Amid the COVID-19 crisis, it’s critical to stay atop a barrage of tax law changes that may affect quarterly and year-end reporting.Read More
Blog
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Relief From Not Making Employment Tax Deposits Due to COVID-19 Tax Credits
The coronavirus (COVID-19) crisis has resulted in unprecedented challenges for employers. Here are the details of some relief from the federal government.Read More
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The Employee Retention Tax Credit
The Employee Retention Credit is a refundable tax credit against certain employment taxes equal to 50 percent of the qualified wagesRead More
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New Law Retroactively Fixes QIP Drafting Mistake
The CARES Act contains a technical correction that makes real estate qualified improvement property eligible for faster depreciation.Read More
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Questions to Ask When Making COVID-19 Risk Disclosures
Efforts to contain the spread of the novel coronavirus (COVID-19) have led to suspension of many economic activities, putting unprecedented strain on businesses. The Securities and Exchange…Read More
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Coronavirus Related Tax Scams to Watch Out For
The IRS is warning taxpayers to beware of new coronavirus related tax scams concerning the forthcoming economic impact paymentsRead More
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Report the Employee Retention Credit on Return for 2nd Quarter of 2020
The IRS has provided guidance for taxpayers reporting the employee retention credit for certain employers subject to closure due to the COVID-19 crisisRead More
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Now May Be a Good Time for a Roth Conversion
Low market values may provide a tax-smart opportunity to convert your traditional IRA to a Roth IRA. Here are some factors to consider.Read More
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Answers to Questions About the Cares Act Employee Retention Tax Credit
As a business with employees, you may have questions about the new employee retention tax credit. Here are some answers.Read More
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Tax-Favored Coronavirus-Related Distributions
One CARES Act relief measure allows withdrawals of up to $100,000 from IRAs with no tax hit if those amounts are recontributed within three years.Read More