Employee Retention Credit – The Rules Become More Liberal, More Complex

February 16, 2021 March 25, 2021 Tax Department COVID-19, Tax Bites ARPA, CAA, CARES, COVID-19, employee retention credit, payroll taxes, social security

Learn about the recent tax law changes affecting the employer retention tax credit, potential benefits, and more

Should my distressed company consider a debt restructuring?

February 15, 2021 February 19, 2021 Accounting & Assurance Department Assurance, COVID-19 COVID-19, debt, debt restructuring, FASB

Many companies are struggling to make their loan payments during the COVID-19 crisis. Debt restructuring could provide relief.

2021 individual taxes: Answers to your questions about limits

February 11, 2021 February 19, 2021 Tax Department Tax Bites 401(k) contribution, IRA contributions, social security, tax, tax deductions, tax planning

How much can you contribute to an IRA for 2021? How much is the standard deduction? Here are some Q&As about these and other tax-related amounts for 2021.

Many tax amounts affecting businesses have increased for 2021

February 9, 2021 Tax Department Financial & Professional Services, Tax Bites business tax, meals and expenses, retirement plan contributions, Section 179, social security, tax, tax deductions

How much do your employees have to earn in 2021 before they can stop paying Social Security tax? How much can they contribute to 401(k) plans this year? Here are the answers to these and other questions about tax-related inflation adjustments and changes affecting businesses.

Financial keys to securing a commercial loan

February 8, 2021 February 17, 2021 Accounting & Assurance Department Assurance commercial loan, FASB, GAAP

Applying for a commercial loan can be tedious and time-consuming, especially in today’s uncertain marketplace. Here’s what to expect.

How Congress is Planning to Rescue Restaurants Through Tax Deductions

February 5, 2021 March 19, 2021 Benjamin Schutt Hospitality, Tax Bites CAA, CARES, COVID-19, deductible expenses, meals and expenses, restaurants, tax deductions

Lawmakers seek to tweak an existing business deduction to boost the restaurant industry’s bottom line and put thousands back to work.

The power of the tax credit for buying an electric vehicle

February 3, 2021 Tax Department Tax Bites electric vehicle, plug-in electric vehicles, tax credits

Thinking about buying a new electric vehicle? While you’re considering factors like acceleration and the range of the battery before recharging, check out the federal tax break that may be available.

Footnote disclosures: The story behind the numbers

February 1, 2021 February 2, 2021 Accounting & Assurance Department Assurance FASB, financial statement footnotes, financial statements

Financial statements do more than quantify a company’s performance. They also provide qualitative information about business operations and risk factors. Here are the basics about footnote disclosures.

Arizona Prop 208 Adds a 3.5% Surcharge to Highest Personal Income Tax Bracket

February 1, 2021 February 2, 2021 Melody Haddad SALT arizona, arizona propositions, prop 208, tax

Arizona voters approved Proposition 208, which took effect on January 1, 2021. Prop 208 adds a 3.5% surcharge to Arizona’s highest personal income tax bracket, resulting in an effective tax rate of 8% for affected taxpayers. At this increased 8% tax rate, Arizona becomes one of the highest taxing states for top earners. Affected individuals are[ … ]

A-Z Blog

Should my distressed company consider a debt restructuring?

Financial keys to securing a commercial loan

How Congress is Planning to Rescue Restaurants Through Tax Deductions

The power of the tax credit for buying an electric vehicle

Footnote disclosures: The story behind the numbers

Arizona Prop 208 Adds a 3.5% Surcharge to Highest Personal Income Tax Bracket

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