Search Results for "fica"


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Employee Retention Credit Update

Co-authored by Stanley Rose A number of people have contacted us in recent weeks, under the impression that another round of Employee Retention Credits became available, or that some taxpayer-friendly corrections have been made to the existing iterations. The purpose of this article is to explain the current status of



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ESG 101: Key Definitions and Insights

As the business world continues to place more emphasis on sustainable operations, you may hear the term “ESG” more frequently.... but what exactly is ESG and are you aware of the key concepts around it? In this article, we will provide some definitions and insights to some of those questions.


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Tax Alert: Mid-Year Increase to IRS Mileage Rates

IRS mileage rates generally are established annually and are left in place for each calendar year once set. However, the spiraling cost of gasoline nationwide has led the IRS to do what they have not done in more than a decade – increase the mileage rates mid-year. Effective for miles


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Best Practices for Increasing Password Security

Passwords. We all have them, and most of the time many of them. Most of us have also had one compromised at one point or another too. Passwords are the gateway to our everyday systems, and our most sensitive information. Because almost everyone relies on passwords, it is crucial that


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An Overlooked Benefit: The Work Opportunity Credit

In the midst of what seems like a never-ending wave of tax law changes, potential changes, and other planning it can sometimes be easy to overlook credits and tax incentives that have been around for a while but may not have annual applicability. In that vein, let’s look at a credit


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FASB Expands Fair Value Hedge Accounting Guidance

In March 2022, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2022-01, Derivatives and Hedging (Topic 815): Fair Value Hedging – Portfolio Layer Method. The new standard amends guidance previously issued under ASU 2017-12 related to fair value hedging of interest rate risk for portfolios of financial