Category: Tax
IRS Addresses President’s Executive Order on Payroll Tax Deferral
The IRS provided some needed guidance for employers wondering whether and how to comply with…
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Year-End Payroll Tax Withholding Exposure & Impact from Remote Employees
As year-end approaches, and many employees continue to work remotely, companies should again assess their…
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Strategies to Accelerate Income and Lower Your Total Tax Liability
As 2020 winds down, it’s time to consider year-end planning. Here are some tips for…
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Proposed Small Business Taxpayer Regulations Address Accounting Methods Simplification
The IRS released an advance copy of proposed regulations for small business taxpayers to implement…
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IRS Adds New FAQs on CARES Act Payroll Tax Deferrals
The IRS recently added numerous frequently asked questions (FAQs) on the payroll tax deferrals under the Coronavirus…
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Five Reasons Why Private Companies Should Adopt Public Company Controls
Often viewed as a “public company problem,” private organizations may want to consider implementation of…
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State Legislative & Administrative Reactions to the CARES Act
Some CARES Act provisions that states have decoupled from include the increased business interest expense…
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Two Proposed Methods for Reporting Tax Capital on Schedule K-1
IRS proposed two methods for partnerships to satisfy the tax capital reporting requirement for tax…
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Income Tax Controls: Common Flaws & How to Prevent Them
Four common pitfalls in the design of income tax accounting controls, including missing controls, lack…
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Massachusetts Tax Credit Available to Investors of Life Science Businesses
The Massachusetts Department of Revenue (DOR) issued guidance regarding the Angel Investor Tax Credit, which…
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