Blog Archives

Research and Development in the Age of Covid-19

12/30/2020

Over the past 10 years or so, companies have spent trillions of dollars on research and development (R&D). To remain competitive after the Covid-19 pandemic ends, companies must continue making these investments. But they need to rethink how they do that.

Supply Chains of the Future

12/30/2020

Paid Sick and Family Leave: The Tax Rules

12/30/2020

As of this writing, 15 states and Washington, D.C., require paid sick leave, while eight states and Washington, D.C., require paid family leave. Many local governments also mandate paid sick or family leave.

Aid Package Signed Into Law

12/30/2020

The much discussed aid package has been signed into law after significant delay and controversy. We'll be revisiting this topic in the coming days as the details become clearer. Meanwhile, here are the key takeaways:

IRS Introduces the New Form 1099-NEC

12/16/2020

The IRS has introduced a new Form 1099-NEC, Nonemployee Compensation. It's a sibling to Form 1099-MISC and replaces it for certain purposes. You must file it for each person in the course of your business to whom you have paid at least $600 during the year for the following:

Don't Get Over Your Head in Investing

12/16/2020

One of the big investing stories of 2020 involved Robinhood and similar companies, which offer free or low-cost trades. Although such companies may claim to democratize investing, critics say these apps can "gamify" investing and encourage short-term excitement over long-term plans. For example, when users make their first trades, digital confetti falls in the app. It also includes a watch list of stocks for users to track. Robinhood's investment app stands out for offering a streamlined trading platform and free cryptocurrency trading. Its account minimum is $0.

Business Interest Expense: The New Rules

12/16/2020

The IRS released the final regulations and other guidance on the limitation on the deduction for business interest expenses under the Tax Cuts and Jobs Act of 2017 that was amended by the CARES Act of 2020.

How Are Trusts Taxed?

12/16/2020

A trust can be a powerful estate-planning tool, but contrary to popular belief, trusts do not make all taxes disappear. The families who set them up still need to consider tax consequences.

4 Tips for Planning for Your Post-Retirement Future

12/2/2020

With age, the focus often turns from planning for the purchase of a bigger home to planning to have enough income to live well after retirement. Many factors contribute to this calculation, but following are four common considerations:

Major Changes Come to Kiddie Tax

12/2/2020

The SECURE Act's fix to the TCJA glitch — that's how Forbes describes what's been going on with the football that is called the Kiddie Tax. When the Tax Cuts and Jobs Act changed the way the Kiddie Tax was figured, it caused a lot of concern for families with children with unearned income. The fix is retroactive for 2019 and 2018 returns.

<<Previous

Research and Development in the Age of Covid-19

Supply Chains of the Future

Paid Sick and Family Leave: The Tax Rules

Aid Package Signed Into Law

IRS Introduces the New Form 1099-NEC

Don't Get Over Your Head in Investing

Business Interest Expense: The New Rules

How Are Trusts Taxed?

4 Tips for Planning for Your Post-Retirement Future

Major Changes Come to Kiddie Tax

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Newsletter articles are posted every 2 weeks.