Operating nonqualified deferred compensation plans FAQs for employers
Throughout a plan & s life cycle, employers should consider whether their plans remain compliant and aligned with the organization's goals.
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Technology at the center
Family offices can strengthen backup processes and increase efficiency and scalability by implementing finance and accounting outsourcing.
Building a successful family office: Top 10 questions to answer
The life cycle of a successful family office begins with family objectives, investments, technology systems and more.
IRS issues employee retention credit gross receipt exclusion procedure
Rev. Proc. 2021-33 allows exclusion of PPP, restaurant revitalization and shuttered venue operator grants from ERTC gross receipts test.
IRS enhances employee retention credit guidance for open questions
Notice 2021-49 provides answers on previously uncertain issues and addresses changes implemented in the American Rescue Plan Act.
Keys to an effective family office governance framework
A family developing a family office needs to establish a governance framework apart from the operating business that grew its wealth.
Choosing the family office structure that helps your family’s goals
When aligning your preferences with 1 of 3 main structural forms, a family office will position itself to succeed for many years to come.
Paid leave for employees impacted by COVID-19 in 2021
Some employers can give paid leave to employees impacted by COVID in 2021 and claim a payroll tax credit per the American Rescue Plan Act.
IRS updates its Employee Plans Compliance Resolution System (EPCRS)
EPCRS is a summary of the rules that the IRS uses to assist employers in correcting retirement plan mistakes without disqualifying the plan.
President’s clean energy proposals for industrials sector
President Biden's proposals for prioritizing clean energy affect the industrials sector including manufacturing, automotive, and oil and gas
SBA formally withdraws loan necessity questionnaire
Small Business Administration, in light of lawsuit, notifies PPP lenders that loan necessity questionnaire is withdrawn.
IRS extends relief for leave-based donation programs
Notice 2021-42 provides guidance for cash payments from foregone vacation, sick or personal leave made by employers to charities.
President Biden unveils his American Families Plan
Biden’s plan to grow the middle class, expand economic growth to all Americans and leave the US more competitive funded with tax changes.
Paid leave for employees impacted by COVID-19 in 2021
Some employers can give paid leave to employees impacted by COVID in 2021 and claim a payroll tax credit per the American Rescue Plan Act.
Tax aspects of President Biden’s American Job’s Plan
Washington National Tax summarizes key tax aspects of President Biden’s American Jobs Plan and the Made in America Tax Plan.
ASC 740: Q1 2021 Provision Considerations
A roundup of recent tax law changes and other income tax provision considerations for the first quarter of 2021.