Feb.5, 2021
Educators can now deduct out-of-pocket expenses for COVID-19 protective items
On February 4, 2021, the IRS announced (Rev. Proc. 2021-15 PDF) that eligible educators can deduct unreimbursed expenses...
Sep.23, 2020
COVID-19 Tax Implications: Working from Home and Collecting Unemployment
COVID-19 has changed our lives in many ways, and some of the changes have tax implications. Here is basic information ab...
Jun.24, 2020
What qualifies as “coronavirus-related distributions” from a retirement plan?
As you may have heard, the Coronavirus Aid, Relief and Economic Security (CARES) Act allows “qualified” people to take c...
Nov.15, 2019
FASB Delays Effective Date for Accounting Standards
In July 2019, the Financial Accounting Standards Board (FASB) unanimously approved to propose delaying the effective dat...
Nov.4, 2019
Fraud in the Construction Industry
Do you consider your construction company too small to being susceptible to fraud? According to the Association of Certi...
Nov.3, 2019
Small businesses: Stay clear of a severe payroll tax penalty
One of the most laborious tasks for small businesses is managing payroll. But it’s critical that you not only withhold t...