IRS continues to address COVID-related leave
July 9, 2021
Employers may still be able to claim the paid sick leave or paid family leave tax credits provided under the American Rescue Plan Act. However, you’ll need to substantiate eligibility carefully.
10 facts about the pass-through deduction for qualified business income
July 6, 2021
Owners of “pass-through” businesses can claim a valuable tax deduction that was created by a 2017 law. Here’s how much it’s worth and who is eligible.
Be prepared for 401(k) casualty loss hardship distribution requests
July 2, 2021
Employers: If you sponsor a 401(k) plan, don’t be surprised if a participant requests a hardship distribution to repair home damage. Here’s what you’ll need to do.
Auditing WIP
July 2, 2021
Accounting estimates attract special attention from auditors. Work in progress is a common example of an account that’s based on management’s estimates. Here’s a closer look.
An S corporation could cut your self-employment tax
May 17, 2021
Business owners that operate as an S corporation are subject to income tax, but not self-employment tax, on their share of the entity’s income. Here’s how the rules work.
Receivables may be a source of cash in tough times
May 7, 2021
Is your business having trouble getting customers to pay on time? Here are five effective ways to maximize collections and minimize write-offs.
