2 07, 2021

Biden Proposes Changes to Capital Gains & Transfer at Death Rules

2021-07-02T12:29:02-04:00

President Biden, in the recently released Department of the Treasury Green Book, has proposed far-reaching changes to the taxation of capital gains and the treatment of property that is gifted or transferred at death, including calling for the taxing of capital gains at ordinary income rates, and treating the receipt of assets upon death as [...]

Biden Proposes Changes to Capital Gains & Transfer at Death Rules2021-07-02T12:29:02-04:00
15 06, 2021

The Impact of a Global Minimum Tax

2021-06-15T10:16:20-04:00

On Saturday, May 5, 2021, the Group of Seven (G7) countries (which include some of the world’s richest countries) agreed to a global minimum corporate tax rate of at least 15%. This plan could pave the way for a worldwide deal on a minimum corporate tax rate, which would have far-reaching implications for multinational firms. [...]

The Impact of a Global Minimum Tax2021-06-15T10:16:20-04:00
8 06, 2021

How the Biden Administration’s Proposed Budget Will Affect Taxes

2021-06-11T11:37:01-04:00

On May 28, 2021, the Biden Administration introduced its proposed $6 trillion fiscal year 2022 budget, which focuses heavily on infrastructure investments, clean energy initiatives, and potential tax changes affecting both corporations and individuals. The Journal of Accountancy recently published a comprehensive overview on how this proposed budget would affect taxes. These tax items include [...]

How the Biden Administration’s Proposed Budget Will Affect Taxes2021-06-11T11:37:01-04:00
4 06, 2021

How Blockchain Affects SOC for Service Organization Reports

2021-06-04T14:40:39-04:00

Has your service organization incorporated blockchain into its delivery systems? The Journal of Accountancy recently published a summary of the American Institute of Certified Public Accountants’ (AICPA’s) white paper on how blockchain systems affect performing SOC for Service Organizations reports. One key takeaway is that “management is responsible for identifying, assessing, documenting, and responding to [...]

How Blockchain Affects SOC for Service Organization Reports2021-06-04T14:40:39-04:00
12 05, 2021

7 Steps Businesses Should Take to Protect Against Cyberattacks

2021-05-24T09:22:10-04:00

Protection Against Cyberattacks When we think of cyberattacks, we generally think of the big ones that made the news – Equifax, Marriott, Adobe – where millions of people’s information was compromised.  Those were serious breaches, but small and mid-sized businesses actually are more at risk for a cyberattack because they often lack the knowledge and [...]

7 Steps Businesses Should Take to Protect Against Cyberattacks2021-05-24T09:22:10-04:00
15 04, 2021

The American Rescue Plan

2021-04-15T13:35:44-04:00

The American Rescue Plan (H.R. 1319) is a $1.9 trillion emergency legislative package to provide the resources needed to address the ongoing COVID-19 public health crisis and spur a strong economic recovery. It was signed into law earlier this year. What’s in it, and how does it impact you? Here are some of the highlights [...]

The American Rescue Plan2021-04-15T13:35:44-04:00
4 04, 2021

Amounts Paid for Some PPE Can Be Treated as Medical Expenses

2021-05-21T14:55:38-04:00

Did you know that Personal Protective Equipment (PPE) such as masks, hand sanitizer, and sanitizing wipes purchased for the prevention of the spread of COVID-19 may be treated as amounts paid for medical care under IRS Code Sec. 213(d)? In addition, these expenses are eligible to be paid or reimbursed under Health Flexible Spending Arrangements [...]

Amounts Paid for Some PPE Can Be Treated as Medical Expenses2021-05-21T14:55:38-04:00
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