by Brian Hare, CPA, CGMA | Aug 25, 2021 | Tax
Employer-provided life insurance is a coveted fringe benefit. However, if group term life insurance is part of your benefit package, and the coverage is higher than $50,000, there may be undesirable income tax implications. Tax on income you don’t receive The first...
by Brian Hare, CPA, CGMA | Aug 25, 2021 | Business
Business owners are regularly urged to create and update their succession plans. And rightfully so — in the event of an ownership change, a solid succession plan can help prevent conflicts and preserve the legacy you’ve spent years or decades building. But if you want...
by Brian Hare, CPA, CGMA | Aug 18, 2021 | Business
In Notice 2021-46, the IRS recently issued additional guidance on the COBRA assistance provisions of the American Rescue Plan Act (ARPA). Under the ARPA, a 100% COBRA premium subsidy and additional COBRA enrollment rights are available to certain assistance eligible...
by Brian Hare, CPA, CGMA | Aug 16, 2021 | Tax
What if you decide to, or are asked to, guarantee a loan to your corporation? Before agreeing to act as a guarantor, endorser or indemnitor of a debt obligation of your closely held corporation, be aware of the possible tax consequences of guaranteeing a loan. If your...
by Brian Hare, CPA, CGMA | Aug 4, 2021 | Business
Many businesses are spending more time and resources on supporting the well-being of their employees. This includes recognizing and addressing issues related to diversity, equity and inclusion (DEI). A thoughtfully designed DEI program can do more than just head off...
