Should You Borrow From Your Retirement Plan?

Should You Borrow From Your Retirement Plan?

Economic fallout from the COVID-19 pandemic may cause some cash-strapped individuals to consider taking loans from company qualified retirement plans, including 401(k) and profit-sharing plans. Although this option can provide cashflow to help bridge the gap for some,...
Contact Tracing Scams

Contact Tracing Scams

In an effort to limit the spread of COVID-19 as we reengage with individuals outside of our homes, state health departments have enlisted the aid of contact tracers to track anyone who may have been exposed to COVID-19. Unfortunately, some scammers pretend to be...
Six Key Tax Breaks that Homeowners May Be Able to Claim

Six Key Tax Breaks that Homeowners May Be Able to Claim

We all want to keep more of the money we earn. One way to prevent paying more taxes than necessary is to evaluate the use of one of your primary assets, your home. If you own your principal residence, you can save thousands of tax dollars through tax breaks. Here are...
IRS Guidance on Payroll Tax Deferment

IRS Guidance on Payroll Tax Deferment

The Internal Revenue Service recently issued guidance on President Trump’s August 8, 2020, executive order, which deferred the withholding and payment of the employee’s portion of Social Security taxes. The very limited guidance arrived late Friday, August 28,...
FAQs Regarding the COVID-19 Impact on Financial Reporting

FAQs Regarding the COVID-19 Impact on Financial Reporting

The COVID-19 pandemic has led to many shifts in the way we operate our affairs. We do things today we had not even considered in the past. This applies to the way we shop, spend time with friends, and conduct our businesses. Undoubtedly, the far-reaching impacts of...