payroll tax

CARES Act

CARES Act: Don’t Overlook 2 Valuable Provisions

The federal government has enacted various pieces of legislation providing relief to employers, including nonprofits, suffering financially due to the COVID-19 pandemic. While much of public attention has focused on…

Read More
CARES Act and Construction

Keeping an Eye on Taxes: CARES Act and Construction

The federal government’s response to the novel coronavirus (COVID-19) has included many tax law changes. To simplify matters, let’s look at three issues that contractors should keep an eye on…

Read More
CARES Act

The New COVID-19 Law Provides Businesses with More Relief

On March 27, President Trump signed into law another coronavirus (COVID-19) law, which provides extensive relief for businesses and employers. Here are some of the tax-related provisions in the Coronavirus…

Read More
payroll tax penalty

Small Businesses: Stay Clear of a Severe Payroll Tax Penalty

One of the most laborious tasks for small businesses is managing payroll. But it’s critical that you not only withhold the right amount of taxes from employees’ paychecks but also…

Read More
equity-based compensation

Tax Implications of Equity-Based Compensation

Equity-based compensation is a powerful tool for attracting, retaining and motivating executives and other employees. By rewarding recipients for their contributions to your success, it aligns their interests with those…

Read More
overtime

New Overtime Rules Could Inflate Payroll Expenses

A proposed rule, issued by the U.S. Department of Labor (DOL), would update the overtime exemptions for so-called white-collar workers under the Fair Labor Standards Act. If finalized, the new…

Read More
hire your child

Hire Your Child This Summer: Everyone Wins

If you’re a business owner and you hire your child (or grandchild) this summer, you can obtain tax breaks and other non-tax benefits. The kids can gain on-the-job experience, save…

Read More