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    Employment Tax

    independent contractors

    Labor Department Reverses on Rule Treating Gig Workers as Independent Contractors

    June 7, 2021

    The U.S. Department of Labor (DOL) has withdrawn a rule put in place by the Trump Administration that would have treated workers in the gig economy as independent contractors instead of employees under federal labor law. In early 2021, under... Read More


    PPP Recipients Who Skipped 2020 Deductions Can Take Them in 2021

    May 19, 2021

    Taxpayers who did not take deductions in 2020 because of the IRS’s earlier position on forgiven PPP loans may be able to take the deductions in 2021, according to new IRS guidance. In the early days of the PPP program,... Read More

    working from home

    Working From Home – Tax Implications for Employers

    May 4, 2021

    By – Kristin Popp-Inegbedion As employers around the world passed their one-year anniversary of working from home, many tech companies announced their employees will not have to return to offices and instead can work remotely from anywhere. Even Ford announced... Read More

    corporate tax

    Biden Seeks Corporate Tax Increases to Fund Infrastructure Plan

    April 15, 2021

    Increasing the corporate tax rate to 28% is the cornerstone of President Biden’s Made in America Tax Plan, unveiled as part of a proposed $2 trillion infrastructure and jobs program. Other tax provisions target international profit shifting, offshoring incentives and... Read More

    employee retention credit

    How to Claim the Employee Retention Credit for 2021

    April 15, 2021

    The IRS has issued guidance for employers claiming the Employee Retention Credit for the first two calendar quarters of 2021. The American Rescue Plan of 2021 allows eligible employers to claim a refundable tax credit against the employer share of... Read More

    New Bill Boosts PPP Funding as IRS Offers Details on Employee Retention Credit for PPP Borrowers

    March 17, 2021

    The PPP loan program has gotten another boost from Congress in the American Rescue Plan Act of 2021 with an additional $7.5 billion in funding. The latest COVID relief legislation also expands the eligibility of news organizations and non-profits for... Read More

    Executive Compensation Deduction Rules Allow More Transition Relief

    January 25, 2021

    The IRS has finalized rules for the deduction limitation on executive compensation which was revised by the TCJA. The 2017 changes further restricted the deduction, applying it to the five top executives of large publicly held corporations, including the Principal... Read More

    IRS Provides More Details on the Employee Retention Credit

    May 26, 2020

    Under the CARES Act, employers get a refundable payroll tax credit for 50% of the first $10,000 in wages paid to employees during the COVID-19 crisis. The credit is allowed against the employer portion of social security taxes on wages... Read More

    self-employment tax

    Working for a Disregarded Entity? Partners Must Still Pay Self-Employment Tax

    August 5, 2019

    The IRS has finalized a set of 2016 regulations that require partners who work for a disregarded entity owned by their partnership to pay self-employment tax on any compensation they receive. At 15.3%, the self-employment tax is a serious tax.... Read More

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