Recent News

A number of tax-related limits affecting businesses are annually indexed for inflation, and many have increased for 2021. For example, the Section 179 expensing limit has gone up to $1.05 million f...

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...

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...

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...

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...

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.

You may need to file IRS Form 941-X. If so, here are details on the latest instructions.

Consider these 2021 cost-of-living adjustments as you complete year-end tax planning and plan for next year.