Remote work capabilities have changed where we work; innovative technologies have changed how we work; and the push for more flexible schedules has changed when we work. Developing an agile workplace strategy can unlock value in multiple areas by increasing employee engagement, improving recruitment and retention, and improving operations in ways that bolster company-wide success.
Businesses are facing ongoing disruption and we are all are struggling to get stuff done. Company leaders must contend with the pandemic’s health threat and the challenges of managing a remote workforce, as well as supply chain disruptions, demand shifts, resource constraints and more, all while devising critical plans for the road ahead. Here are actionable steps you might consider to help your team get stuff done in the current business climate.
For most, a new year brings thoughts of resolutions and new beginnings. For CPAs, it means the start of another busy tax filing season. In this article reprinted from East End Living Magazine, DMLO President Chris Ward covers items of interest for both 2020 individual returns, and things to keep in mind for 2021.
While the flexibility offered by the CARES Act can alleviate short-term financial strains, employers have an important role to play in helping employees understand the long-term impact of CARES Act loans and Coronavirus-related distributions or CRDs on retirement savings and their overall retirement strategy.
In welcome news for nonproft organizations that were not eligible for the ERC in 2020 due to receiving a PPP loan, the Consolidated Appropriations Act, 2021 retroactively eliminates this limitation and extends and enhances the ERC through the first two quarters of 2021.
Proficient chess players begin each game with a clear strategy that prepares multiple moves in advance. This same approach of strategic forethought, flexibility and responsiveness are best practices for succession planning in a family business as well.
The CAA or Consolidated Appropriations Act, 2021 includes two tax relief acts that directly impact individual taxpayers. First is the COVID-related Tax Relief Act of 2020 (CRTRA), which provides an additional recovery rebate for individuals. The second is the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (TCDTRA).
The Consolidated Appropriates Act, 2021 contains significant enhancements and improvements to the Employee Retention Credit (ERC).
The Consolidated Appropriations Act, 2021 addresses tax provisions related to the PPP which could have consequences for state and local tax.