Monthly Bulletins

If your business is now welcoming employees back in person or has just gotten back to full capacity due to the pandemic, know that you might find increased incidence of fraud. Criminals have been busy during the pandemic. So conduct a thorough risk assessment now and follow up on any suspicions — particularly if your business model has changed.

So far, the stock market in 2021 has been bullish overall. But you never know if and when values might plummet. Usually, when you sell an underperforming security that's held in a taxable brokerage firm account, it generates a tax-saving capital loss (within limits). But when the wash sale applies, the tax savings will be deferred. Here's how the rule works, including whether it applies to cryptocurrency losses.

The Per Diem Rates for 2021-2022 Are Announced The IRS has announced the special per diem rates, which are effective Oct. 1, 2021. Taxpayers may use these per diem rates to substantiate the amount of expenses for lodging, meals and […]

The cost of an insurance policy is mainly based on the probability that you'll file a claim while the coverage is in force. That's why long-term care policies generally have higher premiums than life insurance. But is that a reason to buy it? Finding the answer requires some digging and reflection on your part, but it's worth the effort. Here's more.

If you're looking for benefits that will help your company attract and retain employees, don't overlook group-term life insurance. As this article explains, it provides tax-favored coverage for rank-and-file workers, and you can carve out extra benefits for executives

The fate of the Build Back Better Act and the Bipartisan Infrastructure Bill remains uncertain as Congress continues negotiations. Here’s a list of the tax provisions that may affect you or your business.

The deadline for the third 2021 estimated tax payment is coming up on September 15. Changes in the economy brought by COVID-19 include a new crop of self-employed persons, such as gig-economy workers. Like most people with income that isn't […]

Last year, many people decided to take tax-favored coronavirus-related distributions from traditional IRAs under the CARES Act. This was a great way to obtain needed cash if you were adversely affected by the pandemic. But the tax reporting for these distributions and any subsequent recontributions can be confusing. Here's an overview of the rules and strategies to help you get the best federal income tax results

Have you taken advantage of the federal Payroll Protection Plan (PPP) loan program? If so, you may be counting on all or part of that loan to be forgiven like a federal grant. An important deadline is looming that you'll need to meet for your loan to be forgiven. If you miss that deadline, you'll need to repay your loan in full, plus interest, by the maturity date. Here are the details on how to apply for forgiveness and survive an audit of your PPP loan.

Fresh IRS guidance is available for employers claiming the Employee Retention Credit in the third and fourth quarters of 2021.

It's Back to School Tax-Free Weekend!

The SBA has eased the process of forgiving a PPP loan. Here’s how.