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Congress eyes further retirement savings enhancements

by Anne Angera | Apr 27, 2022 | Resources For Employers, Resources For Individual Taxpayers, Uncategorized

In 2019, the bipartisan Setting Every Community Up for Retirement Enhancement Act (SECURE Act) — the first significant legislation related to retirement savings since 2006 — became law. Now Congress appears ready to build on that law to further increase Americans’...

What taxpayers should do if they get an identity theft letter from the IRS

by Anne Angera | Apr 16, 2022 | Resources For Individual Taxpayers, Uncategorized

From the IRS: When a thief steals someone’s Social Security number, they can use it to file a fraudulent tax return. This is tax-related identity theft. The IRS scans tax returns for possible fraud. If a tax return is flagged as suspicious, the agency will pull...

Fully deduct business meals this year

by Anne Angera | Apr 14, 2022 | Resources For Employers, Uncategorized

The federal government is helping to pick up the tab for certain business meals. Under a provision that’s part of one of the COVID-19 relief laws, the usual deduction for 50% of the cost of business meals is doubled to 100% for food and beverages provided by...

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