Married taxpayers filing jointly are both individually and jointly responsible for any income tax arising from their returns—even if they divorce later. But in certain situations—for example, where one spouse filed incorrect returns and the other was or was not aware of the problem—some equitable relief for joint tax reliability exists thanks to Section...
Continue reading8 Interesting Things You May Not Know About Memorial Day
From its Civil War origins to its modern-day traditions, find out more about America’s most solemn holiday. By BARBARA MARANZANI Memorial Day and its traditions may have ancient roots. 8 Interesting Things You May Not Know About Memorial Day. While the first commemorative Memorial Day events weren’t held in the United States until the late 19th...
Continue readingCalifornia’s split roll property tax — what you need to know
A measure headed for the 2020 ballot in California would raise property taxes on large business properties by taxing commercial property at its current value, not the value at purchase. Known as the split roll property tax, it would exempt small business and residential property. Here’s what you need to know: Who is affected:...
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2020 I-9 Form Updates
05/15/20 Form I-9 Requirements Flexibility Extended for 30 Days Latest 2020 I-9 Form Updates. On March 20, the Department of Homeland Security (DHS) and U.S. Immigration and Customs Enforcement (ICE) announced flexibility in complying with requirements related to Form I-9, Employment Eligibility Verification, due to COVID-19. Webinar : New FORM I-9 Update – Here’s...
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CDC guidelines to reopening business
Quick Downloads Role of Businesses and Employers in Responding to COVID-19 Table of Contents Slowing the spread of COVID19 in the Workplace Tips on Preventing and Reduce Transmission Among Employees Steps to Maintain Healthy Business Operations Steps to Maintain a healthy work environment Sample table – guide to appropriate controls for your workplace IRS...
Continue readingTax Pros: Here’s What You Need to Know for 2020
Successful representation of your clients this tax season hinges on a good understanding of new Internal Revenue Service rules and initiatives. Here’s a rundown of what you should expect for 2020. Stress to clients that while other enforcement areas are lax, criminal investigation is not. Despite massive budget cuts and layoffs, the agency not...
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Recording workplace exposures to COVID-19
Recording workplace exposures to COVID-19 OSHA recordkeeping requirements at 29 CFR Part 1904 mandate covered employers record certain work-related injuries and illnesses on their OSHA 300 log. COVID-19 can be a recordable illness if a worker is infected as a result of performing their work-related duties. However, employers are only responsible for recording cases of COVID-19...
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COVID-19 coding and guidance
– American Medical Association Updated May 6, 2020 COVID-19 coding and guidance. New Current Procedural Terminology (CPT®) codes have been created that streamline the novel coronavirus testing currently available on the United States market. A revision to code 86318 and addition of two codes are effective April 10, 2020 for use as the industry...
Continue readingKey Facts to Know About the IRS Offer in Compromise Program
If you’ve got a client who owes money to the IRS, then you are likely already considering helping them through the offer in compromise. The offer in compromise allows one to settle tax debt for less than is owed, and may be a good option for those who can’t pay their full tax liability...
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How Can You Create An Inclusive Culture At Your Workplace?
So How Can You Create An Inclusive Culture At Your Workplace? Let’s first understand what exactly an inclusive culture of an organization means – inclusive does not mean that you have people of all genders, sexual orientation or races in your organisation; it means that you have an organisation that allows everyone to have an opportunity...
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