Alex Schreiber 2/25/21 Alex Schreiber 2/25/21

Taxation of Coronavirus-Related Distributions

The CARES Act provided for “coronavirus-related” distributions from certain qualified retirement plans. Participants who chose to take advantage of the program could avoid the normal 10% early withdrawal penalty for distributions taken before age 59 ½ and spread the income over a three-year period for federal income tax purposes.

Alex Schreiber 2/19/21 Alex Schreiber 2/19/21

Are Unemployment Benefits Taxed?

With so many people out of work during the COVID-19 pandemic, and some rule changes increasing the number of people who qualify for unemployment benefits, do unemployment benefits need to be included in your gross income for tax purposes?

Alex Schreiber 2/12/21 Alex Schreiber 2/12/21

Love and Taxes

Valentines Day is February 14th. While most of us are thinking about roses and chocolates, your tax accountant is thinking about the connection between love and taxes. Here is a quick summary of some of the ways marriage will affect your taxes.

Alex Schreiber 2/8/21 Alex Schreiber 2/8/21

Expanded Eligibility for the Employee Retention Credit

Under the Act, employers can receive a maximum credit of $14,000 per employee for the first two quarters of 2021.

Alex Schreiber 2/1/21 Alex Schreiber 2/1/21

Safeguarding Plan Assets with Internal Controls

Minimize opportunities for errors or fraud and discover small issues before they become big problems in your employee benefit plan with an effective system of internal control.