Feb 25, 2020
Congress isn’t the only governing body that questions quid pro quos. The IRS considers it a big deal as well, particularly as it relates to charity quid pro quos. A quid pro quo translates from Latin as “something for something.” Anytime you receive a perceived...
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Jan 28, 2020
The current administration doesn’t have a glowing opinion about the Affordable Care Act (ACA) mandate, but that doesn’t mean it won’t pursue revenue where it can. The IRS is stepping up enforcement of ACA provisions for large employers, and the...
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Jan 21, 2020
Starting in 2020, your newly hired employees will need to submit redesigned Form W-4s. According to the IRS, the new design replaces complicated worksheets with more straightforward questions. The forms, coupled with the agency’s new Tax Withholding Estimator, are...
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Nov 19, 2019
Since the Tax Cuts and Jobs Act (TCJA) raised bonus depreciation from 50% to 100% for the first year property is placed in service, many business owners have benefitted. The IRS also extended the definition of qualified property to include assets like used...
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Oct 26, 2019
U.S. for about a decade. As MarketWatch reports, third-party investors are pouring up to $100 billion into funding lawsuits as a way to seek returns that can far surpass equity and fixed-income investments. Plus, as Forbes Tax Contributor Robert W. Wood...
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Oct 22, 2019
Did you hear the big employment law news out of California? The state’s businesses are facing strict new limits on using independent contractors. It’s a valuable reminder that not all workers are equal in the eyes of the government, especially those considered...
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