House Passes Build Back Better Act
The House passes Build Back Better Act – a $1.9 trillion bill to address Biden’s human infrastructure priorities.
November 23, 2021
Blog
Biden Signs Infrastructure Investment and Jobs Act
The Infrastructure Investment and Jobs Act, which will fund investment in improvements to the country’s roads, bridges, highways and Internet connections, was signed into law by President Biden last week. It includes several tax-related provisions.
November 22, 2021
Retirement Plan Corrections Options Available Through EPCRS
EPCRS consists of the Self Correction Program (SCP), the Voluntary Correction Program (VCP), and the Audit Closing Agreement Program (CAP).
November 16, 2021
Personal Use of Company Vehicle Rules Simplified
Personal use of a company vehicle generally results in taxable wages for employees. In January 2021, the IRS announced special COVID-19 relief retroactive for 2020, which is also available in 2021.
November 15, 2021
DMLO CPAs Seeking Staff Accountant – Tax
We have a great opportunity for a Staff Accountant – Tax to join our award-winning workplace.
November 12, 2021
Year-End Reminders: Fringe Benefits & Special Rules for 2% S Corp Shareholders
As 2021 draws to a close, employers should review whether they have properly included the value of common fringe benefits in their employees’ and (if applicable) 2% S corporation shareholders’ taxable wages. This is especially true for 2021, since COVID relief brought about a number of changes to the rules relating to traditional fringe benefits.
November 8, 2021
DMLO CPAs Named 1si Business of the Year (51+ Employees)
We were thrilled to be named the German American Bank Business of the Year (51+ employees) at the 1si ONCE Awards!
November 5, 2021
Build Back Better Act: Third Time’s the Charm?
A third version of the Build Back Better Act was released last week, which increases the state and local tax deduction, brings back many of the retirement proposals from the original 9/13 draft of the Act, and retains the surcharge on high-income individuals, estates and trusts from the 10/28 version.
November 4, 2021
White House Releases Framework for Build Back Better Act
After months of negotiations, the White House has released a framework for the Build Back Better Act, a $1.75 trillion package of social infrastructure measures paid for by tax increases.
November 2, 2021
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