November 16th, 2020 • Blog
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Vera Bruursema
Non-employee compensation reporting has been removed from Form 1099-MISC for the 2020 tax season and beyond. The IRS has redesigned the Form 1099-MISC and revived a new version of the 1099-NEC.
1099-NEC
What was previously reported on Box 7 of the 1099-MISC, the new 1099-NEC will now capture any payments to non-employee...
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October 21st, 2020 • Blog
Jim Moran, CPA, MST
COVID-19 has had a big impact on businesses and individuals alike. One universal change has been the increase in telecommuting workers. This may not seem like it would be all that impactful when it comes to your taxes, but it does beg the question: Whose state income tax should you...
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October 6th, 2020 • Blog
Kathryn A. Sisson, CPA, MST
As we navigate through our new reality, we are all learning and embracing more and more about technology each day - from online banking to virtual meetings. Many businesses are evaluating how they operate in all areas of their business and finding ways to be more efficient. One area you...
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September 3rd, 2020 • Blog
Sammie Binning, CPA
The Paycheck Protection Program (PPP) was enacted as part of the Coronavirus Aid, Relief and Economic Security (CARES) Act in March 2020 to assist small employers with the cost of maintaining their employees during the COVID-19 crisis through a loan from the Small Business Association.
This article will cover how forgiveness...
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August 11th, 2020 • Blog
Alan Goodwin, MSA
Local Governments have something to be thankful for! On Thursday May 7, 2020, the Governmental Accounting Standards Board (GASB) officially approved guidance postponing effective dates on certain pronouncements. In response to challenges due to the COVID-19 pandemic GASB approved Statement 95, Postponement of the Effective Dates of Certain Authoritative Guidance....
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When most people think of accountants, their mind (typically) will go directly to the thought of tax returns. But our accountants at Melanson Heath are here to do more, and be more, than just that. Although we have a number of specialties, this article will explore the offerings of our...
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