Government
ASC Topic 842 and Its Impacts on Government Contracting

ASC Topic 842 and Its Impacts on Government Contracting

Now is the time for government contractors to familiarize themselves with the new standard, mitigate the impact of resource constraints on implementation, navigate the allowability of costs, and otherwise move past hurdles to prepare for compliance.

Navigating the IRS Backlog

Navigating the IRS Backlog

The start of a new tax filing season often brings with it longer hold times with the IRS, as taxpayers and their tax preparers inundate phone lines with questions and concerns. But the 2022 filing season promises to be particularly challenging…

Treasury Releases Final Rule for COVID State, Local Fiscal Recovery Funds

Treasury Releases Final Rule for COVID State, Local Fiscal Recovery Funds

he Department of Treasury aimed to provide local governments with added flexibility in the implementation of the SLFRF’s intended purposes of increasing resilience against the ongoing threats of the pandemic, supporting families and businesses struggling with its public health and economic impacts, maintaining and sustaining vital public services, and facilitating a sustainable, equitable recovery through investments building long-term growth and opportunity.

Are You Taking Advantage of The Employee Retention Tax Credit?

Are You Taking Advantage of The Employee Retention Tax Credit?

Over the past nearly two years, businesses across the country, and the world, have been severely impacted by COVID-19. Throughout the course of the pandemic there have been numerous local, state, and national level legislative changes and implementations to aid in the...

2021 State & Local Tax Year-End Issues To Consider Now

2021 State & Local Tax Year-End Issues To Consider Now

State and local governments are revisiting taxpayer compliance with nexus rules and other tax policies, considering new taxes on digital services and reconsidering conformity with federal tax rules and legislation in an effort to rebuild their economies. The following...

Plan Sponsor Alert: 401(k) Plan Restatements Required By July 2022

Plan Sponsor Alert: 401(k) Plan Restatements Required By July 2022

Every six years, the Internal Revenue Service (IRS) requires employers with qualified, pre-approved plans to restate their plan documents – reflecting changes that have occurred since the plan documents were created or last restated. For defined contribution plans,...

Pension Relief Offered by the American Rescue Plan Act

Pension Relief Offered by the American Rescue Plan Act

In an effort to help the nation recover from the COVID-19 pandemic and related economic crisis, President Biden signed the $1.9 trillion American Rescue Plan Act of 2021 (ARPA) on March 11, 2021. The law includes stimulus checks, state and local government aid...

U.S. Supreme Court Rules Against Latest ACA Challenge

U.S. Supreme Court Rules Against Latest ACA Challenge

In a highly anticipated decision, the U.S. Supreme Court on June 17 ruled by a 7-2 vote that the plaintiffs in the latest challenge to the Affordable Care Act (ACA) lacked standing to bring the lawsuit. The decision marks the third failed attempt to repeal the ACA...