Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2022. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. You should speak with your CPA to ensure you’re meeting all applicable deadlines and to learn more about your filing requirements.
As 2021 comes to a close, we thought it would be helpful to provide some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2022. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you.
Like the rest of the country, we have been waiting to learn what President Biden’s federal tax proposal will look like, and how it will impact individuals and businesses. On October 28, 2021 Biden announced a new version of the Build Back Better (BBB) framework that outlines spending provisions of $1.75 trillion over ten years, and revenue offsets of up to $2 trillion during that time period.
On April 1, Massachusetts Governor Charlie Baker signed into law a new COVID-19 relief legislation package with tax impacts for small business owners and individuals.
Are your financial planner and CPA working together as a team on your behalf? For many people, this isn’t the case—but it should be. By incorporating tax planning into your investment strategy, you can make better informed decisions to maximize your dividends while maintaining tax efficiency.
In light of the COVID-19 pandemic, the IRS has increased flexibility for 2020 midyear elections under a Sec. 125 Cafeteria Plan in regard to employer-sponsored health coverage, flexible spending arrangements (FSAs) and dependent care assistance programs.
As you may be aware, on June 28, 2018, Governor Charlie Baker signed a landmark bill requiring all employers in the state of Massachusetts to provide workers with paid family and medical leave—giving Massachusetts one of the most generous paid family and medical leave programs in the country.
The Bipartisan Budget Act of 2015 created some new rules around Partnership Audits—rules that went into effect for tax years after January 1, 2018, with elections that may need to be made on this year's tax return.
2018 has certainly been a year of change in the tax world. The most recent change, the U.S. Supreme Court’s ruling in the case of South Dakota vs. Wayfair Inc., has overturned decades of precedent when it comes to the taxation of goods sold by out-of-state sellers.
Wondering what this means for online retailers and other remote sellers? You’re not alone—the Wayfair case is complex, and many are waiting to see how individual states will choose to respond.
In part one of this blog, I outlined the top 11 changes in Trump's Tax Cuts & Jobs Act that will impact individual taxpayers. In Part 2, I'm discussing the top 9 changes that may impact your business:
