What tweaks might be needed to your year-end tax planning now that the presidential election is over?
What do the 2021 cost-of-living adjustment numbers mean for you?
The IRS has announced its 2021 cost-of-living adjustments to tax amounts that might affect you. Many increased to account for inflation, but some remained at 2020 levels. As you implement 2020 year-end tax planning strategies, be sure to take these 2021 adjustments into account in your planning. Also,…more
Year-end tax planning strategies must take business turbulence into account
As 2020 winds down, it’s time for businesses to take stock of their tax situations and implement year-end tax planning strategies.
Unusual year steers year-end tax strategies
Interested in reducing your 2020 tax liability? There’s still time to take these year-end tax planning steps.
Compare and contrast: How do the Republican and Democratic tax plans differ?
Even though taxes may not be the hottest topic of the upcoming presidential election, it’s worth your while to learn about each candidate’s tax proposals.
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.
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.
IRS guidance provides RMD rollover relief
IRS guidance has provided relief to individual taxpayers affected by COVID-19 who take distributions or loans from retirement plans and offers guidance to employers regarding the administration of loan relief.
PPP borrowers get concessions, additional guidance on forgiveness
The Paycheck Protection Program Flexibility Act eases PPP loan forgiveness restrictions. Here are the details of the law, along with some recent guidance for borrowers.