Jul 21, 2020 | Blog, Now You Know, Tax
Today, many people sell homemade products online or work on some unincorporated sideline venture outside of their regular day jobs. Such activities can generate extra spending money. This can be especially helpful for retired people and stay-at-home parents — or for...
Jul 21, 2020 | Benefit Plans, Blog, Now You Know, Tax
The IRS recently issued guidance related to coronavirus-related distributions allowed under the Coronavirus Aid, Relief and Economic Security (CARES) Act. Notice 2020-50 and Notice 2020-51 apply to qualified individuals, employers and eligible retirement plans. The...
Jul 21, 2020 | Blog, Nonprofit Insights, Now You Know
During these financially challenging times, many nonprofit organizations have had to get creative to raise adequate revenue to sustain operations. New activities, however well-intentioned, can lead to tax trouble. Your nonprofit risks exposure to the unrelated...
Jul 21, 2020 | Blog, Now You Know
Naturally, you care about the health and safety of your employees. A recent alert from the Occupational Health and Safety Administration’s (OSHA) provided these tips for employers: 1. Assess the hazards to which workers may be exposed, 2. Evaluate the risk of...
Jul 13, 2020 | Blog, Closely Held Businesses, Now You Know, Startup Business, Tax
Many family businesses have been adversely affected by the novel coronavirus (COVID-19) pandemic. But there’s a silver lining: proactive tax planning can help your family business take advantage of potential opportunities in the COVID-19 era. Here are some...
Jul 8, 2020 | Audit, Blog, Now You Know
In order to maintain financial stability through the COVID-19 pandemic, many organizations received funds from the Federal Government and now need guidance on the administrative requirements of the awards. In particular, they will need to determine whether or not they...
