Sales and Your Business During Pandemic
Businesses revise sales compensation models during pandemic Economists will look back on 2020 as a year with a distinct before and after. In early March, most companies’ sales projections looked…
Health Savings Account: IRS Releases 2021 Amounts
Health Savings Accounts for 2021 Recently the IRS released the 2021 inflation-adjusted amounts for Health Savings Accounts (HSAs). Health Savings Account Basics A HSA is a trust created or organized…
Virtual Team Building – How to Succeed
Virtual team building while working remotely Thanks to affordable technology, more and more companies have been allowing employees to work remotely in recent years. It’s become feasible to procure laptops,…
IRA Deductible Contribution There’s Still Time
Have You Made an IRA Contribution Yet Do you want to save more in your IRA for retirement on a tax-favored basis? If so, and if you qualify, you can…
Hiring independent contractors during COVID-19?
Hiring independent contractors? Make sure they’re properly classified. As a result of the coronavirus (COVID-19) crisis, your business may be using independent contractors to keep costs low. But you should…
Financial Reporting During the COVID-19 Pandemic
Financial reporting and adjusting your financial statements The Corona-virus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, 2020, contains several tax-related provisions for businesses hit…
Layoffs and Furloughs – Which is Which?
What are the key distinctions between layoffs and furloughs? Layoffs and furloughs, is it time to decide? As businesses across the country grapple with the economic fallout from the novel…
Economic Impact and COVID-19
Economic Impact of COVID-19: IRS announces more relief and details In the midst of the coronavirus (COVID-19) pandemic, Americans are focusing on their health and financial well-being. To help with…
CARES Act provides option to delay CECL reporting
Should You Delay CECL Reporting The Coronavirus Aid, Relief and Economic Security (CARES) Act was signed into law on March 27. Among other economic relief measures, the new law allows…
CARES Act Changes Contribution Rules
CARES ACT changes retirement plan and charitable contribution rules As we all try to keep ourselves, our loved ones, and our communities safe from the coronavirus (COVID-19) pandemic. You may…