COVID-19 Resource Center

COVID-19 vaccines are here! As they’re gradually distributed, employers should start thinking about whether they want to require on-site employees to submit proof of vaccination.

Do you know the warning signs of delinquent payments? Being proactive helps protect your cash flow and profits. Here are some warning sings to look out for.

On December 27, President Trump signed the Consolidated Appropriations Act of 2021 (CAA), which provides pandemic relief, as well as other tax and health-related provisions. The CAA contains the COVID-Related Tax Relief Act of 2020 (COVIDTRA), as well as a government funding law. Here are some highlights.

Congress passes Consolidated Appropriations Act, 2021. The bill now heads to the White House, where President Donald Trump is expected to sign the bill in the coming days.

With a difficult year almost over, and another one on the horizon, now may be a good time to assess the size of your sales force. This information was accurate as of 12/16/20.

With the enactment of Maryland S.B. 523 earlier this year, Maryland pass-through entities (PTE) can now elect to pay tax at the entity level for resident individual and corporate owners for tax years beginning after December 31, 2019.

In response to the COVID-19 pandemic, the federal government enacted legislation that includes deferral of the employer’s portion of Social Security tax. This information was accurate as of 11/30/20.

Many businesses are closed or are limiting third-party access as COVID-19 surges across the United States. These restrictions could still be in place at year end. Here’s how you can identify and overcome the challenges associated with inventory counts during the pandemic. This information was accurate as of 11/30/20.

The year 2020 has taught businesses many lessons. The sudden onset of the COVID-19 pandemic followed by drastic changes to the economy have forced companies to alter the size of their workforces, restructure work environments and revise sales models. By not engaging in some form of change management, you’re more likely to experience reduced productivity, bad morale and increased turnover. This information was accurate as of 11/25/20.

By now, some businesses have completed their 2021 budgets while others are still crunching numbers and scrutinizing line items. As you put the finishing touches on your company’s spending plan for next year, be sure to cover the finer points of the process. This information was accurate as of 11/18/20.

The coming audit season might be much different than seasons of yore. As many companies continue to operate remotely during the COVID-19 pandemic, audit procedures are being adjusted accordingly. Here’s what might change as auditors work on your company’s 2020 year-end financial statements. This information was accurate as of 11/06/2020.

Unfortunately, the COVID-19 pandemic has forced many businesses to shut down. If this is your situation, we’re here to assist you in any way we can, including taking care of the various tax obligations that must be met. This information was accurate as of 11/02/20.

The COVID-19 pandemic triggered economic changes that caused considerable fluctuations in the size of many companies’ workforces. Proper and comprehensive payroll record-keeping has become even more critical this year. This information was accurate as of 10/28/20.

Fraud doesn’t simply take a vacation during crises, such as the COVID-19 pandemic. If your not-for-profit’s internal controls aren’t effective, crooked individuals can find ways to exploit them and steal from your organization. This information was accurate as of 10/28/20.

The COVID-19 pandemic and resulting economic fallout have likely affected your sales and expenses, and you’ve probably noticed the impact on both. However, don’t overlook the importance of inventory management and its impact on your financial statements. This information was accurate as of 10/21/20.

The sudden impact of the COVID-19 pandemic in March forced every business owner to execute his or her disaster response plan. Although it may still be a little early to do a complete assessment of what went right and wrong during the crisis, you can take a quick look back right now while the experience is still fresh in your mind. This information was accurate as of 10/14/20.

Many employees have suffered financial hardships because of the COVID-19 pandemic. In response, some employers may consider offering financial assistance as a fringe benefit. This information was accurate as of 10/09/20,

On September 30, the Financial Accounting Standards Board (FASB) finalized a rule to defer the effective date of the updated long-term insurance standard for a second time. The deferral will give insurers more time to properly implement the changes amid the COVID-19 pandemic. This information was accurate as of 10/09/20.

In this pandemic year, many not-for-profits are scrambling to find new sources of revenue to replace donor contributions and other lost income. If this sounds like your charity, you might want to consider licensing your name and brand to a for-profit business. This information was accurate as of 10/07/20.