Tag: finance

September 24, 2021

On September 23, 2021, the U.S. Department of Labor (DOL) published a final rule announcing when it will assess civil money penalties (CMPs) against employers who retain tips earned by their workers. Under the rule, available here, the DOL may […]

September 24, 2021

The Department of Labor (“DOL”) is relying on a recent Supreme Court decision to effectively extend the amount of time the agency has to bring fiduciary breach claims. DOL investigations often last years, so it is common for DOL to […]

September 22, 2021

What Is the USA Patriot Act? The USA Patriot Act is a law passed shortly after the September 11, 2001, terrorist attacks in the United States that gave law enforcement agencies broad powers to investigate, indict, and bring terrorists to […]

September 22, 2021

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of September 13, 2021 – September 17, 2021. September 13, 2021: The IRS issued a news release concerning resources available to […]

September 17, 2021

For the last decade, crypto businesses have operated largely outside of the reach of global regulators. Entrepreneurs have created vast fortunes offering financial products that are not constrained by financial regulations. All of that is about to change. This week […]

September 15, 2021

Do Subsidies Help the Economy? Government subsidies help an industry by paying for part of the cost of the production of a good or service by offering tax credits or reimbursements or by paying for part of the cost a […]

September 14, 2021

If you can’t file your federal income tax return by the filing deadline, you can get an extension just by asking for it. You just need to submit an Internal Revenue Service (IRS) extension form, known officially as Form 4868: […]

September 14, 2021

People who are self-employed are required to send in quarterly estimated tax payments since tax is not withheld from their wages as it is for employees.12 But if your income varies from month to month or year to year, it’s […]

September 13, 2021

The 2021 tax season kicked off around two weeks later than normal this year, due to recent changes in the federal tax law. However, the delay shouldn’t affect when your tax refund will arrive. The majority of taxpayers should get […]

September 13, 2021

Tax liability is the payment owed by an individual, a business, or other entity to a federal, state, or local tax authority. In general, a tax liability is incurred when income is earned and when income is generated by the […]