The Bottom Line
The Bottom Line is where Klatzkin’s advisors provide analysis and insight into key developments in taxation, accounting, and other issues and how they affect businesses and individual taxpayers.

Gated Content Goal 1

August 20, 2020

Please click here to download your Estate Beneficiary Planner.

Related Blog Posts

IRS Issues Guidance on Bonus Depreciation

New IRS Guidance on Car Loan Interest Deductions: What Taxpayers Need to Know

Interest Rates to Stay the Same for the Fourth Quarter of 2025

NJ ANCHOR Program Opens for 2025

The Impact of OBBBA on Nonprofits

Firm Announces New Office Address

U.S. Treasury to Stop Issuing and Accepting Paper Checks

Interest Rates Remain Same for Third Quarter 2024

Interest Rates Remain Same for Second Quarter 2024

A Guide to FinCEN Beneficial Ownership Reporting

CHIPS Act of 2022: Bringing Semiconductors Onshore

IRS Announces New Mileage Rates for 2024

2023 Year End Tax Planning – Individuals

IRS Announces Increases in Retirement Plan Contribution Limits for 2024

IRS Announces Withdrawal Program for ERC Claims

$300 Educator Expense Deduction

IRS Halts Processing of New ERC Claims

Tax Reminder: Student Loan Assistance

Annual Report Requirement Coming to Pennsylvania

Nonprofit Fraud Trends

Significant NJ Tax Changes Announced

New Jersey Sales Tax Holiday Coming Soon

Small Businesses – What To Know For 2023

Last Chance to Claim Tax Year 2019 Refunds

R&D Tax Credit Update – American Innovation & Jobs Act

IRS Releases List of “Dirty Dozen” Tax Scams for 2023

What To Know If The IRS Contacts You

R&D Tax Change Spells Delayed Savings

Interest Rates to Remain Same for Second Quarter 2023

New Jersey 2023 Tax Law Changes

IRS Announces New Online Filing Portal for Forms 1099

What’s In the SECURE Act 2.0?

IRS Delays $600 Reporting Threshold for Form 1099-K

Domestic Filing Exception for Partnerships Updated

IRS Announces Retirement-Related Updates for Tax Year 2023

IRS Announces Inflation Adjustments for Tax Year 2023

IRS Updates Per Diem Business Travel Standard Rates

Property Tax Relief Coming to New Jersey

New Opportunities in the Inflation Reduction Act

New Standard for Nonprofit Reporting of Contributed Nonfinancial Assets

Improperly Forgiven PPP Loans Are Now Taxable

New Statute of Limitations on PPP Loan Fraud

ASU 2021-10: Government Assistance Disclosure Requirement

Pennsylvania Reduces Corporate Net Income Tax Rate

New Auditing Standard Reflects Changing Risk Environment

New Estate Planning Guidance for Electing Late Portability

New Jersey Governor Signs Fiscal Year 2023 Budget

Philadelphia Employers to Provide Commuter Benefits

Pennsylvania Voluntary Disclosure Program

100% Bonus Depreciation Expires in 2022

IRS Raises Interest Rates for Third Quarter of 2022

2022 Employee Retention Credit IRS Penalty Relief

It’s Not Too Late to Claim the Employee Retention Credit

Energy Efficient Home Credit Extended

IRS Struggles Lead to Suspended Notifications

New Law Increases New Jersey Nonprofit Reporting Threshold

Impact of Key Provisions of COVID-19 Relief on Businesses

New Jersey Secure Choice Savings Program

Impact of Key Provisions of COVID-19 Relief on Individual Taxpayers

UPDATED 2022: 15 Signs That You Might Need a New Accountant

Tax Preparation Checklist for 2022

The Twelve Days of Taxmas – Health Savings Account Contribution

The Twelve Days of Taxmas – Pass-Through Entity Tax

The Twelve Days of Taxmas – Net Investment Income Tax Base

The Twelve Days of Taxmas – Employee Retention Credit   

The Twelve Days of Taxmas – Cryptocurrency and the Wash Sale Rule

The Twelve Days of Taxmas – Beneficiary Review

The Twelve Days of Taxmas – Donate Stock and Repurchase It  

The Twelve Days of Taxmas – Required Minimum Distribution (RMD) Reminder

The Twelve Days of Taxmas – Backdoor Roth IRA Conversion

The Twelve Days of Taxmas – Enhanced Meal Deduction

The Twelve Days of Taxmas – Expanded Charitable Donation

IRS Issues Guidance on the Retroactive Termination of the Employee Retention Credit

New Auditor’s Reports Are Coming

Related Individuals and the Employee Retention Credit

How Life Events Change Estate Plans

Early End to the Employee Retention Credit

Required Documentation for the Employee Retention Credit

IRS Releases New Requirements for Research Credit Claims

Key Details of the American Families Plan

American Rescue Plan Act Relief Opportunities for Nonprofits

What the American Jobs Plan Could Mean for Manufacturers

Guidelines for the 2021 Employee Retention Credit

IRS Announces Temporary Business Deductions for Food and Beverages from Restaurants

What’s in The American Jobs Plan?

Are Changes in Store for New Jersey Nonprofit Reporting Thresholds?

Individual Provisions of the American Rescue Plan Act

Recent Updates to the Employee Retention Credit

State Tax Conformity with the CARES Act

New PPP Changes Benefit Small Businesses and Nonprofits

PPP Round 2: Determining and Demonstrating Loan Eligibility

Fundraising in the Era of COVID-19

Tax Preparation Checklist

PPP Loan Accounting Guidance for Business Entities

COVID-19 Relief Opportunities for Nonprofit Organizations

15 Signs That You Need a New Accountant in 2021

SBA Releases Procedural Notice on PPP Loan Increases

COVID-19 Relief Bill Expands Business Tax Savings

COVID-19 Relief Bill Offers Welcome PPP Changes

2020 Required Minimum Distribution: To Waive or Not To Waive

Survey Reveals the Impact of COVID-19 on New Jersey Businesses

IRS Taxpayer Relief Initiative Offers New Payment Options

Important Tax Questions Every Business Owner Should Ask Before Heading Into 2021

Update: Nonprofit Gifts-in-Kind Financial Statement Reporting Rules

Accounting for PPP Loans and PPP Loan Forgiveness

2020 Presidential Candidate Tax Visions

IRS Processing Delays Puzzle Taxpayers

Nonprofit State Registrations: Recent Changes in Pennsylvania and New Jersey

Preparing for a Nonprofit Audit

Ways to Lower Your Adjusted Gross Income

Last Chance to Claim Tax Year 2022 Refunds

Contact Us

  • This field is for validation purposes and should be left unchanged.

By Category

By Date

Subscribe to Blog

SERVICES

INDUSTRIES

OUR LOCATION

1 AAA Drive, Building 1A, Suite 104 Hamilton, NJ 08691 P: 609-890-9189 F: 609-890-6235

FOLLOW US