True to their name, recently created qualified opportunity zones (QOZs) may raise attractive opportunities for contractors.
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The Benefits and Risks of Qualified Opportunity Zones
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2021 Amounts for Health Savings Accounts Released
The IRS recently released the 2021 inflation-adjusted amounts for Health Savings Accounts (HSAs).
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PPP Loans: Forgiven Expenses aren’t Deductible
The IRS has issued guidance clarifying that certain forgiven expenses aren’t deductible if a business has received a Paycheck Protection Program (PPP) loan.
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What to do if an Employee Refuses to Return to Work
While the CARES Act made several changes to unemployment, the normal rules and processes still apply if an employee refuses to return to work.
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Worker Classification: Classify Carefully as IRS Continues to Scrutinize Independent Contractors
The classification of workers as independent contractors or employees has significant implications — both tax and nontax — for all businesses.
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Charitable Contribution Rules for Businesses Change Under the CARES Act
In order to incentivize charitable giving, the CARES Act made some liberalizations to the rules governing charitable deductions.
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Landmark Member Named Chairman of ARCPA
Landmark member Randy Milligan has been appointed Chairman of the Arkansas Society of Certified Public Accountants (ARCPA), effective April 1, 2020.
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The CARES Act and Construction: Keeping an Eye on Taxes
Let’s look at three issues that contractors should keep an eye on in light of the CARES Act: payroll, losses and qualified improvement property.
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Landmark Member Appointed to AICPA’s Auditing Standards Board
Landmark PLC member Sherry Chesser has been appointed to the AICPA Auditing Standards Board (ASB), the AICPA’s senior committee for auditing, attestation, and quality control …
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The CARES Act Makes Favorable Changes to Net Operating Losses
You may be able to benefit by carrying a net operating loss (NOL) into a different year — a year in which you have taxable income — and taking a deduction for it against that …