The American Rescue Plan Act (ARPA) was signed into law on March 11, 2021. The new law will provide roughly $1.9 trillion in much-needed financial relief to individuals,...
COVID-19 Relief: Overview of the New American Rescue Plan Act
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4 Important Changes on Your 2020 Tax Return
Tax season has started. Your tax professional is ready to prepare your 2020 federal and state returns — but are you ready? The pandemic has led to several changes to the tax...
How to Maximize Remote Sales
For manufacturers, many day-to-day aspects of business operations haven't changed during the COVID-19 pandemic. For example, when special machinery is required for production,...
Penalties Imposed on 5 Employers for Federal Labor Violations
The U.S. Department of Labor's Wage and Hour Division (WHD) recently issued news releases announcing judgments against five companies investigated for various violations of laws...
When Should Not-for-Profit Organizations Return Donations?
A donor makes a cash contribution to a nonprofit community health organization. The donor itemizes income tax deductions and meets the IRS's substantiation requirements. So he's...
Last-Minute Tips for Your 2020 Personal Return
Goodbye, 2020. Hello, tax season. Individual taxpayers have until April 15, 2021, to pay Uncle Sam for taxes owed for 2020. (Remember, you can extend the deadline for filing your...
Can Employers Require Workers to Be Vaccinated for COVID-19?
Vaccinations can be an emotionally fraught issue for some people, for various reasons, and the COVID-19 vaccines being administered today come with additional fears about...
5 Valuable Tax Credits for 2020 Individual Returns
Individuals who are eligible for federal income tax credits can significantly lower their tax obligations. It's important to differentiate between tax credits and tax deductions....
Digital Banking is Revolutionizing the Banking Industry
The percentage of retail bank customers who access banking services daily via desktop apps has nearly doubled during the COVID-19 pandemic, according to BAI, a banking...
To Discount or Not to Discount (That Is the Question)
Value is relative. Some assignments call for an appraisal of the entire entity on a controlling basis. Others require the valuation of a minority interest that may lack control...