Many businesses have undergone strategic shifts during the pandemic–ensure that change is within the scope of accounting rules for discontinued operations.Read More
Archive for the ‘COVID-19 Resourcecs’ 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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Election 2020: Where Do the Candidates Stand on Business Tax Issues?
Business taxes are a major issue in this year’s presidential election. Here’s a summary of how the 2020 tax platforms measure up on business-related issuesRead 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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Taxes on Roth IRA Withdrawals Today
In the COVID-19 era, one possible source of extra cash is your Roth IRA. But, beware, some Roth account withdrawals may not be tax-free.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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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
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Paid Family and Medical Leave Under the Families First Act
The Families First Act requires certain employers to provide paid family and medical leave to employees unable to work due to COVID-19 concerns.Read More