Read About - 5 Business Succession Planning Tips to Transfer OwnershipOctober 1, 2021
Business succession planning involves making decisions about who will take over your business in the event of your death, disability, or retirement
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Read About - Update! New Pass-Through Entity Tax InformationSeptember 30, 2021
Assembly Bill 150 (AB 150), signed by California Governor Gavin Newsom on July 16, 2021, permits a qualifying entity to make an annual pass-through entity (PTE) tax election for tax years starting on or after January 1, 2021, but ending before January 1, 2026
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Read About - 2020 Plan Year DOL Audit Quality AssessmentSeptember 27, 2021
The DOL Employee Benefits Security Administration (EBSA) Office of the Chief Accountant (OCA) is preparing to conduct a quality assessment to analyze the audit work performed by independent qualified public accountants (IQPAs or auditors)
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Read About - Important Calendar Year Retirement Plan Deadlines
Read About - How the Biden Tax Plan Could Impact the WealthySeptember 17, 2021
President Joe Biden has proposed raising taxes on wealthy Americans earning over $400,000 per year to fund childcare, education, paid leave, and other reforms
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Read About - Is It Better to Pay Off Mortgage or Invest?September 17, 2021
If you are a homeowner with a mortgage, you might consider paying it off early if you can afford it
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Read About - 7 Ways Biden Administration Changes Could Indirectly Impact NonprofitsSeptember 15, 2021
This article represents Windes’ analysis of the Biden Administration’s tax proposals provided in the “General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals” document prepared by the Department of the Treasury (Treasury), released on May 28, 2021
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Read About - Automated Outsourced Accounting Work Increases Your Company’s ValueSeptember 13, 2021
Outsourced accounting work entails outsourcing finance and accounting functions to third-party experts
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Read About - How to Calculate and Qualify for the R&D Tax CreditSeptember 8, 2021
Despite the reforms introduced in the Tax Cuts and Jobs Act (TCJA), the Research & Development (R&D) tax credit provides opportunities to bring down income tax liabilities, allowing companies to save millions of dollars
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Read About - Average Retirement Savings in the US: The Pandemic and Gender GapSeptember 3, 2021
The COVID-19 pandemic has wreaked havoc across all sectors, creating an uncertain economic environment worldwide
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Read About - DOL Focuses on Uncashed Retirement ChecksSeptember 3, 2021
The US Department of Labor's (DOL) focus on uncashed checks and missing participants has expanded to include uncashed retirement checks held by former record-keepers
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Read About - Business Meal Deduction Clarification for 2021 and 2022August 17, 2021
The Consolidated Appropriations Act of 2021 increased the business-meal deduction for the cost of food and beverages provided by a restaurant from 50 percent to 100 percent in 2021 and 2022, if certain conditions are met
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