Read About - Know Your Gaps: Profit, Value, and WealthJanuary 22, 2021
Profit, Value, and Wealth | The three numbers every business owner should know and manage to meet their goals
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Read About - 403(b) Plans: Required Nondiscrimination TestingJanuary 20, 2021
One of the benefits of a qualified Section 403(b) retirement plan is that elective deferrals are not subject to nondiscrimination testing
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Read About - COVID-19 Aid Bill: What does it mean for you? | Webinar RecordingJanuary 20, 2021
https://windes.wistia.com/medias/4h5z8dg701?embedType=async&videoFoam=true&videoWidth=640
This informative webinar covers the “second-draw” PPP loans available for small and “hard-hit” businesses
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Read About - Employee Retention Credit: Possible “Cashback” RefundsJanuary 18, 2021
Congress signed the Consolidated Appropriations Act of 2021 on December 27, 2020
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Read About - California Coronavirus Tax Relief for Small Businesses and Nonprofits
Read About - New PPP Loan Application Forms Released & California Small Business Relief GrantJanuary 12, 2021
The US Small Business Administration (SBA) and the Treasury recently released the new Paycheck Protection Program (PPP) loan application forms based on the COVID-19 Aid Bill passed on December 27, 2020
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Read About - January 2021 Audit & Assurance NewsletterJanuary 12, 2021
FASB clarifies scope of reference rate relief
FASB recently issued guidance that is designed to clarify which derivatives are eligible for certain optional expedients and exceptions under the board’s new standard that creates accounting relief for reference rate reforms
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Read About - Send a New Form 1099-NEC to the FTBJanuary 8, 2021
As of January 2021, when businesses are preparing 1099s for the 2020 tax year, they will now use new federal Form 1099-NEC to report nonemployee compensation, which replaces Form 1099-MISC
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Read About - IRS Releases 2021 Inflation-Adjusted Tax Tables, Standard Deduction, AMT and Other AmountsJanuary 8, 2021
The IRS has released the annual inflation adjustments for 2021 for the income tax rate tables, and for over 50 other tax provisions
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Read About - 2021 Payroll Tax RequirementsDecember 28, 2020
The Payroll Tax Requirements guide is primarily intended to provide generalized information regarding payroll taxes and employer obligations
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Read About - Key Provisions of the New Tax Relief PackageDecember 22, 2020
After numerous rounds of intense negotiations, on December 21, Congress unanimously approved more than $900 billion in relief funds for households and businesses, along with $1.4 trillion in extension for governmental operational support
Read More »Read About - Widespread Concerns about Paycheck Protection Program (PPP) Loan Necessity QuestionnairesDecember 15, 2020
Eighty-two organizations, including the AICPA, have recently expressed their concern about PPP loan necessity questionnaires
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