by Anne Angera | Mar 9, 2022 | Resources For Individual Taxpayers, Uncategorized
If you’re getting ready to file your 2021 tax return, and your tax bill is more than you’d like, there might still be a way to lower it. If you’re eligible, you can make a deductible contribution to a traditional IRA right up until the April 18, 2022, filing date and...
by Anne Angera | Mar 3, 2022 | Resources For Employers, Uncategorized
It’s a common problem every year. Employers discover that, when their 401(k) plans must make required minimum distributions, the addresses on file for some distributees have become invalid. The U.S. Department of Labor (DOL) and the IRS have both offered guidance...
by Anne Angera | Feb 24, 2022 | Resources For Employers, Resources For Individual Taxpayers, Uncategorized
If you run a business and accept payments through third-party networks such as Zelle, Venmo, Square or PayPal, you could be affected by new tax reporting requirements that take effect for 2022. They don’t alter your tax liability, but they could add to your...
by Anne Angera | Feb 5, 2022 | Resources For Employers, Resources For Individual Taxpayers, Uncategorized
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. Date Deadline for January 31 Individuals: Filing a 2021 income tax return (Form 1040 or Form 1040-SR)...
by Anne Angera | May 7, 2021 | Resources For Employers, Uncategorized
The IRS has released guidance explaining when the temporary 100% deduction for restaurant meals is available and when the 50% limitation on the deduction for food and beverages continues to apply for Sec. 274 purposes (Notice 2021-25). The Consolidated Appropriations...
by Anne Angera | Apr 30, 2021 | Resources For Employers, Uncategorized
The recently passed American Rescue Plan Act (ARPA) established a $28.6 billion Restaurant Revitalization Fund (RRF) with the Small Business Administration (SBA). The RRF will provide funding for eligible entities equal to their pandemic-related revenue loss up to $10...
