The Department of Labor has just issued a “field assistance bulletin” to remind employers of what’s required to monitor overtime for remote workersRead More
Archive for the ‘Accounting’ Category
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Avoid Personal Liability for Unpaid Federal Payroll Taxes
Though cash may be tight, employers should avoid the temptation to skimp on federal taxes that have been withheld from employees’ paychecks.Read More
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5 Key Points About Bonus Depreciation
Depreciating assets involves a complex area of tax law with implications for transactions other than simple asset acquisitions.Read More
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Individual Tax Matters in the 2020 Election
As the presidential candidates continue to hit the campaign trail, federal taxes will be a top concern for voters. Here’s an overview.Read More
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Levels of Assurance: Choosing the Right Option for Your Business Today
Here are some important factors to consider when evaluating whether your company’s current level of assurance is the best option.Read More
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CARES Act Made Changes to Excess Business Losses
If you hold an interest in a business, or may do so in the future, be aware that the CARES Act has made changes to excess business losses.Read More
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Beware: Retirement Plan Loan Defaults Can Be Costly
The COVID-19 pandemic has resulted in many people borrowing from their companies’ qualified retirement plans, but this should be used only as a last-resortRead More
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SALT Deductions for Maryland Pass-Through Entity Owners
Senate Bill 523 was passed, which authorized pass-through entities (PTEs) to elect to be taxed at the entity level for state income taxes.Read More
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The Possible Tax Consequences of PPP Loans
Businesses that received PPP loans should be aware of the tax consequences. Here’s a look at the issue.Read More