Technology
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...

COVID-19 Implications for Workers’ Compensation

COVID-19 Implications for Workers’ Compensation

This article is current as of June 9, 2021 Most state workers’ compensation (WC) laws clearly state that a disease to which the general population is exposed is exempt from WC. On the surface, this exemption appears to limit the impact of COVID-19 on WC coverage. Many...

The Post-COVID Urban Revival: What’s Next for Big Cities?

The Post-COVID Urban Revival: What’s Next for Big Cities?

Today, more than four out of five people in the United States live in cities and urban areas. Over the country’s long history of urbanization, cities like New York, San Francisco and Chicago swelled not only in population, but also in their prominence as American...

IRS Issues Guidance for Claiming Employee Retention Credit in 2021

IRS Issues Guidance for Claiming Employee Retention Credit in 2021

The IRS on April 2, 2021, issued additional guidance for employers claiming the employee retention credit (ERC) under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), as modified in December 2020 by the Taxpayer Certainty and Disaster Tax Relief Act...