CARES Act Provides More Tax Relief for Businesses
On 3/27/20, President Trump signed into law another coronavirus (COVID-19) law. The CARES Act provides more tax […]
Coronavirus Tax Relief for Small Businesses
Businesses across the country are being affected by the worldwide pandemic. Fortunately, Congress recently passed Coronavirus tax relief for small businesses. In a separate development, the IRS has issued […]
Tax Credit for Businesses Whose Employees Receive Tips
Are you an employer who owns a business where tipping is customary for providing food and beverages? You may qualify for a tax credit for businesses involving […]
Tax Limits Affecting Businesses Increased for 2020
How much can your employees contribute to 401(k) plans this year? How much do employees have to earn in 2020 before they can stop paying Social […]
2020 Business Mileage Rates Decrease
This year, the optional 2020 business mileage rates used to calculate the deductible costs of operating an automobile for business decreased by one-half cent, […]
Employers Must Disclose Retirement Income to Employees
As you’ve probably heard, a new law was recently passed with a wide range of retirement plan changes for employers and individuals. One of […]
SECURE Act Helps Secure Employees Retirement
A significant law was recently passed that adds tax breaks and makes changes to employer-provided retirement plans. If your small business has a current plan for employees […]
Highlights of Tax Laws Passed at Year-End
While you were celebrating the holidays, you may not have noticed that Congress passed a law with a grab bag of provisions that […]
Post-Wayfair Sales Tax Obligations
In its 2018 decision in South Dakota v. Wayfair, the U.S. Supreme Court upheld South Dakota’s “economic nexus” statute, expanding the power […]
Tax Implications of Environmental Cleanup
If your company faces the need to “remediate” or clean up environmental contamination, the money you spend can be deductible on your tax return as […]
