Search Results for "fica"

Resource

Is the Section 965 Tax Even Legal?

In 2017 as part of the Tax Cuts and Jobs Act legislation (“TCJA”), Congress created a provision that imposed a tax on certain foreign holdings of U.S. taxpayers. This tax, housed in Section 965 of the Internal Revenue Code, is known by a number of names, including the “repatriation” tax or “transition” tax. The case is now before the U.S. Supreme Court.

Blog

E-filing Threshold Drops to 10 for W-2s, 1099s, etc.

The e-filing threshold has dropped. Many small businesses that are used to manually preparing and filing Forms W-2, 1099-MISC, and similar “information reporting” forms will find that they now are required to file such forms electronically.

Resource

Leveraging AI in the Banking Industry: A guide for CFOs

The highly responsive capabilities of generative AI have put public models such as ChatGPT and Google Bard at the forefront of conversations and news. However, AI's influence on business and the banking sector has been steadily growing over the years – impacting front, middle, and back-office operations. The global market

Resource

Reflecting on the Adoption of CECL

As we enter the holiday season and approach a new year, we wanted to reflect on the adoption of CECL and share some thoughts heading into the new year. While the Current Expected Credit Losses (CECL) model under Accounting Standards Update (ASU) 2016-13 (Topic 326) has been effective for certain

Resource

The Employee Retention Credit – Bank Considerations

The Employee Retention Credit (ERC) has been a hot topic since its creation in the CARES Act back in 2020. Rules and guidance have changed along the way and new players (aka ERC mills) have entered the fray along the way to add more hiccups to the process. The program

Event

Leanne Scott Presenting at New England SALT Forum

Leanne Scott will serve as part of a panel on significant tax policy issues in the New England states, the New England legislative initiatives over the last 12 months and what to anticipate in the upcoming legislative sessions as part of the New England SALT Forum. About the event:  The