1099 Reporting Change for 2020
ALERT: For those using QB, the recent maintenance update for QB includes the changes necessary to process the 1099-NEC Forms. …
Executive Order Delaying Payments of Employee Social Security Taxes
On August 8, 2020, President Donald Trump issued a presidential memorandum allowing employees to defer the social security portion of…
Additional PPP Forgiveness Guidance Released
On August 11th the SBA released additional Frequently Asked Questions specifically related to the expenses eligible for PPP loan forgiveness. …
New Regional Sales and Use Tax in Central Virginia Region
Effective Oct.1, 2020, a new 0.7% regional retail sales and use tax will be levied in localities in Central Virginia….
Employees Working at Home? Rethink Your Space Needs
For some employees, working from home is a personally liberating experience that contributes to greater productivity. For others, not so…
Hobby or Business? How to Treat COVID-19 Sideline Activities for Taxes
Today, many people sell homemade products online or work on some unincorporated sideline venture outside of their regular day jobs….
Monitor These 3 Things as Your Nonprofit’s Priorities Change
Several months into the COVID-19 crisis, most not-for-profit organizations have formulated at least a temporary plan for sustaining operations. But…
ERISA Notices During the COVID-19 Crisis
Here’s a question about the timing of ERISA Group Health Plan communication during the pandemic. Q: We understand that the…
401(k) Plan Amendments Due to COVID-19
Here’s a question from a company about waiving the required minimum distribution (RMD) requirement for their 401(k) plan participants. Q….
Here to Learn the Trade – Welcome Summer Interns!
Mitchell Wiggins welcomes Kelsey Bruce, Earl Rimel & Tyler Spiers to the team! Learn more about our teams by visiting…