Labor Market Remains Resilient

Labor Market Remains Resilient

Although the Federal Reserve has attempted to slow the economy to get a handle on inflation, the unemployment rate actually declined in September. It was forecasted that the unemployment rate would be 3.7%, however, for the month of September, it was 3.5%.  The...
IRS Appeals Revises Initial Contact Letters

IRS Appeals Revises Initial Contact Letters

After receiving feedback from taxpayers and practitioners, the IRS Independent Office of Appeals has made updates to their initial contact letters. Previous contact letters that were received were difficult for taxpayers to understand. Therefore the IRS’ goal with...
Minimum Wage Increases Taking Effect

Minimum Wage Increases Taking Effect

It’s that time of year again to talk about minimum wage increases scheduled to take effect January 1 (December 31, 2020 in the case of New York State). With the pandemic seriously impacting businesses and their struggle to stay open, I’d hoped that there would be stay...
Deductibility of Alternative Health Plans

Deductibility of Alternative Health Plans

Have you noticed that the cost of insurance has gone up year after year? Are you aware that premiums have increased over 54% since 2009?  The IRS has recently issued regulations that may help you with the cost of your insurance. It has now allowed two different...

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