Newsletters
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 NOW EXPIRES 9/30/2021 – UPDATED DECEMBER 2021
Posted September 2021 – UPDATED December 2021
Many qualified businesses are not claiming the 2021 employee retention tax credit (ERC), a pandemic relief measure worth up to $21,000 a year per employee kept on the business’s payroll. Under the Infrastructure Investment and Jobs Act this credit applies to payroll incurred through September 30, 2021, as the law accelerated the original sunset date of 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 – SEPTEMBER 2021
September 30th
October 15th
November 15th