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...
When It Comes to Trusts, Silence May Be Golden
Dec 17, 2020The 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...
Contractors: Act Now to Plug Cybersecurity Holes
Dec 17, 2020The coronavirus pandemic has forced many construction companies to embrace a more distributed workforce. Employees who can work remotely are keeping connected w...
FAQs About COVID-19 Tax-Free Disaster Relief Payments
Dec 17, 2020Many people are struggling to make ends meet during the COVID-19 pandemic. Fortunately, some individuals qualify for federal-income-tax-free disaster relief and...
Is EEOC Enforcement Reform Coming?
Dec 17, 2020Although the Equal Opportunity Employment Commission (EEOC) is intended to be nonpartisan, run by a five-member Commission, a president can appoint a new chairm...
Beware: Several CARES Act Tax Provisions Will Soon Expire
Dec 03, 2020The CARES Act granted several valuable federal tax breaks for individuals and businesses. But most will expire at the end of 2020 or at the end of tax years tha...
PPP Loan Not Forgiven? There’s a Safe Harbor for Deducting Expenses
Dec 03, 2020The IRS recently issued guidance that provides a safe harbor allowing certain taxpayers to claim a deduction in 2020 for some otherwise deductible eligible expe...
Overtime Pay Rules for Fluctuating Workweeks
Dec 03, 2020If you pay employees who are nonexempt and who have fluctuating workweeks, there’s a formula you can use to calculate their overtime pay. The formula is l...
Should You Buy or Lease Equipment?
Dec 03, 2020If your business is in a position to acquire equipment or machinery, management faces a tough decision: Should you lease it, or should you buy it? There’s...
Year-End Estate Planning Tips for 2020
Dec 03, 2020Most people aren’t currently exposed to the federal estate tax, thanks to the generous unified federal estate and gift tax exemptions. However, there are ...