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Stay up to date with the most recent industry news and what’s happening at Topel Forman
IRS guidance provides RMD rollover relief (July 1, 2020)
IRS guidance has provided relief to individual taxpayers affected by COVID-19 who take distributions or loans from retirement plans and offers guidance to employers regarding the administration of loan relief.
What qualifies as a “coronavirus-related distribution” from a retirement plan? (June 24, 2020)
If you need money due to COVID-19, you may be able to take a tax-free “coronavirus-related distribution” from a retirement plan. The IRS has released guidance explaining who qualifies for one of these distributions.
Is it time to outsource finance and accounting? (June 15, 2020)
Outsourcing has been a hot topic for businesses during the COVID-19 crisis. Here’s what you should know before applying this cost-cutting strategy to your finance and accounting department.
PPP borrowers get concessions, additional guidance on forgiveness (June 8, 2020)
The Paycheck Protection Program Flexibility Act eases PPP loan forgiveness restrictions. Here are the details of the law, along with some recent guidance for borrowers.
IRS releases 2021 amounts for Health Savings Accounts (May 27, 2020)
There are many advantages to Health Savings Accounts (HSAs). Here are a few of them, along with the HSA inflation-adjusted amounts for the 2021 calendar year.
Looking for a trust that can also act as a financial backup plan? Consider a SLAT (May 21, 2020)
A spousal lifetime access trust (SLAT) can be a valuable tool to help a spouse remove significant wealth from his or her taxable estate while providing a safety net in the event financial circumstances change.
Independent assurance inspires confidence in sustainability reports (May 20, 2020)
What is a “sustainability” report? What reporting standards apply? And why does your report need an external audit? Find the answers here.
Business charitable contribution rules have changed under the CARES Act (May 14, 2020)
Food and financial insecurity have increased during the coronavirus (COVID-19) pandemic. If your business is donating to charity to help ease the pain, you may be eligible for enhanced charitable donation deductions.
There’s still time to make a deductible IRA contribution for 2019 (May 7, 2020)
Do you want to save for retirement on a tax-advantaged basis? It’s not too late to make 2019 IRA contributions (if you’re eligible) just because it’s 2020. And this year, the IRS extended the deadline three months due to COVID-19. Here are the rules and who can make contributions.
SBA extends the PPP repayment deadline for self-certification (May 7, 2020)
May 14, 2020, is the revised deadline to repay Paycheck Protection Program loans for borrowers who have chosen the Small Business Administration’s “good faith” self-certification of eligibility option.
The CARES Act liberalizes net operating losses (May 6, 2020)
The CARES Act includes favorable changes to the rules for deducting net operating losses (NOLs). Here’s how.
Do you have tax questions related to COVID-19? Here are some answers (May 5, 2020)
If you’re like most Americans, the coronavirus (COVID-19) pandemic has led to many questions. Health issues are of utmost concern but you may also have many financial questions. Here are some answers.
No results found.
IRS guidance provides RMD rollover relief (July 1, 2020)
IRS guidance has provided relief to individual taxpayers affected by COVID-19 who take distributions or loans from retirement plans and offers guidance to employers regarding the administration of loan relief.
What qualifies as a “coronavirus-related distribution” from a retirement plan? (June 24, 2020)
If you need money due to COVID-19, you may be able to take a tax-free “coronavirus-related distribution” from a retirement plan. The IRS has released guidance explaining who qualifies for one of these distributions.
Is it time to outsource finance and accounting? (June 15, 2020)
Outsourcing has been a hot topic for businesses during the COVID-19 crisis. Here’s what you should know before applying this cost-cutting strategy to your finance and accounting department.
PPP borrowers get concessions, additional guidance on forgiveness (June 8, 2020)
The Paycheck Protection Program Flexibility Act eases PPP loan forgiveness restrictions. Here are the details of the law, along with some recent guidance for borrowers.
IRS releases 2021 amounts for Health Savings Accounts (May 27, 2020)
There are many advantages to Health Savings Accounts (HSAs). Here are a few of them, along with the HSA inflation-adjusted amounts for the 2021 calendar year.
Looking for a trust that can also act as a financial backup plan? Consider a SLAT (May 21, 2020)
A spousal lifetime access trust (SLAT) can be a valuable tool to help a spouse remove significant wealth from his or her taxable estate while providing a safety net in the event financial circumstances change.
Independent assurance inspires confidence in sustainability reports (May 20, 2020)
What is a “sustainability” report? What reporting standards apply? And why does your report need an external audit? Find the answers here.
Business charitable contribution rules have changed under the CARES Act (May 14, 2020)
Food and financial insecurity have increased during the coronavirus (COVID-19) pandemic. If your business is donating to charity to help ease the pain, you may be eligible for enhanced charitable donation deductions.
There’s still time to make a deductible IRA contribution for 2019 (May 7, 2020)
Do you want to save for retirement on a tax-advantaged basis? It’s not too late to make 2019 IRA contributions (if you’re eligible) just because it’s 2020. And this year, the IRS extended the deadline three months due to COVID-19. Here are the rules and who can make contributions.
SBA extends the PPP repayment deadline for self-certification (May 7, 2020)
May 14, 2020, is the revised deadline to repay Paycheck Protection Program loans for borrowers who have chosen the Small Business Administration’s “good faith” self-certification of eligibility option.
The CARES Act liberalizes net operating losses (May 6, 2020)
The CARES Act includes favorable changes to the rules for deducting net operating losses (NOLs). Here’s how.
Do you have tax questions related to COVID-19? Here are some answers (May 5, 2020)
If you’re like most Americans, the coronavirus (COVID-19) pandemic has led to many questions. Health issues are of utmost concern but you may also have many financial questions. Here are some answers.
No results found.
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