Insights

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.
Business vulnerability: 4 lessons learned from the COVID-19 pandemic

Business vulnerability: 4 lessons learned from the COVID-19 pandemic

Learn from the business vulnerability lessons organizations experienced throughout the COVID-19 pandemic. Read now.
Tax-free student loan payments

Tax-free student loan payments

COVID-19 legislation permits taxpayers to provide tax-free payments for certain student loan payments through 2025.
The pandemic may not be over, but the office as we knew it is

The pandemic may not be over, but the office as we knew it is

Virtual workforce opportunities have allowed employees to become transient, potentially increasing or reducing your state tax obligations.
PPP forgiveness and expenses: State tax implications

PPP forgiveness and expenses: State tax implications

States may not allow the gross income tax exclusion provided by the federal program, resulting in taxable discharge of indebtedness income.