About: janrogers

With the postponements of effective dates of certain authoritative guidance by Governmental Accounting Standards Board (GASB) Statement No. 95, the effective dates of GASB Statement No. 87, Leases, and the related Implementation Guide No. 2019-3, Leases was postponed 18 months. The revised effective date of GASB Statement No. 87, Leases, is now scheduled for reporting periods…

Are you thinking about launching a business with some partners and wondering what type of entity to form? An S corporation may be the most suitable form of business for your new venture. Here’s an explanation of the reasons why. The biggest advantage of an S corporation over a partnership is that as S corporation…

The new American Rescue Plan Act (ARPA) provides eligible families with an enhanced child and dependent care credit for 2021. This is the credit available for expenses a taxpayer pays for the care of qualifying children under the age of 13 so that the taxpayer can be gainfully employed. Note that a credit reduces your…

Many businesses have retained employees during the COVID-19 pandemic and enjoyed tax relief with the help of the employee retention credit (ERC). The recent signing of the American Rescue Plan Act (ARPA) brings good news: the ERC has been extended yet again. The original credit As originally introduced under last year’s CARES Act, the ERC…