With fall arriving, it’s time for businesses to start thinking about year-end tax strategies. It’s also time to think about the fourth quarter 2020 tax filing deadlines.
Tax implications of working from home and collecting unemployment
Have you lost your job and collecting unemployment? Or are you fortunate to be working from home because of the pandemic? Both of these situations could have tax implications.
Employers have questions and concerns about deferring employees’ Social Security taxes
The IRS has issued guidance to implement the deferral of the employee share of Social Security tax. But employers still have questions and concerns about whether, and how, to implement the deferral.
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.
The IRS issues guidance on the executive action deferring payroll taxes
The IRS has issued guidance on the payroll tax deferral scheduled to begin on September 1. Here’s what it says.
The President’s action to defer payroll taxes: What does it mean for your business?
You may have heard the President has taken executive action to defer the employee portion of some workers’ Social Security taxes. Here’s a look at the issue.
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.
What does the executive action deferring payroll taxes mean for employers and employees?
Using an executive action, President Trump defers payroll taxes from Sept. 1 through the end of the year. But there are many unanswered questions.
Businesses: Get ready for the new Form 1099-NEC
A tax form that used to be filed back in the 1980s is coming back for 2020. Here’s what businesses need to know.