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July 9, 2020
IRS Provides Guidance on Distribution and Contribution Provisions in CARES Act
The Internal Revenue Service (IRS) recently issued three notices that provided welcome guidance on provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was signed into law on March 27, 2020.
Attorneys Accused Of Fraud In Hawking Easement Tax Scheme
Georgia-based attorneys, accountants and appraisers conspired to defraud hundreds, if not thousands, of individual investors by marketing syndicated conservation easement schemes they knew wouldn't pass muster with the IRS, according to a lawsuit filed in federal court.
Reporting Requirements Impact Private Colleges and Universities
Private colleges and universities face reporting changes.
July 8, 2020
By Karen McLeese
Massachusetts: MCC Updates
Massachusetts has issued the minimum creditable coverage (MCC) cost of living adjustments for the 2021 tax year.
New ACA Preventive Services
The Affordable Care Act requires health plans to cover certain preventive services, without imposing any cost-sharing requirements, when such services are delivered by in-network providers. The types of covered preventive services, some of which are recommended by the U. S. Preventive Services Task Force, are updated periodically.
Disaster Relief Donation Option
Often when a significant national or local emergency or disaster event occurs, an employee may wish to assist those individuals impacted by the event by donating his/her unused paid time off. Specific to the coronavirus pandemic, the IRS developed a mechanism to provide certain tax relief for employees and employers to facilitate this process.
Supreme Court Rules on Sex
In a 6-3 ruling, the Supreme Court determined that sex is inextricably connected with gender identity and sexual orientation. Therefore, the Title VII definition of sex is defined broadly to include all matters relating to sex.
July 8, 2020
Oregon Clarifies Corporate Activity Tax, Including Foreign Exclusions
Oregon is allowing the exclusion of certain foreign entities from tax filing groups in calculating the state's corporate activity tax and clarifying other aspects of the tax under a bill signed by the governor.
July 7, 2020
A Loan Recipient's Guide to PPP Loan Forgiveness
Paycheck Protection Program (PPP) loan recipients will be under scrutiny when applying for forgiveness.
Attending to Employee Wellbeing: a Must for Retention & Attraction
As the country continues to reopen, employees will have more employers to choose from, so organizations must tend to employee wellbeing and safety in order to be an employer of choice.