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Planning for Year-End Gifts with the Gift Tax Annual Exclusion

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As we approach the holidays and the end of the year, many people may want to make gifts of cash or stock to their loved ones. By properly using the […]

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EIDL Program Retooled for Still-Struggling Small Businesses

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For many small businesses, the grand reopening is still on hold. The rapid spread of the Delta variant of COVID-19 has mired a variety of companies in diminished revenue and […]

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Employers Prepare for Year-End Reporting Requirements

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The IRS has issued guidance to employers on year-end reporting for sick and family leave wages that were paid in 2021 to eligible employees under recent federal legislation. IRS Notice […]

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Senator Wyden Releases Far-Reaching Partnership Taxation Proposals

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Senate Finance Committee Chair Ron Wyden, D-Ore., on September 10 unveiled a discussion draft of legislation that would significantly change the way passthrough entities, primarily partnerships, are taxed. Wyden made […]

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Temporary 100% Business Meal Deduction Stimulates Restaurants, Provides Savings to Businesses

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In an effort to stimulate spending in an industry that was largely affected by the COVID pandemic, the Consolidated Appropriations Act introduced a 100-percent deduction for business meals purchased at […]

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