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December 22, 2020 

But you can skirt this tax trap if you meet the requirements for one of several safe-harbor rules. Check your status before the end of the year to avoid any unnecessary complications.

December 22, 2020 

As 2020 draws to a close—finally—employers may take advantage of several tax credits for employee wages. Consider these four tax-saving opportunities created by recent tax legislation.

December 22, 2020 

Some taxpayers are living in a parallel tax universe. Reason: They have to contend with the alternative minimum tax (AMT), a complex tax calculation that runs parallel to your regular tax computation. After you compare the results at tax return time, you effectively pay the higher of the two. Despite recent favorable tax law changes,...…

December 22, 2020 

Jeff Wilson II, CPA/PFS, CGMA, CFE, CDFA – 2020 40 Under 40 Honoree Principal, The W2 Grouphttps://wiicpas.com Career highlights: While attending Bowie State University (2006), becoming as Project Manager for one of the University’s flagship program and being the first student to be apart of the Executive Administration.  In February 2007, I was featured in...…

December 22, 2020 

The move adds two Partners, Michael Iwanczuk and Mario Iwanczuk, to Buchbinder’s leadership team. They will continue to serve clients out of their current office in Columbia.

December 22, 2020 

Plastiq’s cash payments feature allows users to make any payment through their linked bank accounts, connecting their financial accounts instantly and securely. Now, customers can start making payments immediately, eliminating the hassle of ...

December 22, 2020 

The American Institute of CPAs (AICPA) has issued a new white paper to help auditors providing SOC for Service Organization (SOC) reports on organizations that have incorporated blockchain into their service delivery systems.

December 22, 2020 

The Internal Revenue Service has released the 2021 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

December 22, 2020 

Shalin (Shawn) Parikh, CA – 2020 20 Under 40 Honoree Founder and ChairmanEntigrity Solutions LLC https://Entigrity.com Career highlights: Shawn Parikh is the Chairman and Founder of Entigrity Solutions LLC. With over 15+ years of experience he spearheaded the company operations, forging the foundations of Entigrity that works closely and exclusively with the accounting community. Shawn understood...…

December 22, 2020  Sponsored

The need is now for insurance has launched an affordable, customizable and easy-to-use alternative. A small business can get a quote online and be insured in minutes, starting from within QuickBooks. If a small business owner needs help choosing a policy, QuickBooks Insurance has an online recommendation tool 401(k) powered by Guideline You can help...…

December 22, 2020 

Jared Van Arsdale, CPA, MBA – 2020 40 Under 40 Honoree Shareholder, Ullmann & Company, PChttps://www.ullmanncpa.com Career Highlights: Thankfully, my career has been filled with individuals who furthered me with their challenge and care. I would be remiss to discount the immense value they have had on my life. Early, I realized that corporate accounting...…

December 22, 2020 

Steven Bong – 2020 20 Under 40 Honoree CEO and Co-founder, AuditFilehttps://auditfile.com Steven Bong started AuditFile a decade ago with his brother, Kevin Bong (also a 20 Under 40 Honoree in 2020), while both were still in college. Today, AuditFile has thousands of customers all over the world!  Favorite book: Skin in the Game by...…