The COVID-19 pandemic has had a dramatic impact on commercial real estate. Some sectors of the industry, such as industrial property, remained vibrant, while office and retail space showed a decline. The reason is that the past year changed many things about the way we live, work and play. The future for the most affected sectors… Read more

Accurate and up-to-date financial records play an important part in your business’s success, but the daily tasks required to maintain these records fall to the bottom of your to-do list. That’s understandable — you didn’t go into business to become a bookkeeper. Wading through managing employees, paying bills, making long-term decisions and analyzing costs take… Read more

President Biden presented the American Families Plan in an April 28, 2021 address to Congress, which he proposed a federal spending program to support new educational and family programs. The plan contains a number of proposals, some of which include tax increases for individual taxpayers with annual income greater than $452,700 (married couples filing jointly… Read more

The Department of Labor recently withdrew the “Independent Contractor Status Under the Fair Labor Standards Act” final rule. According to the Society for Human Resource Management, “The DOL has traditionally analyzed a number of factors to consider whether a worker is an independent contractor or employee and looked at ‘the totality of the circumstances.’ The… Read more

The IRS is providing some leeway to employee benefit plans offering health flexible spending accounts (FSAs) and dependent care assistance plans (DCAPs). Under the COVID-19-related Taxpayer Certainty and Disaster Tax Relief Act of 2020, these plans now have additional discretion in 2021 and 2022 to adjust their programs to help employees better meet the unanticipated… Read more