2022 Tax Calendar
To help you make sure you don’t miss any important 2022 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due. Please review the calendar and let us know if you have any questions … Read more…
U.S. House Passes the Build Back Better Act
The U.S. House of Representatives passed a crucial part of President Biden’s agenda by a vote of 220-213 on November 19. The Build Back Better Act (BBBA) includes numerous provisions related to areas ranging from health care, climate change and … Read more…
Don’t forget to factor 2022 cost-of-living adjustments into your year-end tax planning
Please Note: This blog post contains information that is based on current law as of the date of publishing. This information is subject to change based on the outcomes of legislative negotiations. Please always consult with your CPA Advisor for … Read more…
The Infrastructure Investment & Jobs Act includes tax-related provisions you’ll want to know about
Please Note: This blog post contains information that is based on current law as of the date of publishing. This information is subject to change based on the outcomes of legislative negotiations. Please always consult with your CPA Advisor for … Read more…
Potential tax law changes hang over year-end tax planning for individuals
Please Note: This blog post contains information that is based on current law as of the date of publishing. This information is subject to change based on the outcomes of legislative negotiations. Please always consult with your CPA Advisor for … Read more…
Debate continues in Congress over proposed tax changes
Negotiations continue in Washington, D.C., over the future of President Biden’s agenda. Tax law changes may be ahead under two proposed laws, the Build Back Better Act (BBBA) and the Bipartisan Infrastructure Bill (BIB), also known as the Infrastructure Investment … Read more…
Disasters and your taxes: What you need to know
Homeowners and businesses across the country have experienced weather-related disasters in recent months. From hurricanes, tornadoes and other severe storms to the wildfires again raging in the West, natural disasters have led to significant losses for a wide swath of … Read more…
IRS Issues ERC Guidance as Congress Mulls Early Termination
The IRS has published new guidance on the Employee Retention Credit (ERC). The credit was created in March 2020 to encourage employers to keep their workforces intact during the COVID-19 pandemic. Notice 2021-49 addresses various issues, particularly those related to … Read more…
PPP Forgiveness & Repayment: What Businesses Need to Know Now
A critical deadline is approaching for many of the businesses that have received loans under the Paycheck Protection Program (PPP), which was created in March 2020 by the CARES Act. If these borrowers don’t take action before the deadline expires, … Read more…
Affordable Care Act Stands After Supreme Court Ruling
In recent years, many taxpayers and CPA firms filed protective claims to amend tax returns for potential changes to the Affordable Care Act (ACA). On Monday, June 21st, the Supreme Court decided that the plaintiffs from California vs. Texas (127 … Read more…
