by Mary Doherty | Mar 23, 2021 | Business Planning
The statement of cash flows essentially tells you about cash entering and leaving a business. It’s arguably the most misunderstood and underappreciated part of a company’s annual report. After all, a business that reports positive net income on its income statements...
by Mary Doherty | Mar 22, 2021 | Business Planning, News, Tax Planning
The Employee Retention Credit (ERC), which was created to encourage employers to keep their workforces intact during the COVID-19 pandemic, has been with us for a year. But questions about it remain for many employers. With the new American Rescue Plan Act (ARPA)...
by Mary Doherty | Mar 22, 2021 | News, Tax Planning
The IRS has announced that the federal income tax filing deadline for individuals for the 2020 tax year is extended from April 15, 2021, until Monday, May 17, 2021. The IRS extended the deadline to provide relief to taxpayers facing challenges as a result of the...
by Mary Doherty | Mar 18, 2021 | News, Nonprofit
No one needs to tell nonprofit organizations how tough the past year has been. According to the John Hopkins Center for Civil Society Studies, 7.7% of nonprofit workers — nearly one million people — lost their jobs between February 2020 and January 2021. An even...
