On December 27, 2020, the Consolidated Appropriations Act, 2021 ("CAA" or the "Act") was signed into law. The 2,100+page CAA is made up of 32 Divisions. The significant business and individual taxpayer related provisions are...more
1/26/2021
/ CARES Act ,
Consolidated Appropriations Act (CAA) ,
Economic Aid Act ,
Economic Injury Disaster Loans ,
Employee Retention ,
Families First Coronavirus Response Act (FFCRA) ,
Family and Medical Leave Act (FMLA) ,
Income Taxes ,
IRS ,
Loan Forgiveness ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
Retirement Plan Providers ,
Tax Deductions
The Internal Revenue Service has been busy issuing guidance over the last month or so on various retirement benefit issues. We want to be sure you are aware of these important updates.
Retirement plan and IRA liquidity...more
7/21/2020
/ 401k ,
CARES Act ,
Coronavirus/COVID-19 ,
Deferred Compensation ,
Distribution Rules ,
Employee Benefits ,
Income Taxes ,
Individual Retirement Account (IRA) ,
New Guidance ,
Required Minimum Distributions ,
Retirement Plan ,
Safe Harbors ,
Tax Returns
On March 13, 2020, the President issued a determination under the Robert T. Stafford Disaster Relief and Emergency Assistance Act (the “Stafford Act”). A consequence of that action is that payments from employers to employees...more
NEW TAX LAW MAKES CHANGES TO COMMUTING BENEFITS -
...The Tax Cuts and Jobs Act of 2017 (“TCJA”) generally eliminates employer deductions for commuter transportation and parking fringe benefits. This includes deductions...more
2/22/2018
/ Affordable Care Act ,
Bi-Partison Balanced Budget Act (BBA) ,
Compensation & Benefits ,
Corporate Taxes ,
Employee Benefits ,
Income Taxes ,
IRS ,
New Legislation ,
Pass-Through Entities ,
Reporting Requirements ,
Retirement Plan ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Rates ,
Threshold Requirements ,
Wage and Hour