by Steven J Weil, PhD, EA, LCAM | Aug 27, 2020 | Blog, Business Tax, Personal Tax
The Commissioner of the Internal Revenue Service, Charles Rettig, testified before the Senate Finance Committee. His message was a clear one: He is an enforcement-minded commissioner and “the IRS is committed to pursuing those who . . . intentionally evade their tax...
by Steven J Weil, PhD, EA, LCAM | Aug 18, 2020 | Blog, Business Tax, Covid-19
The CARES Act has the following provisions effecting the federal taxes on payroll and payroll tax withholding. These provisions deal with employer payments for student loan repayments, as well as changes in terms of permitted benefits under health savings accounts...
by Steven J Weil, PhD, EA, LCAM | Jul 15, 2020 | Blog, Budgets, Covid-19
Employees Working at Home? Time to Rethink Your Space. In a pre-Covid-19 world, working from home was considered a luxury. It is now considered a necessity to keep so many hardworking businesses open and workers employed. If enough of your employees will and are...
by Steven J Weil, PhD, EA, LCAM | Jun 26, 2020 | Blog, Covid-19
The Families First Coronavirus Response Act established the Emergency Paid Sick Leave Act (EPSLA) and the Emergency Family and Medical Leave Expansion Act (EFMLEA). Effective April 1, 2020, through Dec. 31, 2020, the EPSLA requires certain employers to provide paid...
by Steven J Weil, PhD, EA, LCAM | Jun 19, 2020 | Blog
As things start to get back to the new normal, many employees and business are wondering what is next. A quick look into our crystal ball shows that while it is hard to see what lays around the bend, it’s more important that ever to be prepared for the unexpected....
by Steven J Weil, PhD, EA, LCAM | May 6, 2020 | Blog, Business Tax, Covid-19, Personal Tax
The CARES Act extends the traditional ability of employers to exclude payments on behalf of an employee for educational expenses of up to $5,250 per year to include the repayment of employee student loans. In both cases, payments are deductible to the employer while...
