Many tax amounts affecting businesses have increased for 2021

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.

Employer-Provided Disaster Relief & COVID-19

Amid the COVID-19 pandemic, many employers are looking for tax-advantaged ways to help their employees with additional expenses incurred as a result of the pandemic. Section 139 of the Internal Revenue Code provides the answer. On March 13, 2020, President Trump declared COVID-19 a national disaster under the Robert T. Stafford Disaster Relief and Emergency[ … ]

Industry Outlook 2019-2020: Financial & Professional

Levels of Optimism: High Because the environment is still healthy for mergers and acquisitions, financial and professional service firms are focused on value and staying lean—whether they are acquisition targets or the acquirers. BOK Financial completed its acquisition of CoBiz Financial, Inc. in late 2018, essentially creating a major footprint to expand financial services market[ … ]