for employees, but not for… Read More
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Helping employees understand their health care accounts
Many businesses now offer, as part of their health care benefits, various types of accounts that reimburse employees for medical expenses on a tax-advantaged basis. These include health Flexible Spending Accounts (FSAs), Health Reimbursement Arrangement (HRAs) and Health Savings Account… Read More