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ALERTS AND ARTICLES
Stay up to date with the most recent industry news and what’s happening at Topel Forman
The American Rescue Plan Act provides sweeping relief measures for eligible families and businesses (March 18, 2021)
Because the American Rescue Plan Act is such an expansive piece of legislation, it’s likely you, your family or your business can benefit from it.
Tax Alert: Payroll Provisions of the American Rescue Plan Act (March 12, 2021)
This tax alert focuses on updates from the American Rescue Plan, 2021 (ARPA, 2021), signed by President Biden on March 11, 2021.
Estimated tax payments: The deadline for the first 2021 installment is coming up (March 10, 2021)
Are you required to make estimated tax payments because you don’t pay enough tax in withholding? Here are the rules.
Get to Know: Jason Glickley
Saving for retirement can help make your future brighter. Recent tax law changes might allow you to save more with your IRA or retirement plan.
Retiring soon? Recent law changes may have an impact on your retirement savings (March 3, 2021)
Saving for retirement can help make your future brighter. Recent tax law changes might allow you to save more with your IRA or retirement plan.
Didn’t contribute to an IRA last year? There still may be time (February 11, 2021)
Saving now for retirement is one of the best moves you can make to help ensure financial security. If you’re eligible, you still have time to contribute to an IRA or SEP and save on your 2020 tax return.
Many tax amounts affecting businesses have increased for 2021 (February 11, 2021)
How much do your employees have to earn in 2021 before they can stop paying Social Security tax? How much can they contribute to 401(k) plans this year? Here are the answers to these and other questions about tax-related inflation adjustments and changes affecting businesses.
2021 individual taxes: Answers to your questions about limits (February 9, 2021)
How much can you contribute to an IRA for 2021? How much is the standard deduction? Here are some Q&As about these and other tax-related amounts for 2021.
The power of the tax credit for buying an electric vehicle (February 3, 2021)
Although electric vehicles are a small percentage of the cars on the road today, they’re increasing in popularity. And if you buy one, you may be eligible for a federal tax break. The tax code provides a credit to purchasers of qualifying plug-in electric drive motor vehicles including passenger cars and light trucks. The credit is equal to $2,500 plus an additional amount, based on battery capacity, that can’t exceed $5,000. Therefore, the maximum credit is $7,500. There are a number of requirements to qualify and the credit may not be available because of a per-manufacturer cumulative sales limitation. (Tesla and GM vehicles are no longer eligible.) Contact us if you want more information.
Tax Alert: Additional Highlights from the Consolidated Appropriations Act (January 26, 2021)
This tax alert focuses on additional updates from the Consolidated Appropriations Act (CAA) that may be beneficial to you and your business.
Tax Alert: Payroll Protection Program 2 – A Second Bite at The Apple (January 14, 2021)
The Consolidated Appropriations Act allows qualifying businesses to take a second round of Payroll Protection Program (“PPP”) loans.
Tax Alert: Employee Retention Credit May Provide Benefits to Your Business (January 7, 2021)
The new Consolidated Appropriations Act updated the CARES Act to provide expanded benefit changes to the Employee Retention Credit (ERC).
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The American Rescue Plan Act provides sweeping relief measures for eligible families and businesses (March 18, 2021)
Because the American Rescue Plan Act is such an expansive piece of legislation, it’s likely you, your family or your business can benefit from it.
Tax Alert: Payroll Provisions of the American Rescue Plan Act (March 12, 2021)
This tax alert focuses on updates from the American Rescue Plan, 2021 (ARPA, 2021), signed by President Biden on March 11, 2021.
Estimated tax payments: The deadline for the first 2021 installment is coming up (March 10, 2021)
Are you required to make estimated tax payments because you don’t pay enough tax in withholding? Here are the rules.
Get to Know: Jason Glickley
Saving for retirement can help make your future brighter. Recent tax law changes might allow you to save more with your IRA or retirement plan.
Retiring soon? Recent law changes may have an impact on your retirement savings (March 3, 2021)
Saving for retirement can help make your future brighter. Recent tax law changes might allow you to save more with your IRA or retirement plan.
Didn’t contribute to an IRA last year? There still may be time (February 11, 2021)
Saving now for retirement is one of the best moves you can make to help ensure financial security. If you’re eligible, you still have time to contribute to an IRA or SEP and save on your 2020 tax return.
Many tax amounts affecting businesses have increased for 2021 (February 11, 2021)
How much do your employees have to earn in 2021 before they can stop paying Social Security tax? How much can they contribute to 401(k) plans this year? Here are the answers to these and other questions about tax-related inflation adjustments and changes affecting businesses.
2021 individual taxes: Answers to your questions about limits (February 9, 2021)
How much can you contribute to an IRA for 2021? How much is the standard deduction? Here are some Q&As about these and other tax-related amounts for 2021.
The power of the tax credit for buying an electric vehicle (February 3, 2021)
Although electric vehicles are a small percentage of the cars on the road today, they’re increasing in popularity. And if you buy one, you may be eligible for a federal tax break. The tax code provides a credit to purchasers of qualifying plug-in electric drive motor vehicles including passenger cars and light trucks. The credit is equal to $2,500 plus an additional amount, based on battery capacity, that can’t exceed $5,000. Therefore, the maximum credit is $7,500. There are a number of requirements to qualify and the credit may not be available because of a per-manufacturer cumulative sales limitation. (Tesla and GM vehicles are no longer eligible.) Contact us if you want more information.
Tax Alert: Additional Highlights from the Consolidated Appropriations Act (January 26, 2021)
This tax alert focuses on additional updates from the Consolidated Appropriations Act (CAA) that may be beneficial to you and your business.
Tax Alert: Payroll Protection Program 2 – A Second Bite at The Apple (January 14, 2021)
The Consolidated Appropriations Act allows qualifying businesses to take a second round of Payroll Protection Program (“PPP”) loans.
Tax Alert: Employee Retention Credit May Provide Benefits to Your Business (January 7, 2021)
The new Consolidated Appropriations Act updated the CARES Act to provide expanded benefit changes to the Employee Retention Credit (ERC).
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