Treasury Notice Offers Limited Help with Temporary Payroll Tax Deferral Guidance

by Carl Garner, CPA The U.S. Treasury Department has issued guidance that answers some of the many questions surrounding ...
Continue Reading

Ultra-wealthy donors: Elusive but worth your nonprofit’s efforts

High-net-worth individuals donated $5.8 billion during the first six months of the COVID-19 pandemic — generous giving by most ...
Continue Reading

From FFCRA to ARPA: the latest on paid COVID-related leave

The Families First Coronavirus Response Act (FFCRA) was among the first major laws enacted in response to the ...
Continue Reading

Cafeteria-plan DCAPs get temporary boost from COVID-19 relief act

Many employers use cafeteria plans to offer employees a menu of benefits from which to choose. Under Section 125 ...
Continue Reading

New law tax break may make child care less expensive

The new American Rescue Plan Act (ARPA) provides eligible families with an enhanced child and dependent care credit ...
Continue Reading

Latest COVID-relief law addresses underfunded multiemployer pensions

A multiemployer pension is generally a defined benefit plan to which more than one employer is required to ...
Continue Reading

New legislation proposes to help “rescue” nonprofits

No one needs to tell nonprofit organizations how tough the past year has been. According to the John ...
Continue Reading

New law: Parents and other eligible Americans to receive direct payments

The American Rescue Plan Act, signed into law on March 11, provides a variety of tax and financial ...
Continue Reading

The latest on COVID-related deadline extensions for health care benefits

The U.S. Department of Labor (DOL) recently issued EBSA Disaster Relief Notice 2021-01, which is of interest to employers. ...
Continue Reading

Updated guidance on the employee payroll tax deferral

In late January, the IRS updated Notice 2020-65. It provides guidance regarding an executive memorandum signed last summer that ...
Continue Reading

Don’t forget to take required minimum distributions this year

If you have a traditional IRA or tax-deferred retirement plan account, you probably know that you must take ...
Continue Reading

How the new COVID-19 relief law affects retirement benefits

The Consolidated Appropriations Act (CAA) includes a wide variety of provisions that address the ongoing economic hardships caused ...
Continue Reading