New Washington State Long-Term Care Payroll Tax
Washington State House of Representatives passed new legislation related to a publicly-funded Long-Term Care Benefits Program for employees in Washington State.
Washington State House of Representatives passed new legislation related to a publicly-funded Long-Term Care Benefits Program for employees in Washington State.
On March 17, 2021, the IRS officially postponed the tax return filing and payment deadline for individual taxpayers from April 15, 2021 to May 17, 2021. This postponement includes any Self-Employment Tax payable by individual taxpayers who are self-employed. The postponement, however, does not extend the due date for 1st Quarter 2021 Estimated Tax payments; …
A brief summary of the American Rescue Plan Act of 2021 Read More »
General Rules Businesses that suffered significant declines in gross receipts in 2020 or 2021 or that were fully or partially shut down due to COVID-19 restrictions may be eligible for the Employee Retention Credit (ERC). The credit is designed to subsidize eligible employers that retained and paid employees under difficult economic conditions. Eligibility for the …
In response to the Covid-19 pandemic, Congress passed the CARES Act, effective March 27, 2020 , which waived the Required Minimum Distributions (RMDs) from 401(k)s, 403(b)s, and IRAs for 2020. Some taxpayers, however, had already taken their 2020 RMDs prior to passage of the CARES Act. While the IRS previously granted relief in the form …
In February 2018, Texas and 19 other states brought a lawsuit against the federal government regarding the constitutionality of the Affordable Care Act (“Obamacare”). After a District Court ruled that the entire Obamacare program was unconstitutional, California and 20 other states appealed. The Fifth Circuit Court of Appeals subsequently ruled that parts of Obamacare may …