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Recent Articles & Resources
Year-End Tax Planning
Three Types of Holiday Celebrations with Employees
1099 & Year-End Reporting/Compliance Requirements for 2021 and What’s Changing in 2022
Moving Assets From an S Corporation to a Partnership
FASB Modifies Risk-Free Discount Rate Practical Expedient for Lessees That Are Not Public Business Entities
Year-End Tax Planning
Year-end tax planning is more challenging than usual this year due to the uncertainty surrounding pending tax legislation that could, among other things, increase top rates for ordinary income, capital gains and net investment income tax starting next year. Whether or not tax increases become effective next year, the standard year-end approach of deferring income and accelerating deductions to minimize taxes will likely continue to produce the best results for all but the highest income taxpayers.
Three Types of Holiday Celebrations with Employees
With many employers still having employees work from home due to COVID concerns, company holiday celebrations may look different than pre-pandemic times. However, this doesn’t mean that you can’t have festive times with your employees as there are still lots of fun ways to celebrate the holidays.
1099 & Year-End Reporting/Compliance Requirements for 2021 and What’s Changing in 2022
What you should know about 1099 changes for 2021, as well as year-end reporting and compliance requirements if you have employees.