The #USDOL issued new regulations on the #FamiliesFirstCoronavirusResponseAct. It includes revisions to the paid sick leave provisions. Learn more here: http://ow.ly/tEam50Bziee
#FFCRA #covid19 #paidsickleave #smallbusiness
BUCHBINDER.COM
U.S. Department of Labor Revises Families First Coronavirus Response Act Regulations | Buchbinder Tunick & Co
Are you working from home or collecting #unemployment? #COVID19 has resulted in many changes in our lives, and some of them have tax implications. http://ow.ly/TGSV50BwR1t
#wfh #tax #taximplications #taxplanning #workfromhome
BUCHBINDER.COM
Are You Working From Home or Collecting Unemployment? Be Aware of These Tax Implications | Buchbinder Tunick & Co
Taxpayers that need to request a letter ruling can have it expedited if they face a compelling need related to COVID-19. Read the details here: http://ow.ly/Cg0p50BtRfW
#covid19 #tax #IRS
BUCHBINDER.COM
Expedited Letter Ruling Procedures for COVID-19 | Buchbinder Tunick & Co
The #IRS is postponing the due date for reporting and paying certain excise taxes to January 15, 2021. Read the details here: http://ow.ly/2Jxb50BsMt8
#tax #covid19 #ebp #CARESAct
BUCHBINDER.COM
Due Date Postponed for Reporting and Payment of Certain Excise Taxes | Buchbinder Tunick & Co
Taxpayers and tax professionals can now electronically sign more #IRS forms. Six more forms have been added to this temporary procedure. Read the details here: http://ow.ly/Nkpj50BruCl
#covid19 #tax
BUCHBINDER.COM
More IRS Forms Can Be Digitally Signed | Buchbinder Tunick & Co
Have you claimed your #stimuluscheck yet? Non-filers have until October 15 to register on IRS.gov. Read the details: http://ow.ly/kzOH50BqbUZ
#EIP #economicimpactpayment #CARESAct #covid19 #tax #IRS
BUCHBINDER.COM
Deadline Is Approaching for Non-Filers to Claim Their Economic Impact Payments | Buchbinder Tunick & Co
New #SBA guidance clarifies that lenders must recognize the previously established extended deferral period for payments on all #PaycheckProtectionProgram loans, even if the executed promissory note indicates only a six-month deferral. http://ow.ly/8ncK50BOkeF
#PPP #smallbizrelief
JOURNALOFACCOUNTANCY.COM
SBA clarifies deferral period for PPP loan payments
Is your #nonprofit prepared for the new reporting requirements for gifts-in-kind? The #accounting standard update aims to protect donors and legitimate charities by requiring greater transparency about the contributions. http://ow.ly/R9NB50BNwuK
#fasb #nonprofits #GiftsInKind
BUCHBINDER.COM
Gifts-in-Kind: What Nonprofits Need to Know About New Reporting Requirements | Buchbinder Tunick & Co
The #IRS issued final regulations on the business expense deduction for meals and entertainment following changes made by the Tax Cuts and Jobs Act. http://ow.ly/4zNp50BMgGq
#TCJA #tax #businessexpense #accounting
JOURNALOFACCOUNTANCY.COM
IRS releases final rules on business meals and entertainment
Non-filers have more time to claim their #stimuluscheck. The #IRS extended the deadline to November 21. Learn more: http://ow.ly/RtcD50BLbDD
#EIP #covid19 #EconomicImpactPayment #CARESAct
BUCHBINDER.COM
Deadline for Non-Filers to Claim an Economic Impact Payment Is Extended to November 21 | Buchbinder Tunick & Co
It’s time to start thinking about year-end tax strategies for your #business and fourth quarter 2020 #tax filing deadlines. http://ow.ly/f6fh50BK2Yu
#taxdeadline #businesstax #taxcalendar
BUCHBINDER.COM
Tax Calendar: Key Deadlines for Businesses and Other Employers in Q4 2020 | Buchbinder Tunick & Co
Don't miss the latest COVID-19 news affecting you and your organization. Check out Buchbinder's Coronavirus Resource Hub: https://www.buchbinder.com/coronavirus
#smallbusiness #nonprofits #coronavirusrelief #smallbizrelief #covid19 #tax #accounting #coronavirus
BUCHBINDER.COM
Coronavirus | Buchbinder Tunick & Co
Check out an informative article from one of our partners on home office deductions.
ODWYERPR.COM
The Home Office Deduction After COVID-19
The #IRS will start issuing 500 series balance-due notices later this month, which were temporarily suspended in May. Read more: http://ow.ly/MSGD50C2X3b
#covid19 #tax #taxnotice
BUCHBINDER.COM
IRS Will Resume Issuing Balance-Due Notices | Buchbinder Tunick & Co
The #IRS released an early draft of the instructions for Form 1065, U.S. Return of Partnership Income. The revisions apply to the 2020 #tax year and include instructions for #partnerships required to report capital accounts to partners on Schedule K-1. http://ow.ly/OTcF50C0TJY
JOURNALOFACCOUNTANCY.COM
Draft instructions for partnership capital account reporting released
The Social Security Administration released the Social Security Wage Base for 2021. Learn how this may impact your business. https://www.buchbinder.com/what-you-need-to-know-about-the-2021-social-security-wage-base
#socialsecurity #smallbusiness #payrolltax #tax
BUCHBINDER.COM
What You Need to Know About the 2021 Social Security Wage Base | Buchbinder Tunick & Co
The #IRS has issued the 2021 limit for excepted benefit health reimbursement arrangements for plan years beginning after Dec. 31, 2020, and before Jan. 1, 2022. http://ow.ly/3edy50BYI6X
#HRA #healthcare #ebp #HRAs #healthreimbursementarrangement
JOURNALOFACCOUNTANCY.COM
Inflation-adjusted limit for 2021 HRAs issued
Temporary procedures to fax Forms 1045 and 1139 is ending on December 31, 2020. Learn more here:
http://ow.ly/Cwba50BXPGQ
#tax #covid19 #IRS #NOLs
BUCHBINDER.COM
Temporary Procedures to Fax Certain Forms Will Stop at Year-End | Buchbinder Tunick & Co
Congratulations to Kishan Rana, the recipient of Buchbinder's 2020 Montclair State University scholarship! We know you have a bright future ahead of you! http://ow.ly/tpnZ50Cdy6p
#scholarshipwinner #njcpa #msu #cpa
The #IRS has revived Form 1099-NEC, which was last used in 1982. This form will be used in 2021 to report 2020 non-employee compensation. Learn more: http://ow.ly/Ho4F50CsqXI
#tax #form1099nec #accounting
ACCOUNTINGWEB.COM
The New Form 1099-NEC Summarized
Are you applying for #PaycheckProtectionProgram loan forgiveness for your small business? There is new guidance from the #IRS on the deductibility of expenses as well as a safe harbor. Learn more: http://ow.ly/Wryd50CqAVg
#PPP #CARESAct #SBAloan #smallbizrelief #covidrelief
BUCHBINDER.COM
Paycheck Protection Program Loan Forgiveness: Expenses Not Deductible and New Safe Harbor Rule | Buchbinder Tunick & Co
The #IRS is planning to ramp up #audits of smaller businesses and their investors by about 50% next year, following years of persistently low examination rates. Read the details: http://ow.ly/c8xP50CpkQn
#businessaudit #audit
ACCOUNTINGTODAY.COM
IRS plans a 50% ramp-up in small-biz audits next year
Employers have extra time to meet the deadline for defined benefit plan contributions. The #IRS extended the January 1, 2021 due date to January 4. Learn more: http://ow.ly/zoc250Co8Aw
#definedbenefitplan #ebp #CARESAct #pensionplan
BUCHBINDER.COM
Deadline for Defined Benefit Plan Contributions Is Extended | Buchbinder Tunick & Co
The tables used to compute required minimum distributions from #retirement plans have been updated for 2022. Learn more: http://ow.ly/iama50Cn3KK
#retirementplans #RMD #tax #IRS
TAXPROTODAY.COM
RMD tables updated to reflect longer lives
We are excited to announce the launch of Buchbinder Information Technology Solutions, a suite of cybersecurity services for small and mid-size organizations. BITS is designed to help organizations assess inherent and residual #cybersecurity risks. http://ow.ly/w82s50DnOWv
BUCHBINDER.COM
Buchbinder Launches a Cybersecurity Services Practice | Buchbinder Tunick & Co
Corporations may qualify for the new 100% limit for disaster relief contributions. Learn how your corporation can take advantage of this deduction: http://ow.ly/WMvD50DuFdO
#accounting #businessdeduction #IRS #tax #disasterrelief
BUCHBINDER.COM
Deduction Limit Increases for Corporate Disaster Relief Contributions | Buchbinder Tunick & Co
The #IRS is warning taxpayers of an identity theft scam involving fraudulent claims for state unemployment benefits. http://ow.ly/6vQ350Drk84
#identitytheft #covid19 #taxscam
JOURNALOFACCOUNTANCY.COM
Beware of identity theft scam involving unemployment benefits
The Small Business Administration issued some preliminary guidance on how a new federal program to provide help to hard-hit playhouses, movie theaters, museums and other venues will work. http://ow.ly/LHG550Dqf98
#SBA #covid19 #covid19relief #smallbizrelief
ACCOUNTINGTODAY.COM
SBA offers guidance on aid to shuttered entertainment venues
New FAQs from the #IRS cover the extended employee retention credit and the second economic impact payment. http://ow.ly/fkBa50Dpq5C
#covid19 #smallbizrelief #tax #economicimpactpayment
BUCHBINDER.COM
Updated FAQs on COVID-19 Related Tax Credits | Buchbinder Tunick & Co
You may want to consider filing your 2020 #tax return early to receive any refund early as well as prevent tax identity theft. http://ow.ly/yXDP50Dl4uN
#taxreturn #taxdeadline #identitytheft
BUCHBINDER.COM
Why You May Want to File Your 2020 Tax Return Early | Buchbinder Tunick & Co
