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Applying for PPP Loan Forgiveness: The Definitive Guide

WebForgivable health care benefit costs include employer contributions to a self-insured, employer-sponsored group health plan, but exclude any pre-tax or after-tax …

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URL: https://www.daviscpas.com/applying-for-ppp-loan-forgiveness-the-definitive-guide/

New Tax Law “CAA 2021”: Individual Provisions

WebA refundable credit (known as the health coverage tax credit or “HCTC”) is allowed for 72.5% of the cost of health insurance premiums paid by certain individuals …

Category:  Health Go Health

2019 Elimination of ACA Individual Mandate

WebFollowing is a basic overview of the ACA mandate changes in TCJA. For 2019, the TCJA has eliminated the shared responsibility payment, more commonly …

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ARPA: Key Business Provisions

WebCOBRA Premium Subsidy Assistance-eligible individuals (AEIs) may receive a 100% subsidy for COBRA premiums for any period of COBRA coverage during the …

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ARPA: Payroll and Unemployment Provisions

WebIncreases the paid sick and family leave credit by the cost of the employer’s qualified health plan expenses and by the employer’s collectively bargains contributions …

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CPA Firm in Montgomery County MD

WebJohn (Rusty) Davis, CPA is a Maryland native with over 40 years of experience in the profession. An active thought leader in the national Digital CPA community, Mr. Davis …

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2018 Year-End Tax-Saving Moves for Individuals

WebIf you become eligible in December of 2018 to make health savings account (HSA) contributions, you can make a full year’s worth of deductible HSA contributions for …

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Guide to CPA services

WebCompensation | Health beneits | Stock. As you determine compensation levels, hire employees and make decisions ab out beneits, insurance and stock options, a CPA can …

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Guide to CPA Services

WebCompensation · health benefits · stock As you determine compensation levels, hire employees and make decisions about benefits, insurance and stock options, a CPA can …

Category:  Health Go Health

2018 New Pass-Through Entity Tax Changes

WebFor taxpayers with taxable income above $157,500 ($315,000 for joint filers), (1) a limitation based on W-2 wages paid by the business and the basis of acquired …

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2023 Year-End Planning for Payroll Reporting

WebThe Small Business Health Care Tax Credit allows small employers with fewer than 25 full-time employees to claim a credit for nonelective contributions to …

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Tax Relief: The CARES Act

WebFor employers with 100 or fewer full-time employees in 2019, all employee wages are eligible, even if employees haven’t been prevented from providing services. …

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Business Entity Choice

WebTax rates. The corporate tax rate is a flat 21%, while pass-through entity income that flows through to an individual partner is subject to a tax at a maximum 37% …

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2018 Tax Planning for the New QBI (IRC 199A) Deduction

WebSpecified service trades or businesses (SSTBs), e.g., businesses that involve performance of services in the fields of health, law, consulting, athletics, financial …

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4/1/20: MoCo, MD Announces $26M in Financial Aid

WebJust approved by the Montgomery County Council and announced by County Executive Marc Elrich. The Public Health Emergency Grant is a $20 million bill designed …

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The Build Back Better Act: A Preliminary Overview

WebThe House of Representatives on November 19, 2021 narrowly passed H.R. 5376, the Build Back Better Act. The bill contains a wide variety of tax provisions, …

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CORPORATE INCOME TAX RATES

Webhealth plan (HDHP) deductible $ 1,400 $ 2,800 Maximum HDHP out-of-pocket costs $ 7,050 $ 14,100 2022 Federal Tax Rates 9711 Washingtonian Boulevard, Suite 550 …

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Tax Relief: The CARES Act

WebFollowing are the tax-related provisions in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Congress’s gigantic economic stimulus package that …

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2020 Year-End Tax Planning Moves for Businesses & Business …

WebFor 2020, if taxable income exceeds $326,600 for a married couple filing jointly, $163,300 for singles, marrieds filing separately, and heads of household, the …

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Overview of 2022 Form 1099 Reporting Requirements

WebForm 1099-DIV generally does not have to be filed for payments made to certain payees including a corporation, a tax-exempt organization, any IRA, Medical …

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