by angieduran | Dec 9, 2020 | Uncategorized
Many employers, particularly large companies, pride themselves on being transparent about how and with whom they do business. The term “transparency,” however, isn’t limited to this widely discussed and debated topic. It also applies to group health plans. More...
by angieduran | Dec 7, 2020 | Uncategorized
As we approach the end of the year, it’s a good time to think about whether your business needs to buy business equipment and other depreciable property. If so, you may benefit from the Section 179 depreciation tax deduction for business property. The election...
by angieduran | Dec 4, 2020 | Uncategorized
In response to the COVID-19 pandemic, the federal government enacted legislation that includes deferral of the employer’s portion of Social Security tax. The IRS then significantly revised Form 941-X, “Adjusted Employer’s Quarterly Federal Tax Return or Claim for...
by angieduran | Nov 25, 2020 | Uncategorized
In observance of Thanksgiving, our offices will be closed from Wednesday, November 25th through Sunday, November 29th. We will resume normal business hours on Monday, November 30th.
by angieduran | Nov 24, 2020 | Uncategorized
S corporations can provide tax advantages over C corporations in the right circumstances. This is true if you expect that the business will incur losses in its early years because shareholders in a C corporation generally get no tax benefit from such losses....
by angieduran | Nov 20, 2020 | Uncategorized
The IRS recently released 2021 cost-of-living adjustments (COLAs) for a wide variety of tax-related limits, including those related to many popular fringe benefits. Here are some highlights to be aware of: Health Flexible Spending Accounts (FSAs). For 2021, the dollar...
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