skip to main contentEmployees now have the opportunity to make changes to qualified benefit elections or newly enroll in an employer-sponsored section 125 plan throughout the remainder of 2020. The IRS introduced this…
PPP Loan Forgiveness Applications Address Several Unknowns
On May 15, 2020, the Small Business Administration (SBA) issued a loan forgiveness application providing instructions for borrowers seeking information on how to more definitively calculate PPP loan forgiveness. On…
Proposed Change to IRS Calculation Option for Personal Use of Employer-Provided Vehicle May Reduce Employee Taxable Income
Employers may soon have another, less costly, option to calculate the tax impact of personal use of an employer-provided vehicle. Under recently proposed regulations, the IRS will allow vehicles with…
My Company Got an Unclaimed Property Letter from PA – Now What?
Has your organization received letters from the Pennsylvania Treasury requesting remittal of unclaimed property? Since changes to the Commonwealth’s Unclaimed Property Act took effect in September 2016, state officials have…
Business Owners Ask, RKL Answers: Can I Still Deduct Meals and Entertainment Expenses After Tax Reform?
Client dinners, corporate events and employee activities – these are all important business development and team-building tools, not to mention potentially deductible expenses for businesses. Deductions for business entertainment and…
