What Is “Transparency” of Health Care Coverage?
Many employers pride themselves on transparency about how and with whom they do business. "Transparency,” however, also applies to group health care plans.
IRS Releases Final Version of Form 941-X Related to COVID-19 Relief
The IRS significantly revised Form 941-X. This form allows for adjustments and corrections to COVID-19 tax relief on previously filed Forms 941
Employee Holiday Gifts May Be Taxable--What Employers Need to Know
Employers often give employees holiday gifts. If a gift is a de minimis fringe benefit, it is tax-free to employees and tax deductible by the employer.
COLAs Are Out for 2021’s Popular Fringe Benefits
The IRS released 2021 cost-of-living adjustments (COLAs) for a variety of tax-related limits. These include those related to many popular fringe benefits.
Preparing for 2021: Tax Planning Strategies for Small Business Owners
If you are a small business owner, every penny counts. So, you not only want to optimize your revenue but also minimize your expenses and your tax liability
Business website costs: How to handle them for tax purposes
The business use of websites is widespread. However, the IRS hasn’t yet issued formal guidance on when Internet business website costs can be deducted.
How to Report COVID-19-related Troubled Debt Restructurings (TDRs)
Banks are working with borrowers on loan modifications. Recent guidance confirms that short-term changes due to COVID-19 won’t be subject to rules for TDRs.