If you benefited from advance Child Tax Credit payments or the third round of Economic Impact Payments, watch your mail for a letter from the IRS.
With the Dec. 31 hardship distribution amendment deadline approaching, plan sponsors should act quickly to review plan operations and amend plan documents as needed.
The annual BDO nonprofit benchmarking survey takes a deep dive into how organizations are emerging from a tumultuous year and includes snapshot reports specific to revenue earnings, health and human services organizations, education organizations, grantmakers and public charities.
Despite the delays and uncertainty around exactly what tax changes final legislation will contain, there are actions that businesses can consider taking to minimize their tax liabilities, which are highlighted in this guide.
It’s time for year-end tax planning – individuals should review 2021 and 2022 tax situations and identify opportunities for reducing, deferring, or accelerating tax obligations.
The House passes Build Back Better Act – a $1.9 trillion bill to address Biden’s human infrastructure priorities.
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.
EPCRS consists of the Self Correction Program (SCP), the Voluntary Correction Program (VCP), and the Audit Closing Agreement Program (CAP).
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.
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.
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.
Impacts of the chip shortage will ripple through global supply chains for years to come. This interview addresses some key steps to help preserve business continuity.
Customer demand for convenience and flawless digital experiences are on the rise and further fueled by the pandemic. How can the restaurant of the future meet these challenges and thrive?
HHS is making available $25.5 billion in new healthcare provider relief funding for those affected by the pandemic, with a focus on equity.
Financial wellness tools offered by employers may have varying levels of impact for different generations.
On August 6, 2021, the IRS announced that no 2020 Form 5500 is required for employers who in 2021 retroactively adopt a tax-qualified retirement plan for 2020.
The IRS issued Notice 2021-49 on August 4, 2021, providing long-awaited employee retention credit guidance for employers that have taken or are considering taking the ERC.
The Treasury and IRS are providing a gross receipts safe harbor for employers seeking to claim the Employee Retention Credit (ERC), allowing the exclusion of certain amounts in determining eligibility for the credit.
The PPP Form 3509 Loan Necessity Questionnaire (Form 3510 for nonprofits) is no longer required for loan forgiveness.
Many taxpayers will automatically receive monthly advance child tax credit payments beginning July 15th; however, this may not be beneficial for everyone. The deadline to unenroll is June 28th.
