An Update on the 2020 Tax Season
(UPDATE: The IRS just announced that the tax deadline will be delayed until May 15th. More on this to come.) The passage of the American Rescue Plan Act of…
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Families First Coronavirus Relief Act Offers Tax Credits for Sick Leave and Family Leave
Last March, the Families First Coronavirus Relief Act (FFRCA) was passed to help support employers and employees impacted by the pandemic. This act requires certain employers to offer paid sick…
Biden Proposal Could Reshape Retirement Accounts
Joe Biden and Kamala Harris have a proposal for retirement accounts that could change the way many people save for retirement. The intent of this proposal is to increase retirement…
Executive Action for Payroll Tax Deferral is Not a Payroll Tax Cut
On August 8, 2020, President Trump signed an Executive Memorandum that entitled employers to defer the withholding, deposit, and payment of employees’ portion of Social Security tax for beginning on…
Impact of the New Internet Sales Tax Law on Florida Businesses
On June 21, 2018, the U.S. Supreme Court changed the sales tax landscape with its decision in South Dakota v. Wayfair. Prior to this decision, states were not allowed to…
How Will the New Tax Law Impact Your Paycheck?
The Tax Cuts and Jobs Act of 2017 brought sweeping changes to individual income tax. And with those changes, you might see changes to your take-home pay. We’ll take a…