How Biden's American Rescue Plan Might Impact Your Taxes

How Biden's American Rescue Plan Might Impact Your Taxes

President Biden released his “American Rescue Plan” on January 14. It is a wish list of proposals to address the COVID-19 pandemic and economic crisis.
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Updated Guidance on the Employee Payroll Tax Deferral

In late January, the IRS updated Notice 2020-65. The update reflects the changed tax deferral rules contained in the Consolidated Appropriations Act (CAA).
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What You Need to Know about Taxes on Partners and Partnerships

What You Need to Know about Taxes on Partners and Partnerships

Taxation of partners and partnerships can stump you. In a given year, you may pay taxes on more partnership income than you received from the partnership.
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IRS Issues Final Regs on ICHRAs. Here’s What You Need to Know

The IRS has issued final regs that clarify the application of employer shared responsibility provisions under the ACA. The regs also address ICHRAs.
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New Form 1099-NEC and Revised 1099-MISC Deadline Are Approaching

New Form 1099-NEC and Revised 1099-MISC Deadline Are Approaching

Payers must complete Form 1099-NEC to report any payment of $600 or more to a recipient. Use Form 1099-MISC to report certain other payments to recipients.
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Actually, a Recession is a Great Time to Launch That New Startup

Actually, a Recession is a Great Time to Launch That New Startup

Should entrepreneurs worry about a potential recession? Maybe not. The state of the global economy may not directly impact your startup.
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PPP Loans Have Reopened: Let’s Review the Tax Consequences

PPP Loans Have Reopened: Let’s Review the Tax Consequences

The SBA announced that the PPP reopened the week of January 11. Are you wondering about the tax consequences of PPP loans received during the pandemic?
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Employers Should Not Overlook Invisible Disabilities

Employers Should Not Overlook Invisible Disabilities

Invisible disabilities can affect an employee’s ability to do his or her job. When overlooked or misunderstood, they might lead to employment conflicts.
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