Articles
Employee Benefit Plans Articles
Statements on Auditing Standards No. 136
No more limited scope audits?! Don’t panic. “Limited scope audits” rebranded with a new name: ‘ERISA Section 103(a)(3)(c) audits’....
Tax Articles
What is PTE and Which States Have Passed Legislation for 2022?
With the passing of the Tax Cuts and Job Act of 2017, the individual deduction for state and local...
Tax Articles
IRS Provides Relief for Qualifying Partnerships & S Corporations Preparing K-2 and K-3 for 2021
The IRS has provided exceptions to filing new schedules K-2 and K-3 for certain domestic partnerships and S corporations....
Employee Benefit Plans Articles
Don’t Forget About the ADP/ACP Testing Deadline
As we kickoff the New Year, Plan Sponsors should be aware of the important Actual Deferral Percentage (ADP) and...
Articles
Qualified Sick Leave and Qualified Family Leave Payment Reporting
The Family First Coronavirus Response Act (FFCRA), The Emergency Paid Sick Leave Act (EPSLA), and the Emergency Family and...
Articles
Supply Chain and Packaging Crisis
From the onset, the COVID-19 pandemic has and continues to, change consumer preferences radically. Where once consumers would go...
Articles
PPP Loan Forgiveness: Non-Payroll Costs – What You Need to Know
When a business applies for forgiveness of second draw Paycheck Protection Program (PPP) loans, there are several factors they...
Nonprofit + Social Services Articles
Shining a Spotlight on Liv Like a Unicorn – Be the Good
This month the SobelCo nonprofit spotlight is shining on ‘Liv Like a Unicorn’, an organization born out of one...
Articles
Cryptocurrencies
Most people are familiar with Bitcoin by now, and you might have heard of Ethereum, too. But those are...
Articles
1099 Reporting Requirements – What You Should Know
Form 1099 is an information reporting requirement for payers of specific categories of payments to recipients. Businesses that make...
Articles
Donated Food Inventory
The War Revenue Act of 1917 first allowed taxpayers to deduct charitable contributions from their taxable income as a...
Nonprofit + Social Services Articles
State Assembly Committee Amends New Jersey’s Charities Registration Information Act
Over the last several years, New Jersey’s Center for Nonprofits, the New Jersey Society of CPAs Nonprofit Interest Group,...