News & Notes

S Corps No Longer Need Private Letter Rulings in Certain Situations

The Internal Revenue Service (“IRS”) has issued guidance to assist S corporations with resolving frequently encountered issues. With this guidance, S corporations will no longer need to request private letter rulings in certain situations. The purpose of the guidance is to aid S corporations in reducing burdens and costs and facilitating increased compliance. There are […]
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How Employers Can Help Combat America’s Mental Health Crisis:

One in five Americans experiences mental health issues. Mental health issues do not just affect people’s personal lives, they also affect their professional lives and can affect the businesses they work at.   According to the National Alliance on Mental Illness, employers lose $300 billion annually due to mental health issues their employees are experiencing. […]
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Tax Avoiding Life Insurance Is Not Likely to Be Considered Unlawful by the IRS:

Private Placement Life Insurance (“PPLI”) is a niche solution for wealthy individuals. They allow individuals to use their life insurance, and the tax benefits that come with it, to invest in hedge funds or other diversification and investment needs.   However, PPLIs are not meant to be for everyone. A suitable candidate for PPLIs is […]
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Changes to the IRS’ Tax-Exempt Organization Enforcement Are Coming:

The Treasury Inspector General for Tax Administration (“TIGTA”) has recommended that the IRS should improve its enforcement program for tax-exempt groups. The steps the TIGTA is advising would assist the IRS in finding tax-exempt groups that participate in illegal or unallowed activities that violate their exempt status.   The TIGTA recommended that the IRS ensure […]
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The Work Opportunity Tax Credit:

On September 19, the Internal Revenue Service (“IRS”) updated the information on the Work Opportunity Tax Credit (“WOTC”). The WOTC is available to employers that hire workers from pre-designated categories who face significant barriers to employment. Through the WOTC employers can earn a federal tax credit between $1,200 and $9,600 per employee.   The update […]
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What Is Tax Insurance And How Can It Help You?

Tax insurance has been on the rise recently. It’s a unique solution for companies to protect themselves from unexpected tax payments. Due to the uncertainty of how the Inflation Reduction Act will affect tax filings in the coming years, tax insurance policies are appearing much more appealing.  Tax insurance offers companies many benefits. It allows […]
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The IRS Is Still Trying to Deal with The Paycheck Protection Program:

The Paycheck Protection Program (“PPP”) loans gave businesses more than $800 billion. The PPP loans were created specifically to help small businesses affected by the pandemic, but many people tried taking advantage of them. Ultimately, they led to a lot of fraud.   Some individuals lied about qualifying businesses to qualify for the PPP loan […]
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Providing Well-being Benefits is a Priority at Equinix

Equinix is a digital platform providing infrastructure for companies such as Facebook and YouTube, and has an impressive global well-being benefits program for its employees, offering multiple ways to de-stress throughout the day, and providing employees with a chance to offer feedback. Once the pandemic hit, Equinix found its staff more stressed out, and spending […]
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Benchmarking Benefits Data can Provide Employers with a Competitive Edge

Since the pandemic, and with so many people leaving their jobs through the GreatResignation, benefits are now more valuable than ever in the competitive marketplace.Evaluating your company’s benefits package in comparison to competitors allows you toidentify the ways your organization can be more competitive, while retaining andattracting talented individuals and keeping costs manageable. In order […]
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“Fathering Together” is Normalizing Supporting Working Dads

Oftentimes, dads are excluded from the conversation when it comes to caring for theneeds of working parents. After feeling like his job wasn’t supporting him as a workingdad, Brian Anderson decided to create a space that supports working fathers in theirjourneys. The company, Fathering Together, is a non-profit organization offeringin-person and online educational opportunities and […]
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