Just in Time for the Holidays: Pandemic Relief for Individuals
On December 21, Congress passed the Consolidated Appropriations Act of 2021 (CAA), which provides pandemic relief for individuals and businesses, as well as other tax and health-related provisions. White House aides had indicated that President Read More
Dec 23, 2020
Covid Relief – Second Act Stimulus
On Monday, December 21, 2020, Congress voted to approve a long-awaited stimulus related to the ongoing Covid-19 Coronavirus pandemic. The legislation is expected to be signed into law this week. The bill contains numerous provisions Read More
Dec 22, 2020
Current Individual Federal Income Tax Rate Scene
Here's an overview of the current individual tax rates under the Tax Cuts and Jobs Act (TCJA). Many of its provisions that affect individuals will expire in 2026, unless Congress extends them. Federal Income Read More
Dec 17, 2020
Tax Implications of Holding Precious Metal Assets in Your IRA
Given today's stock market valuations and historically low-interest rates on fixed-income investments, some IRA owners may be interested in moving some funds from equities and low-risk securities (such as Treasuries and money-market funds) to precious Read More
Dec 17, 2020
16 Sweet Cost-Cutting Measures for Businesses to Consider
Many small business owners are looking forward to the end of 2020. It's been a year of significant hardship and stress. But staying afloat remains a daunting challenge in 2021 and cost-cutting measures may be Read More
Dec 17, 2020
Will Your Work-From-Home Policy Continue, Post-Covid-19?
Earlier this year, employers were polled by Mercer, a global benefits consulting service, to give their preliminary thinking about flexible work arrangements in a post-pandemic environment. Their answers suggest that, in some cases, companies with employees Read More
Dec 17, 2020
Contending With the Patchwork of State Requirements for Nonprofits
Not-for-profits are held to strict reporting standards. For instance, your organization is required to annually file Form 990 with the IRS to preserve your tax–exempt status, among other requirements. But reporting isn't limited to the federal Read More
Dec 17, 2020
When It Comes to Trusts, Silence May Be Golden
The idea of leaving a significant inheritance to your children or grandchildren may give you pause. Could the promise of wealth make your heirs act financially irresponsible or reckless? Anticipating a cash cushion, will they neglect Read More
Dec 17, 2020
Contractors: Act Now to Plug Cybersecurity Holes
The coronavirus pandemic has forced many construction companies to embrace a more distributed workforce. Employees who can work remotely are keeping connected with online and mobile technology. Meanwhile, team members on jobsites may be accessing Read More
Dec 17, 2020
FAQs About COVID-19 Tax-Free Disaster Relief Payments
Many people are struggling to make ends meet during the COVID-19 pandemic. Fortunately, some individuals qualify for federal-income-tax-free disaster relief and disaster mitigation payments paid by some employers under Internal Revenue Code Section 139. Here Read More
Dec 17, 2020