Sales Tax Collections Increased at Record Rates During the Pandemic
Increased consumer spending during the pandemic and rising inflation has also resulted in higher tax revenues for nearly all states.
2021 Tax Planning Opportunities for the Construction Industry
2021 Tax Planning. Changing entity types, accounting methods, new deductions for qualified businesses, new depreciation alternatives and new tax incentives for qualified investments are just some of the provisions in the TCJA that will require careful analysis and proactive planning for construction clients. The CICPAC Tax Thought Leadership Committee has compiled an updated summary of those changes potentially impacting construction clients in this whitepaper.
2021 Coronavirus Legislation Tax Planning Opportunities
The CICPAC Tax Thought Leadership Committee has compiled a summary of the tax provisions included in the Coronavirus, Aid, Relief and Economic Security Act (CARES Act) that may impact our construction clients. This whitepaper provides an overview for further consideration for tax planning in 2021 and beyond.
Threading the Needle with Competitive Wage Compensation Plans
Franchise owners looking to build a competitive wage structure can take a page from the Goldilocks fable, where the goal is to not pay too much or too little. The objective is to find balance and build a wage scale that’s “just right.”
Not ready for CECL? Here’s How Your Financial Institution Can Get Back on Track
For many community financial institutions, the long-delayed rollout of CECL is almost here. But even if you’ve barely begun your implementation journey, you still have time to see it through. Read on for expert, actionable advice on where to focus your efforts, starting today.
Tax Planning: Did You Know?
As we gear up for another tax planning season, the following are a few insights on some frequently unknown or misunderstood tax topics: