State Tax Treatment of Unemployment Benefits
Because of COVID-19, the state tax treatment of unemployment benefits will be a bigger deal than usual when individuals file their state returns for tax…
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XCM Solutions, now a part of Wolters Kluwer, named Boston’s Best and Brightest Companies to Work For®
Wolters Kluwer highlights recent XCM Solutions recognition Today, Wolters Kluwer announced that its recent acquisition in the Tax & Accounting division, XCM® Solutions, was named by the National…
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Home Improvement Tax Provisions: Key Considerations to Weigh Prior to Construction
Pandemic drives popularity in home improvement projects Many people working from home during the COVID-19 pandemic have considered this time as an opportunity to look…
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The SBA addresses those worried about the 10/31/20 expiration date on the 3508 series forms
The SBA addresses those worried about the 10/31/20 expiration date on the 3508 series forms. The deadline to apply for forgiveness of a PPP loan…
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New Jersey Enacts Tax Increases to Close Budget Gap
New Jersey enacted several tax increases as part of a revised Fiscal Year 2021 budget, including: increasing the Millionaire’s tax;extending the 2019 Corporate surtax rate;…
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Tax Implications Exist for Taxpayers Making 2021 Healthcare Plan Elections
COVID-19 and ACA SCOTUS arguments may impact healthcare selections In light of the COVID-19 pandemic, health insurance coverage is particularly important this year. The Internal…
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States Respond to Qualified Improvement Property Depreciation Change
Many states automatically conform to the CARES Act correction reducing the MACRS recovery period of qualified improvement property from 39 years to 15 years. The…
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SBA and Treasury Issue Simplified PPP Forgiveness Process for Loans of $50k or Less
On October 8th, the SBA and Treasury rolled out a simpler PPP forgiveness process for loans $50,000 or less. Instructions for the new $50k PPP…
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California Makes Changes to Worker Classification Law
California enacted new exceptions to the worker classification provisions of A.B. 5, Laws 2019. The provisions state when a worker is an employee rather than an…
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Special Report: How COVID-19 is changing business sales tax obligations and enhancing risk [Part 14]
Manufacturers and Distributors Sales and Use Tax Risk and Complexity Have Soared: Wayfair and the Pandemic Impact COVID-19 is changing the way we do business,…
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