Insights

IRS releases 2022 limits for depreciation deductions for autos

IRS releases 2022 limits for depreciation deductions for autos

The IRS recently released Rev. Proc. 2022-17, providing the 2022 limits on depreciation for passenger automobiles under section 280F.
The risk of disrupted agricultural exports

The risk of disrupted agricultural exports

As Russia’s invasion of Ukraine takes a mounting human and economic toll, it also has the potential to threaten the food supply for millions of people who depend on agricultural commodities from those two countries.
State tax law changes for the first quarter of 2022

State tax law changes for the first quarter of 2022

A summary of important updates for determining deferred tax provision under ASC 740 for the quarter ending March 31, 2022.
A key inflation gauge surged in February, dampening spending

A key inflation gauge surged in February, dampening spending

The likelihood of a 50 basis-point rate hike by the Federal Reserve in May increased on Thursday as the government reported that a key inflation gauge continued…
SEC proposes rules regarding cybersecurity-related disclosures

SEC proposes rules regarding cybersecurity-related disclosures

On March 9, the SEC released proposed rule amendments regarding various required cybersecurity-related disclosures.
U.S. gender pay gap narrows

U.S. gender pay gap narrows

Do men continue to make more than women? Overall, it would appear so, but we see some encouraging trends below the surface.
Inflation and the middle market

Inflation and the middle market

The economic growth and emboldened labor market of the past year require a different policy response than the previous two business cycles.
Markets pause as new Covid variant fed tapering overshadow stimulus

Markets pause as new Covid variant fed tapering overshadow stimulus

The emergence of the omicron variant and more comments by the Federal Reserve led to heightened market volatility late in the month.
Important upcoming deadline for deferred payroll tax

Important upcoming deadline for deferred payroll tax

The first payment deadline for deferred payroll taxes is quickly approaching and employers should be prepared to make payments.
Looking ahead to 2022

Looking ahead to 2022

Nearly two years into the pandemic, there are signs that the worst of a once-in-a-century shock to the global economy is beginning to fade.
IRS releases guidance on Q4 removal of employee retention credit

IRS releases guidance on Q4 removal of employee retention credit

Employers need to react quickly to the new guidance to pay in amounts as if they were incurred on Dec. 31, 2021.
IRS releases guidance on timing of tax-exempt income for PPP loans

IRS releases guidance on timing of tax-exempt income for PPP loans

IRS releases Rev. Procs. 2021-48, 2021-49 and 2021-50 to address the treatment of tax-exempt income for PPP loans.
House passes infrastructure legislation; sends bill to President Biden

House passes infrastructure legislation; sends bill to President Biden

Bipartisan infrastructure bill passes House with bipartisan vote. President Biden expected to sign by end of next week.
IRS releases 2022 retirement plan limitations

IRS releases 2022 retirement plan limitations

The IRS has released its annual cost-of-living adjustments for retirement plan limits, effective Jan. 1, 2022.
Employer compensation considerations for remote workers

Employer compensation considerations for remote workers

Employers must set compensation policies for remote workers taking into account federal and state tax laws and state legal requirements.