SECURE 2.0 created emergency accounts. Will 401(k) plans use them?
The IRS and Labor Department issued guidance on the new savings vehicles, but advisers have questions.
Tax
States, cities brace for higher wage costs after hiring binge
Buoyed by tax revenue and federal stimulus funds, municipalities across the U.S. didn't hold back when replenishing their workforce.
Is your small business eligible for the Employee Retention Tax Credit?
Sarah Mahlof, founder of ezGrants, explains how employers could receive up to $26,000 in cash refunds.
5 ways ‘SECURE 2.0’ legislation could change retirement savings
A new bill taking shape in Congress is full of popular ideas and backed by both parties. But some experts say it doesn’t go far enough.
This tech platform is solving tax headaches for small businesses
Sixty-four percent of small business owners report that managing federal business income taxes creates an administrative burden.
MacKenzie Scott, Melinda French Gates give $40 million to gender equality groups
Philanthropists MacKenzie Scott and Melinda French Gates joined forces to give $40 million to four organizations that promote gender equality. The recipients were part of the Equality Can’t Wait Challenge, which was announced last year by Scott and French Gates and also funded by billionaire Lynn Schusterman’s family foundation. The projects winning $10 million each […]
Younger employees love this $100,000 workplace perk
Blackstone Gives Back Challenge offered $100,000 to non-profit organizations.
WFH at risk of turning into a tax nightmare for employees
Expert warns of a worst-case scenario for COVID jet-setters — filing multiple tax forms in different countries while also losing any benefits from tax treaties between jurisdictions.
HR copes with tax challenges of remote work
The work-from-home environment is producing tax complexities for companies and their human resources departments.
Bill offers tax credits to businesses owned by women, POC
The legislation aims to reduce inequality by giving more entrepreneurs access to capital through tax incentives.
Supreme Court seeks Biden DOJ views on work-from-home taxes
Certain states are taxing nonresidents who used to work in the state but now do their jobs from home during the COVID-19 pandemic.
A dozen tax tips for the 2021 filing season
Our panel of experts have identified these 12 credits, deductions and more as worth particular attention this year.
IRS and Treasury start depositing stimulus payments
The initial direct deposits of the second round of economic impact payments are already going out to taxpayers.
New coronavirus stimulus package contains some big tax items
The latest round of coronavirus stimulus legislation includes some major tax provisions and changes for accountants to watch out for in the New Year.
3 alternative ways clients can use an HSA
From COBRA premiums to long-term care, there are surprising uses for funds in these tax-advantaged accounts.
Benefits Think Creating a game plan for year-end processes
Get specific about when and how to close out administrative checkpoints for the end of the year, and delegate responsibilities accordingly.
Craig Rubino
Morgan Stanley at Work
Should employers implement a work-from-home tax?
Strategists from Deutsche Bank propose a 5% levy for those who work from home on a regular basis and not because of a government lockdown mandates. Such a measure could raise $48 billion a year in the U.S.
New twists in year-end tax planning
COVID-19, the election and much more all need to be taken into account.
IRS sets end date for faxing refund claim forms amid coronavirus
The Internal Revenue Service is giving taxpayers until the end of the year before it stops its temporary procedures for faxing in Forms 1045 and 1139 for claiming tentative tax refunds.
Top 10 year-end tax planning tips
The CARES Act will play a critical role, according to Grant Thornton.