Insights
Webinar Replay: The Cryptocurrency Business – What’s Next and Do’s & Don’ts
This webinar panel discusssion by the industry specialists explored the current state of the cryptocurrency business, markets and trends and […]
Webinar Replay: Key State Tax Strategies During the Pandemic
This webinar offered an in-depth look at State and Local Tax (SALT) challenges and opportunities created by today’s unprecedented work […]
Webinar Replay: The Intersection of PPP Loan Forgiveness and Tax Planning
This webinar reviewed the tax planning questions and opportunities relating to your PPP loan. How will forgiveness affect your 2020 […]
Cyber Roundup – September 2020
In a world dramatically reshaped by the Pandemic, one constant remains: cybercrime motivation. While the number of breaches dropped during the first half of 2020, my prediction is that it will return to an upward shift.
PKF O’Connor Davies Announces New Committee Appointments and Promotions
PKF O’Connor Davies, LLP, one of the nation’s largest accounting, tax, and advisory firms, announced today several new appointments to its Executive Committee and Governance Committee, as well as a promotion in the Tax practice area.
Your Retirement Plan Benefit Statement Will Be Changing
The Department of Labor (DOL) has recently published Interim Final Regulations (Regulations) pursuant to changes enacted by the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) which require plan administrators of defined plans [e.g., 401(k) and 403(b)] to express a participant’s current account balance both as a single life annuity and a qualified joint and survivor annuity stream on their pension benefit statements at least once every 12 months.
Affordable Care Act of 2010: Compliance Matters
We have prepared this newsletter to update our readers on forthcoming compliance matters with respect to the Affordable Care Act (ACA) of 2010, as well as inform them of certain increased penalties relative to ACA.
IRS Increases User Fees in 2021
Last month, the IRS announced increases to the User Fees related to certain requests for letter ruling and determination letter requests.
Pooled Employer Plans
The Setting Every Community Up for Retirement Enhancement Act of 2019 (the SECURE Act) amended the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code (IRC) to establish a new type of multiple employer plan (MEP) called a “pooled employer plan” (PEP) that must be administered by a person called a “pooled plan provider” (PPP).
IRS Notice 2020-68: Q&A Guidance ‒ SECURE Act and Miners Act
On September 2, 2020, the IRS issued guidance in the form of questions and answers interpreting several miscellaneous provisions of the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) and the Bipartisan American Miners Act of 2019 (Miners Act) affecting qualified retirement plans, 403(b) plans and Individual Retirement Accounts (IRAs).
The Home Office Deduction and the Pandemic: Can It Help You in 2020?
In addition to the social and economic impact of the pandemic, you may be wondering what effects the pandemic has on you from a tax perspective.
President’s Memorandum on Deferring Payroll Tax ‒ Employers Should Proceed with Much Caution
Early last month, President Trump signed an Executive Order in the form of a Memorandum calling for the deferral of the withholding, deposit and payment of the employees’ share of the 6.2% Social Security tax.