Insights

IRS proposes new regulations for mandatory e-filing

IRS proposes new regulations for mandatory e-filing

IRS proposes new regulations for mandatory e-filing of business and information returns. IRS reduces form threshold numbers.
The IRS launches new Tax Pro Account

The IRS launches new Tax Pro Account

The IRS’s new Tax Pro Account platform allows individual taxpayers to digitally approve, sign and grant authorizations to representatives.
Paid leave for employees impacted by COVID-19 in 2021

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.
SBA formally withdraws loan necessity questionnaire

SBA formally withdraws loan necessity questionnaire

Small Business Administration, in light of lawsuit, notifies PPP lenders that loan necessity questionnaire is withdrawn.
Long-term rates are falling again

Long-term rates are falling again

Yields on longer-term Treasuries have recently retreated. We examined several key factors behind the moves and what to watch going forward.
Employers face penalties on health plans under the Affordable Care Act

Employers face penalties on health plans under the Affordable Care Act

Employers that do not provide Affordable Care Act-compliant health coverage are in danger of being assessed IRS penalties.
Washington payroll tax for long-term care benefits effective in 2022

Washington payroll tax for long-term care benefits effective in 2022

All employees in Washington state affected by new 0.58% payroll tax; limited opt-out period beginning Oct. 1, 2021
Missing participants in a retirement plan

Missing participants in a retirement plan

A retirement plan is required to maintain contact information for participants and beneficiaries who are owed a benefit under the plan.
Tax aware investing

Tax aware investing

Proposed changes to capital gains tax rates, review of benefit and considerations for systematic Tax Loss Harvesting and more.
State tax law changes for the second quarter of 2021

State tax law changes for the second quarter of 2021

A summary of important updates for determining deferred tax provision under ASC 740 for the quarter ending June 30, 2021.
Coronavirus: Updates about certain Provider Relief Fund requirements

Coronavirus: Updates about certain Provider Relief Fund requirements

We updated the discussion about certain government assistance in our Coronavirus: Financial reporting considerations white paper.
Cybersecurity considerations and trends for board and audit committees

Cybersecurity considerations and trends for board and audit committees

As cybersecurity threats emerge and expand, boards of directors have increased responsibility to address potential threats.
Value stocks leading the market; can it last?

Value stocks leading the market; can it last?

Value stocks have outperformed year to date. We look at what may lie ahead to see if this trend can continue. Read more.
IRS adds vehicles to qualified plug-in vehicle list

IRS adds vehicles to qualified plug-in vehicle list

The IRS has added the 2021 Hyundai Ioniq to list of vehicles eligible for section 30D credit affecting buyers and lessors of these vehicles.
IRS denies like-kind exchange treatment for most cryptocurrency trades

IRS denies like-kind exchange treatment for most cryptocurrency trades

In a new IRS Legal Memo, the IRS opines that most pre-TCJA exchanges of one cryptocurrency for another did not qualify for gain deferral.