2021 Q1 Tax-Related Deadlines By: David M. Reape Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2021. Keep in mind that this list isn’t all-inclusive, so there may […]
Congress Passes $900 Billion COVID Relief Bill By: Tony LaNasa The U.S. Senate and House of Representatives passed a $900 billion COVID-19 relief bill 12/21, that provides $600 stimulus payments to individuals, adds $300 to extended weekly unemployment benefits, and provides […]
Update on $900 Billion Stimulus Bill Congress is set to vote on a $900 billion pandemic relief package, finally delivering long-sought cash to businesses and individuals. The package includes a new round of Paycheck Protection Program […]
HHS Begins Payment of over $24 Billion in Phase 3 Provider Relief Funds Health Resources and Services Administration (HRSA) has completed review of Phase 3 applications from the Provider Relief Fund (PRF) program and has begun to distribute $24.5 billion to over 70,000 […]
Prevent Retail Return Fraud From Damaging Holiday Profits By: Tony LaNasa For most retailers, this is the most profitable season of the year. However, customer returns in January can cut deeply into December revenues — particularly if the returns are fraudulent. […]
Drive More Savings to Your Business With the Heavy SUV Tax Break By: Kate Protsenko-Blake CPA If you are considering replacing a car that you’re using in your business, there are several tax implications to keep in mind. A cap on deductions Cars are subject to […]
Nonprofits: How to Acknowledge Donor Gifts By: Helen Weeber Holiday-inspired generosity and the desire to reduce tax liability makes the end of the year a busy time for charitable giving. According to Network for Good and other sources, approximately […]
When Investigating Fraud, Beware of Bias By: Tony LaNasa Despite our best intentions, almost everyone brings some bias to human interactions — even business owners and executives investigating fraud. Sometimes bias can lead to the right conclusion. However, bias […]
QBI Deduction Basics & a Tax Tip That Might Help You Qualify By: Ed Decker If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes this is referred to as the pass-through deduction or the […]
Your Nonprofit Board Must Remain Vigilant as Long as the Crisis Continues By: Helen Weeber It’s been a tough year for not-for-profits. Many have experienced an increased demand for services just as revenues have plummeted. Until the COVID-19 pandemic is over, your organization’s board of […]
How to Balance the Privacy Rights of Employers and Employees By: Tony LaNasa Most fraud-prevention guidance advises owners and managers to monitor employees. But what exactly does this mean? Are you legally entitled to monitor employee computer use? What about security cameras in […]
SBA Discloses Borrower Information Related to PPP Loans On December 1, 2020, The U.S. Small Business Administration (SBA) released detailed information about borrowers who had received Paycheck Protection Program (PPP) loans. U.S. District Judge James Boasberg ordered the […]