Planning ahead for 2024: Should your 401(k) help employees with emergencies?
September 13, 2023
Next year, a new provision kicks in that may allow businesses to help employees in financial emergencies through their retirement plans. Here are the details.
IRS to employers: Examine your ESOPs!
September 12, 2023
Many of today’s employers sponsor employee stock ownership plans, popularly known as ESOPs. The IRS recently sounded an alert about potential compliance issues with these plans. Details here.
Navigating the percentage-of-completion method
September 11, 2023
The accounting rules for reporting income from long-term contracts for book and tax purposes can be confusing. Here’s a brief overview of the accounting rules.
Update on depreciating business assets
September 7, 2023
Inflation has some beneficial side effects. One is that the amount of depreciation tax breaks your business can claim has increased for 2023. Here are the rules.
Plan now for year-end gifts with the gift tax annual exclusion
September 6, 2023
The estate and gift tax exemption amount is scheduled to be cut drastically in 2026 when the related Tax Cuts and Jobs Act provisions expire (unless Congress acts to extend them). Making tax-free gifts before then can cut the size of your taxable estate and may be one way to address this potential threat.
Many employers struggle with return-to-office programs
September 5, 2023
Employers: Do you have a “return-to-office” program in place? If so, it’s critical to monitor how well the program is working. Recent surveys indicate many employers aren’t doing so well with theirs.
