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Articles

6 tips for CPAs on newest round of PPP funding
Business leaders and the CPAs who serve them will need to use a variety of strategies all at once as they pursue economic support in the newest round of Paycheck Protection Program (PPP) funding.
Overcoming Tax Policy Issues for Remote Workers
Working from home has been the reality for millions of Americans for months due to the COVID-19 pandemic, but it also creates new tax challenges for employers. Many staff members reside in one state but work for a company in another. In her first...
Evaluating Technology to Drive Firm Efficiency
I have long embraced the latest and greatest technology tools and viewed them as the way to make our lives easier and give us more freedom. So, having this belief from the onset of my firm’s existence clarified that my firm would be tech forward...
CT budget leaders want to use massive savings to expand COVID-19 relief
While the rosy revenue projections have drawn a lot of attention recently, another factor — savings — is pumping hundreds of millions of dollars into Connecticut’s coffers. Gov. Ned Lamont’s administration expects to spend about $630 million...
Lamont to lead NGA task force on pandemic response
Gov. Ned Lamont will co-chair a National Governors Association task force on pandemic and disaster response, an appointment made by New York Gov. Andrew Cuomo, the NGA chair and a close collaborator in crafting a regional response to COVID-19.
What will happen to estate, gift and generation-skipping transfer tax exemptions in 2021 and beyond?
With the inauguration of President Joe Biden and a congress narrowly controlled by the Democratic party, many clients and estate planners have begun to worry about what, if anything, will happen to the federal estate, gift and generation-skipping...
Employers can withhold, make payments of deferred Social Security taxes from 2020
The Internal Revenue Service today released Notice 2021-11 PDF addressing how employers who elected to defer certain employees' taxes can withhold and pay the deferred taxes throughout 2021 instead of just the first four months of the year. In...
Partner capital account reporting gets transition penalty relief
The IRS provided transition penalty relief Tuesday to partnerships in complying with new rules for reporting partners’ capital account balances.
Employee Retention Credit Under COVID-19 Relief
Here is a recap of the Employee Retention Credit under the CARES Act and the higher-impact modifications under the latest COVID-19 Relief Package.
New Year, New City? Workers And Managers Reveal Relocation Plans Amid Pandemic
A new study by global staffing firm Robert Half shows relocation is a big consideration for professionals and employers right now. More than half of workers surveyed (51%) said they would consider moving to a different city if their company...