Tax Articles
COBRA Provision under the American Rescue Plan Act
Posted by Kerry Roets on April 21, 2021
Do you have former employees currently on your COBRA rolls? Or employees that have been laid off within the last 18 months who haven't enrolled in COBRA but still could? Your company might need to pay for those COBRA benefits upfront for up to six months before recouping that expense via tax credits.
Temporary Changes to the Child and Dependent Care Credit
Posted by Kevin Smeader on April 13, 2021
The American Rescue Plan Act liberalizes the child and dependent care credit for 2021. But the changes won't help high-income households.
Employee Retention Credit FAQs Released For 2020 Claims
Posted by Megan Morris on April 12, 2021
Under the 2020 ERC rules, 50% of qualified wages and healthcare expenses (up to $10,000 of wages per employee in 2020) are fully refundable if paid by businesses that experienced a full or partial suspension of their operations or a significant decline in gross receipts.
Planning Perspectives: Key Potential Changes Under President Biden’s Tax Plan
Posted by Cheryl A. Jankowski on April 08, 2021
Review some of the specifics of Biden’s proposed tax changes and how they would affect individuals and households.
R&D Tax Credits for the Technology & Software Industry
Posted by Kristin Re’ on April 08, 2021
Generate cash from your past and future investments to develop or improve software.
R&D Tax Credits for the Manufacturing Industry
Posted by Kristin Re’ on April 08, 2021
The manufacturing industry alone claims annual R&D tax credits in excess of $7.4 billion.
NY Budget Deal Includes Pass-Through Entity SALT Cap Workaround
Posted by Mark Stack on April 07, 2021
An outcome of the 2022 FY New York State budget, passed on April 7, 2021, includes a circumvention of the federal limit on State and Local Tax (SALT) deductions.
Tax Increases and SALT Relief Come Out of New York Budget Finalization
Posted by Cory Van Deusen V on April 07, 2021
In the early morning hours of Tuesday, April 7, 20201, New York state leaders agreed on a $212 billion budget that includes increased tax rates for both large businesses and the wealthy in New York State.
R&D Tax Credits for the Healthcare Industry
Posted by Kristin Re’ on April 07, 2021
Capitalizing on evolving patient care through past, present, and future innovation.
R&D Tax Credits for the Life Sciences Industry
Posted by Kristin Re’ on April 07, 2021
Generate cash from your past and future investments in developing or improving products, formulas or devices, or advancing medical and pharmaceutical technology.