News
Peruse our news archive to stay informed on recent tax changes, tax-related current events, tips for smart financial management, and news from our firm.
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02 - 03 - 2021
2021 Mileage Decreases
The standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased to 56 cents per mile. As a result, you might see a lower deduction for vehicle-rel...Read More -
01 - 20 - 2021
PPP loans have reopened: Let’s review the tax consequences
The Small Business Administration (SBA) announced that the Paycheck Protection Program (PPP) reopened the week of January 11. If you’re fortunate to get a PPP loan to help during the COVID-19 crisi...Read More -
01 - 15 - 2021
How the new COVID-19 relief law affects retirement benefits
The Consolidated Appropriations Act (CAA) includes a wide variety of provisions that address the ongoing economic hardships caused by the COVID-19 pandemic. There are so many provisions, in fact, t...Read More -
12 - 11 - 2020
2020 Year End Tax Planning
2020 has been quite a challenge, to say the least. The COVID-19 crisis brought massive unemployment, business closures, and an enormous amount of uncertainty. All of this has made 2020 seem like th...Read More -
12 - 08 - 2020
2021 Cost of Living Adjustments for Fringe Benefits
Now’s a good time to talk about your benefit offerrings. The IRS released 2021 cost-of-living adjustments (COLAs) for a several fringe benefits.Read More -
12 - 03 - 2020
Payroll Tax Form Instructions Related to COVID-19 Relief
You may need to file IRS Form 941-X. If so, here are details on the latest instructions.Read More -
11 - 13 - 2020
What do the 2021 cost-of-living adjustment numbers mean for you?
Consider these 2021 cost-of-living adjustments as you complete year-end tax planning and plan for next year.Read More -
11 - 06 - 2020
Controls are ineffective when managers fail to follow the rules
In these trying times, managers may be tempted to circumvent internal controls they wouldn’t in ordinary circumstances. Worse, some managers may override controls for nefarious purposes. Here’s wha...Read More