new tax law for fsa and dependent care assistance

FSA and Dependent Care Assistance Programs

New law provides additional flexibility for health FSAs and dependent care assistance programs… The IRS recently announced greater flexibility, due to the pandemic, to employee benefit plans offering health flexible spending arrangements (FSAs) or dependent care assistance programs. Employers now…

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Posted: 02/28/2021

The Taxpayer Certainty and Disaster Tax Relief Act of 2020

The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted December 27, 2020, made a number of changes to the employee retention tax credits previously made available under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), including…

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Posted: 02/27/2021

Tax Planning is More Important than Ever

So much of the tax laws have changed since the Tax Cuts and Jobs Act (TCJA) passed by Donald Trump. Two issues I want to touch on this morning are the Standard Deduction for individuals and Divorced Parents with Minor…

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Posted: 02/26/2021

beautiful young lady affected by identity theft

Identity Theft involving Unemployment Benefits

People should be on the lookout for identity theft involving unemployment benefits. The IRS urges taxpayers whose identities may have been used by thieves to steal unemployment benefits to file a tax return claiming only the income they actually received.…

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Posted: 02/25/2021