Ideas & Insights

COVID-19 legislation permits taxpayers to provide tax-free payments for certain student loan payments through 2025.

The Employee Retention Credit is designed to provide targeted relief to those organizations directly impacted through workforce changes.

ARPA requires health plans to provide employees with six months of free COBRA coverage due to hours reduction or involuntary termination.

White House closes the door on DOL classification of gig workers as independent contractors; reinstalls prior multi-factor test.

IRS provides guidance on dependent care assistance program enhancements made due to COVID-19-related legislation.

What is restricted stock and how does it affect taxes for employers and employees? Find out more about this executive compensation option.

Plan sponsors have until July 31, 2021, to pay the patient-centered outcomes research fee on health plans for plan years ending in 2020.

Some employers can give paid leave to employees impacted by COVID in 2021 and claim a payroll tax credit per the American Rescue Plan Act.

Notice 2021-25 provides temporary relief on deductions for food or beverage under the Taxpayer Certainty and Disaster Relief Act.

Eight new initiatives, affecting exempt orgs, employee plans and tax-exempt bonds, added to IRS Compliance Programs and Priorities website.

The Relief Act made changes on how the Employee Retention Tax Credit works during the first two quarters of 2021.

The American Rescue Plan Act provides significant aid and funding for suffering pension plans, in part through direct financial assistance.

Despite receipt of PPP loans, hospitality businesses may be eligible for retroactive 2020 and new 2021 credits.

Notice 2021-20 clarifies retroactive changes made to ERTC and PPP interaction and incorporates several previous frequently asked questions.

Individuals may be eligible for a valuable incentive to reduce federal income tax liability for contributing to a 401(k) plan.

RSM submits Comment Letter seeking clarity on interaction of the employee retention tax credit and required disallowance for wage expense.

The Employee Retention Credit provides liquidity benefits for many businesses and was significantly expanded for 2020 and 2021.

Employers can add flexibility to their health flexible spending accounts and dependent care assistance programs per Notice 2021-15.

What many ERISA plan sponsors consider “reasonable” fiduciary responsibility for plan document retention may not comply with IRS rules.

A consequence of COVID-19 reductions is potential partial plan termination. Learn the requirements of a partial plan termination.