The shift to a remote work environment will likely change the way employees work forever. By being intentional, adaptive and flexible, organizational leaders can help ensure that the current workforce is both productive and satisfied while continuing to recruit and retain top talent.
With the first 100 days in the rearview mirror, Biden Administration priorities are shifting to the future. Business leaders should prepare for swift movement in ESG, innovation, infrastructure, tax policy, and other areas of focus.
The American Rescue Plan Act of 2021 – or ARPA – includes expansion of the Child Tax Credit as well as the Child and Dependent Care Tax Credit.
Up to 1 in 5 job changes results in a missing participant; the DOL has issued guidance that addresses the fiduciary responsibilities of plan sponsors related to these plan participants and beneficiaries.
New guidance provides a safe harbor for PPP loan deductions for businesses that received PPP loans in the first round of relief but did not deduct otherwise eligible business expenses because they relied on now-superseded guidance.
The BDO 2021 Tax Outlook Survey reveals what 150 senior tax executives consider the top tax issues for 2021.
Rapid network expansion and deployment of remote devices to support telework by companies in response to a global pandemic has created an environment ripe for ransomware attacks.
The PPP Extension Act of 2021 provides a 60-day extension of the PPP loan application deadline, from March 31 to May 31, 2021.
While nearly everyone has been affected by the COVID-19 pandemic, the impact on financial wellness for women has been especially acute.
Plan sponsors must understand and comply with hardship distribution changes in both operations and plan documents before 12/31/21.
The CARES Act established the Provider Relief Fund for qualified providers of heathcare services & support to receive payments for healthcare-related expenses or lost revenue due to COVID-19. The funds come with unique compliance, reporting and audit requirements.
The Treasury Department and Internal Revenue Service have announced a tax deadline extension: the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021.
ARPA was signed into law by President Biden on March 11, 2021. The COVID-19 Relief package is one of the largest in U.S. history, with significant impact on both individuals and businesses.
Here are the top five PPP FAQs or most frequently asked questions, as new guidance and enhancements complicate the PPP loan process.
Plan sponsors should work with service providers to ensure that CARES Act loans errors as a result of provisions in the Act expiring are crorrected, or take advantage of federal self-correcting programs.
The “American Rescue Plan” $1.9 trillion COVID-relief bill / stimulus package is headed to President Biden to sign, and looks to make tax filing even more complex.
The Consolidated Appropriations Act, 2021 (CAA) addresses the interplay for businesses that intend to claim both the ERC and the research and development (R&D) tax credit.
The SBA has issued new guidance for PPP loans for self-employed individuals who file Form 1040, Schedule C, allowing them to calculate their maximum loan amount using gross income instead of net profit.
The IRS is urging employers to take advantage of the newly-extended employee retention credit or ERC – which makes it easier for businesses that have kept employees on the payroll despite challenges presented by COVID-19.
Answers to some of the most common employee benefit plan sponsor FAQs since passage of the CARES Act.