The federal R&D tax credit benefits large and small companies in nearly every industry. Common questions and answers related to the R&D tax credit and those specific to small businesses are outlined below. What is the R&D tax credit? Created in 1981 to...
Year: 2020
Keeping Your Financial Plan Aligned With Your Goals In Today’s Market Environment
The extreme market volatility of the past seven months has left many investors wondering how their investment portfolios have held up during 2020’s rollercoaster ride. We believe that rather than just thinking about the status of your investment portfolios relative to...
Fall 2020 Non-Profit Newsletter
In This Issue: President Signs Protecting Nonprofits From Catastrophic Cash Flow Strain...Into Law "Are We Paying Our Executives Appropriately?" FASB Issues ASU on Contributed Non-financial Assets IRS Proposes Excise Tax Relief For Exempt Organization Executive...
The Great Experiment: Remote Work and the New Reality of Real Estate
There’s no question the global pandemic of 2020 quickened trends of the future that were hitting the wall of the present: Employers resistant to allowing employees to work remotely suddenly had no choice as localities enacted mandatory stay-at-home measures....
How to Plan for Succession: Preserving, Protecting, and Passing On Wealth
Transitioning Ownership The decisions made regarding ownership of the family office or closely held business may not necessarily be the same decisions that are required for leadership and management. It’s critical to understand and acknowledge the different elements...
Addressing Missed 401(k) Plan Deadlines During COVID-19
The COVID-19 pandemic has put many extra burdens on 401(k) plan sponsors. In addition to navigating all of the uncertainty related to the economy and workplace safety, plan sponsors have had to keep an eye on regular retirement plan procedures and deadlines. Often,...
The Path to Retail Recovery
COVID-19 has shaken nearly every aspect of the retail industry. Retailers have been grappling with never-before-seen store closures, supply chain disruptions and personnel changes. Even as the country slowly opens back up for business, we know retailers will continue...
IRS Addresses the President’s Executive Order On Employee Payroll Tax Deferral in Notice 2020-65
On August 28, 2020, the IRS issued Notice 2020-65 that provides some needed guidance for employers wondering whether and how to comply with the employee payroll tax deferral described in the August 8, 2020 Presidential memorandum (often referred to as an “executive...
IRS Adds New FAQs On CARES Act Payroll Tax Deferrals
The IRS recently added numerous frequently asked questions (FAQs) on the payroll tax deferrals under the Coronavirus Aid, Relief, and Economic Security (CARES) Act (P.L. 116-136). Although the FAQs cannot be relied upon as legal authority, they are an indication of...
The 2020 Tax Planning Paradox – Accelerate Income to Lower Your Total Tax Liability
As 2020 winds down, it’s time to consider year-end planning. It’s an unusual year, with taxpayers experiencing losses due to the economic downturn and the possibility of higher income tax rates next year. Consequently, we need to rethink the traditional year-end...