President Biden’s tax plan
Taxpayers should familiarize with Biden’s plan, remain vigilant for developments and position themselves to act at the appropriate times.
Taxpayers should familiarize with Biden’s plan, remain vigilant for developments and position themselves to act at the appropriate times.
The Employee Retention Tax Credit was significantly expanded by the federal relief and stimulus package finalized Dec. 27, 2020.
In response to the COVID-19 pandemic, Notice 2021-7 allows taxpayers to switch valuation methods for employer-provided vehicles.
Some common paid time off (PTO) policy features cause taxable income to unexpected parties at unexpected times. Learn more here.
PPP borrowers, especially fiscal year taxpayers, should consider extending tax returns and delay loan forgiveness filing (unless necessary).
PPP borrowers cannot deduct business expenses funded by a forgiven loan, but additional legislative action could permit such deductions.
The FASB will propose an ASU that would provide a goodwill impairment triggering event alternative for certain entities.
The SEC recently issued a final rule to address difficulties and confusion in applying the exempt offering framework.
Section 1202 could provide small business investors with a complete exemption of gain realized from the sale of QSB stock.
A recently released mortality improvement scale should be considered when measuring benefit plan costs and obligations.