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05 Oct

Reinforce Protection of Your Company’s Mobile Devices

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October 1, 2020

Whether it’s a smart phone, tablet or laptop, mobile devices have become the constant companions of today’s employees. And this relationship has only been further cemented by the COVID-19 pandemic, which has thousands working...

04 Oct

Federal Tax

Final Regulations on Meals & Entertainment

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October 2, 2020

The IRS has issued final regulations on the business expense deduction for meals and entertainment. The Tax Cuts and Jobs Act generally eliminated the deduction for expenses related to activities generally considered entertainment or...

03 Oct

Federal Tax, Helpful COVID-19 Links

IRS Tips for Starting a New Business

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October 1, 2020

In an economy rocked by the COVID-19 crisis, many taxpayers need a new way to earn income. If starting a new business is your goal, the IRS offers some helpful tips on actions you’ll...

01 Oct

Individual Tax

Why It’s Important to Plan for Income Taxes as Part of Your Estate Plan

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estate taxes
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May 5, 2022

As a result of the current estate tax exemption amount ($11.58 million in 2020), many estates no longer need to be concerned with federal estate tax. Before 2011, a much smaller amount resulted in...

30 Sep

Federal Tax

Final Regulations on Withholding for Retirement & Annuity Payments

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September 29, 2020

Final IRS regulations have been issued on the federal income tax withholding for certain periodic retirement and annuity payments. The final regs update the rules for payments made after Dec. 31, 2020. Prior to...

28 Sep

Employer, Families First Coronavirus Response Act

DOL Revises Rules on Paid Sick and Family Leave Related to COVID-19

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September 28, 2020

In August, a federal trial court invalidated several provisions of the U.S. Department of Labor’s (DOL’s) temporary regulations that implemented the paid leave provisions of the Families First Coronavirus Response Act (FFCRA). By way...

28 Sep

Federal Tax, Helpful COVID-19 Links

EIP Registration Deadline

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September 28, 2020

Reminder: Sept. 30, 2020, is the end of the registration period for individuals who receive federal benefits, such as Social Security, but didn’t receive the $500-per-child portion of the COVID-19-related Economic Impact Payment (EIP)....

28 Sep

Business

IRS Announces Per Diem Rates for Business Travel

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September 25, 2020

In Notice 2020-71, the IRS recently announced per diem rates that can be used to substantiate the amount of business expenses incurred for travel away from home on or after October 1, 2020. Employers...

27 Sep

Federal Tax, SBA

PPP Loan Forgiveness Guidance

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September 24, 2020

The IRS announced that lenders who make Paycheck Protection Program (PPP) loans that are later forgiven under the CARES Act shouldn’t file information returns or furnish statements to report the forgiveness. Generally, the tax...

26 Sep

Federal Tax

IRS Regulations on 100% Bonus Depreciation

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September 24, 2020

The IRS has issued another set of final regulations on the additional first-year depreciation deduction, otherwise known as 100% bonus depreciation. The deduction generally applies to qualifying property acquired and placed into service after...

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Posts by cgadmin

Reinforce Protection of Your Company’s Mobile Devices

Final Regulations on Meals & Entertainment

IRS Tips for Starting a New Business

Why It’s Important to Plan for Income Taxes as Part of Your Estate Plan

Final Regulations on Withholding for Retirement & Annuity Payments

DOL Revises Rules on Paid Sick and Family Leave Related to COVID-19

EIP Registration Deadline

IRS Announces Per Diem Rates for Business Travel

PPP Loan Forgiveness Guidance

IRS Regulations on 100% Bonus Depreciation