Employee Benefits

06/08/2009

Businesses Can Leverage the Tax Benefits of ARRA 2009

In these challenging economic times, businesses like yours are looking at numerous ways to maximize earnings and minimize tax burdens. Careful planning is vital to ensure that unexpected taxes do not adversely impact your organization’s future viability. The latest Business and Industry Business Brief is part one of a two-part series on The American Recovery and Reinvestment Act (ARRA) of 2009 meant to help you face the business challenges that ARRA presents and outlines some ARRA provisions that you and your team should consider as part of your tax planning.

Payroll and COBRA Provisions of the Economic Stimulus Plan

Updated May 22, 2009

Several provisions of the economic stimulus plan may have a significant impact on your company or clients’ business, including the “Making Work Pay” tax credit and a host of COBRA requirements and provisions, ranging from a special 60-day election period and an additional plan enrollment option for COBRA recipients.

Continue reading "Payroll and COBRA Provisions of the Economic Stimulus Plan" »

04/03/2009

PCPS Resources: Obama’s Recovery Act and Small Business Plan

Your clients may need clarification on President Obama’s small business initiatives and what they mean to their small business. To help you communicate with clients, PCPS is providing client communication resources that provide a clear overview of the key aspects of the small business plan and the Recovery Act tax provisions.

Top Ten Tips for Tax Planning in the Recession

In 2009, businesses will need to be positioned to maximize their operating flexibility, while maximizing their after-tax earnings (or minimizing their after-tax losses). In evaluating the optimal tax positions, taxpayers must carefully factor in the impact of any tax elections or accounting methods on their U.S. GAAP to ensure that the financial statement impact does not negatively impact the businesses credit rating and borrowing options.

Recoverability of Equity-Based Compensation Deferred Tax Assets

As the stock market slides, more stock options and related deferred compensation instruments are “underwater,” and the related deferred tax assets may no longer be recoverable. Find out what to monitor for events that trigger the fixing of the corporate tax deduction and recoverability of the related tax asset.

Tax Issues Arising From Stock Market Declines

Investors have suffered during 2008, but the tax code provides opportunities for both greed and caution after the fall. This article addresses tax issues arising from stock market declines, including Wash Sale rules, IRA to Roth conversions and AMT relief for taxpayers who exercised incentive stock options.

The 401(k) Solution

You've no doubt been getting numerous phone calls from clients. "What should I do with my investments?" "Should I sell now?" "Should I buy more?" "Should I pull the money out of my 401(k) before I lose it all?" Here's how to best advise your clients.

Now’s the Time to Comply With NQDC Regs

IRC § 409A and a torrent of related regulations prescribe new rules for nonqualified deferred compensation plans that, if not followed, can cause deferred amounts to be included in current-year income, along with hefty penalties and interest. Help your clients observe the law's many nuances.

AICPA Economic Crisis and Recovery Center