July 2021

pass through tax
Proposed Bill Would Modify Tax Deductions for Eligible Owners of Pass-Through Entities

A new bill introduced by Senate Finance Committee Chairman Ron Wyden (D-OR), the Small Business…

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section 1202
Potential Benefits of QSBS Exemption Continue to Grow

The capital gains exemption for qualified small business stock (QSBS) may become even more valuable…

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6 financial planning mistakes
Avoid These Costly Financial Planning Mistakes

Financial planning is about proactively planning, investing and protecting your assets, but sometimes we introduce…

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Sales Tax VDA
Mitigating Sales Tax Exposures Through Participation in Voluntary Disclosure Programs

Prior to getting back on track and registering with the relevant states for prospective collection…

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NQDC Plans
Navigating the Complexities of Nonqualified Deferred Compensation Plans

While NQDC plans are common among U.S. companies, some employers may not be aware of…

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nonprofits after covid19
Considerations for Nonprofits in the Post-COVID-19 Environment

When thinking about how nonprofit organizations have adapted over the past year—and will continue to…

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C Corp S Corp Partnership
Business Entity Determination & Key Tax Considerations

Existing businesses should evaluate their choice of entity — especially now, in light of President…

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SALT watch
SALT Watch: 5 Issues to Consider in 2021

Taxpayers need to be aware of the tax rules in the states in which they…

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July 2021 Promotions
Three Principals Included in MFA’s July 2021 Promotions

We are pleased to celebrate the advancement of eleven of our colleagues, including three principals.…

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5 Tax Accounting Method Changes Cash Flow Savings
5 Tax Accounting Method Changes That Can Generate Savings and Cash Flow

Cash flow preservation remains an important focus for many companies as the COVID-19 pandemic continues…

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