Accounting

As we move closer to year end, the possibility of the sweeping tax law changes is becoming a greater reality. Below are some thoughts to consider, based on the draft bill released on Sept. 13 – all, some or none of which may be included in a final bill:

The Employee Retention Credit (ERC), introduced in the CARES Act, is a refundable payroll tax credit available to qualifying businesses negatively impacted by the COVID-19 pandemic.

New Jersey joined the SALT (State and Local Tax) deduction cap workaround bandwagon last year by establishing its Business Alternative Income Tax (BAIT).

PTE taxes were enacted by states as a work around to the annual federal $10,000 limitation on state and local tax deductions for individual taxpayers.

Introduced in the CARES Act, the Employee Retention Credit (ERC) is a refundable payroll tax credit available to businesses negatively impacted in 2020 and potentially in 2021 by the COVID-19 pandemic.

Serving clients well is not at odds with serving the agency well.

Would you know if a hacker were in your network, email, or phone, right now? For most of us, the answer is “I don’t know”.

Many public relations and advertising firms are finding it difficult to determine whether to record revenue on a gross or net basis when working with third-party vendors under the new ASC 606 standards.

In every brand’s trajectory, they’ll need to cross the chasm from niche to mainstream in order to grow: a time of high stakes.

This was an arduous year for many, as the pandemic abruptly disrupted business operations and brought on a multitude of challenges for PR firms.