Newsletters
COVID-19 Emergency Paid Sick Leave Expired
Posted November 2021
Federal laws requiring employers to provide COVID-19 supplemental paid sick leave and voluntary sick leave credits expired on September 30, 2021.
Crypto Industry Update
Posted November 2021
The cryptocurrency firm Coinbase, Inc. joined several other crypto-entities in lobbying to draft their own cryptocurrency regulations before Congress regulates this fast evolving industry.
Private Placement Life Insurance May Shelter Income from Higher Taxes
Posted November 2021
Private placement life insurance (PPLI) combines the financial advantages of high income potential investments with the tax advantages of life insurance. But PPLI is not for everyone.
COBRA Changes that May Impact You
Posted November 2021
In April, 2021, the President signed the American Rescue Plan Act of 2021 (ARPA), creating a 100% COBRA premium subsidy and additional COBRA enrollment rights for certain employees (and their families) who have lost group health plan coverage due to an involuntary termination of employment or reduction of hours.
Deferred Charitable Giving
Posted September 2021
Deferred donations, often called deferred giving plans, usually allow you to retain the benefit of the donated funds while providing a gift to charity at a later date. You receive an immediate income tax deduction for the value of your gift, and you avoid paying capital gains tax on a gift of appreciated property. It is important to remember that a contribution to any of the deferred giving type funds is irrevocable.
EMPLOYEE RETENTION CREDIT DUE TO SUNSET 12/31/2021
Posted September 2021
Many qualified businesses are not claiming the 2021 employee retention tax credit (ERC), a pandemic relief measure worth up to $28,000 a year per employee kept on the business’s payroll. The clock is ticking, and this provision will sunset on December 31, 2021.
House Aims to Push Business into Auto-Sign-Up Retirement Plans
Posted September 2021
House Democrats proposed requiring companies to automatically enroll workers for IRAs or 401(k)-type retirement plans under a provision tucked into draft legislation enacting the bulk of President Joe Biden’s economic plan.
TAX FILIING REMINDERS – NOVEMBER 2021
December 15th
December 31st
TAX FILIING REMINDERS – SEPTEMBER 2021
September 30th
October 15th
November 15th
IRS Letter Indicating No Valid Extension Filed
Posted August 2021
Many taxpayers are receiving letters from the Internal Revenue Service (IRS) stating the IRS was unable to grant an extension of time to file because the extension was not requested by the return due date.