There’s a valuable tax deduction available to a C corporation when it receives dividends. The “dividends-received deduction” is designed to reduce or eliminate an extra level of tax on dividends received by a corporation. As a result,…
The next quarterly estimated tax payment deadline is June 15 for individuals and businesses, so it’s a good time to review the rules for computing corporate federal estimated payments. You want your business to pay the minimum…
The federal government is helping to pick up the tab for certain business meals. Under a provision that’s part of one of the COVID-19 relief laws, the usual deduction for 50% of the cost of business meals…
The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to eligible businesses. Claiming the credit involves complex calculations, which we can take care of…
PREPARE YOUR BUSINESS WITH THESE TAX DEADLINES Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2021. Keep in mind that this list isn’t all-inclusive, so there may…
What You Need to Know Millions of American taxpayers with children will begin receiving advance payments of their 2021 Child Tax Credits starting this July. However, not all households that qualify for the Child Tax Credit will…
President Biden recently announced his $1.8 trillion American Families Plan (AFP), the third step in his Build Back Better policy initiative. The announcement followed the previous releases of the proposed $2.3 trillion American Jobs Plan and the Made in…
President Biden’s tax plan for individual taxpayers was outlined in an April 28 address to Congress and in an 18-page fact sheet released by the White House. The “American Families Plan” contains tax breaks for low- and…
Now that the first two quarters of 2021 are in the rearview mirror, many businesses and nonprofits are dealing with the calculations and recordkeeping necessary to take advantage of the expanded Employee Retention Tax Credit (ERTC). Employee…
Expansion of Education Assistance Program Employers have a new tax incentive available that can help them recruit or retain employees who are carrying student loan debt. The Coronavirus Aid, Relief and Economic Security (CARES) Act, enacted in…
Tax Director Larry Friedman Discusses the Key Details of the Employee Retention Tax Credit Need help understanding the ERTC? Tune in for an hour roundtable where Tax Director Larry Friedman breaks down the basics of the…
The Consolidated Appropriations Act, 2021 was passed by both houses of Congress on Dec. 21, 2020 and signed into law by the President on Dec. 27, 2020. The bill contained several provisions and tax extenders affecting individuals…
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