Spring unclaimed property deadlines are coming up
There’s no rest in Finance! For some companies, the next few months bring important spring unclaimed property reporting deadlines.
Accounting
Disaster relief donations get limited-time 100% deduction
If your company makes a cash charitable contribution for disaster relief, you can take a larger deduction. But only if you act fast. Your company can deduct up to 100% of your taxable income for cash contributions for relief efforts in qualified disaster areas. That’s due to the Taxpayer Certainty and Disaster Tax Relief Act […]
PPP Round 2 loans open for business! Can you take advantage?
If you’re looking to take advantage of the newest round of Paycheck Protection Program (PPP) loans, the time is now! The Small Business Administration has started taking applications for the recently re-opened First Draw Loans (Jan. 11, 2021), as well as the new Second Draw Loans (Jan. 13, 2021). Here’s what you need to know […]
More IRS small business audits coming in 2021
If the chaos of the pandemic and year-end caused your finance team to put the idea of an IRS audit on the backburner, now’s the time to bring that focus front and center again.
Form 1099 reporting requirements for tax year 2020
The holidays have passed, year-end work is in full swing, and 1099 reporting deadlines for 2020 are right around the corner.
6 key provisions for Finance in new COVID relief package
The new COVID relief package has arrived, and employers have a lot to sort through. The $900 billion Consolidated Appropriations Act, 2021 makes changes that will help businesses and individuals. And both will require your company’s involvement. To ensure your company and your employees take full advantage of everything in the 5,593-page new law, CFO […]
IRS increasing focus on Form 1042-S compliance
How confident are you that your finance staff is accurately and timely filing Forms 1042-S? IRS has its eye on those information returns.
IRS announces the 2021 standard mileage rate
For most, this new year represents a clean slate, a time to reflect and refocus. For CFOs, it also brings the 2021 standard mileage rate.
2021’s legal and banking holidays, courtesy of IRS
A big part of year-end prep includes getting ready for the next year, which means figuring out where legal and banking holidays fall in 2021.
