Biden Tax Plan: International Tax Implications
The international tax landscape is shifting based on recent reports from the White House, Senate Finance Committee and U.S. Treasury.
The Impact of Biden’s Proposed $2.3 Trillion Infrastructure Plan on the Construction Industry
President Biden recently unveiled his new $2.3 trillion infrastructure package, the American Jobs Plan. The construction industry will benefit in several ways, but there are mixed reactions on different aspects of the legislation.
Nine Research and Development Tax Credit Myths Costing You Money
Misconceptions about the federal research and development tax credit leave many companies paying more tax than required.
Guidance Issued for Employers Claiming the Employee Retention Credit
Notice 2021-20 clarifies retroactive changes made to ERTC and PPP interaction and incorporates several previous frequently asked questions.
Navigating Maryland’s New Sales Tax on Digital Products
Maryland businesses are getting caught by surprise by a recently enacted law that subjects digital products to sales tax. Digital products may include movies, books, software, and online training and it’s not always straightforward to determine what’s taxable.
Senate Passes Extension of Paycheck Protection Program to May 31
PPP extension clears Senate. Program to be extended to May 31, with 30 days provided after May 31 for SBA to process pending applications.
9 Important Tax topics for Individuals and Business Owners in 2021
Managing significant tax changes will ensure individuals and businesses are positioned for success for the remainder of 2021 and beyond.
American Rescue Plan Act Provides Aid to Pension Plans
The American Rescue Plan Act provides significant aid and funding for suffering pension plans, in part through direct financial assistance.
Do You Qualify for the Employee Retention Credit?
The Employee Retention Credit (ERC) incentivizes organizations to keep employees on the payroll during COVID-19, and with new rules, it’s possible to claim as much as $14,000 per employee in 2021.
Overview of Final Regulations for 1031 Exchanges
Since the Tax Cuts and Jobs Act, the treatment of 1031 exchanges has been more complex, nuanced, and limited according to varying definitions of real property. Now with final regulations, real estate investors can make more informed decisions about which properties qualify.