Getting a divorce? Be aware of tax implications if you own a business
August 24, 2021
Divorce may have tax implications for the spouses involved, especially if one or both of them owns a business. Here are some of the issues involved.
Leave tax credits are available for employees who help others get vaccinated
August 23, 2021
Employers may be able to claim paid sick leave or paid family leave credits for employees who help others get vaccinated. However, there are strict eligibility criteria.
Private companies: Are you on track to meet the 2022 deadline for the updated lease standard?
August 20, 2021
Coming soon: Private companies and nonprofits that rent equipment, vehicles and real estate will need to update their accounting systems for major changes to the rules for long-term leases under U.S. GAAP.
Possible tax consequences of guaranteeing a loan to your corporation
August 18, 2021
If your corporation defaults on a loan that you guarantee, you don’t want to be blindsided by the tax implications.
IRS provides guidance on ARPA changes to pensions
August 17, 2021
Some employers still offer defined benefit pension plans. If you’re one of them, be sure to review changes explained in new IRS guidance.
Large cash transactions with your business must be reported to the IRS
August 10, 2021
Certain types of businesses receive large payments of cash. They may be required to report the transactions to the IRS. Here are the rules.
