As we move closer to year end, the possibility of the sweeping tax law changes is becoming a greater reality. Below are some thoughts to consider, based on the draft bill released on Sept. 13 – all, some or none of which may be included in a final bill:
Accounting
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The Employee Retention Credit (ERC), introduced in the CARES Act, is a refundable payroll tax credit available to qualifying businesses negatively impacted by the COVID-19 pandemic.
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New Jersey joined the SALT (State and Local Tax) deduction cap workaround bandwagon last year by establishing its Business Alternative Income Tax (BAIT).
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PTE taxes were enacted by states as a work around to the annual federal $10,000 limitation on state and local tax deductions for individual taxpayers.
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Introduced in the CARES Act, the Employee Retention Credit (ERC) is a refundable payroll tax credit available to businesses negatively impacted in 2020 and potentially in 2021 by the COVID-19 pandemic.
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Serving clients well is not at odds with serving the agency well.
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Would you know if a hacker were in your network, email, or phone, right now? For most of us, the answer is “I don’t know”.
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Many public relations and advertising firms are finding it difficult to determine whether to record revenue on a gross or net basis when working with third-party vendors under the new ASC 606 standards.
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In every brand’s trajectory, they’ll need to cross the chasm from niche to mainstream in order to grow: a time of high stakes.
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This was an arduous year for many, as the pandemic abruptly disrupted business operations and brought on a multitude of challenges for PR firms.
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