The IRS extends the federal income tax payment deadline

After U.S. Treasury Secretary Steven Mnuchin’s announcement that the deadline for paying federal income taxes would be extended, the IRS released guidance on March 18 outlining the details. IRS Notice 2020-17 follows up on President Trump’s Emergency Declaration that, among […]

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Age-Related Tax and Financial Planning Milestones

In an era of uncertainty, you can count on one thing: Time marches on. While you can’t beat Father Time, you can prepare for these age-related tax and financial planning milestones as you and your loved ones grow older.   AGE […]

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The IRS provides guidance on meal and entertainment deductions

The IRS has released proposed regulations addressing the deductibility of meal and entertainment expenses in tax years beginning after December 31, 2017. Among other things, the proposed regs clear up lingering confusion regarding whether meals are considered entertainment and, therefore, […]

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Federal Tax News

Is that the IRS at the door? IRS field revenue officers (ROs) have begun knocking on the doors of taxpayers with ongoing tax compliance issues. According to the IRS, these home visits (starting in AK, TX and WI) are made if […]

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Disaster Assistance Resources for Business

To our clients, friends, and community of small business owners, we would like to make you aware of the Disaster Assistance Resources for Business. In that light, we are sharing a press release from the Small Business Administration (SBA) in Washington, D.C. […]

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Cost of Capital: How Your Business Measures Up

The cost of capital is a key part of valuing a business under the discounted cash flow (DCF) method. Here, a business valuation expert discounts the subject company’s future earnings using the cost of capital. The cost of capital — […]

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What Employers Should Know About the SECURE Act

The Setting Every Community Up for Retirement Enhancement (SECURE) Act was mainly intended to help individuals save more for retirement. But the new law also contains provisions that help simplify the administration of retirement plans for employers and allow more […]

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