Brittany Besler
Posts by Brittany Besler
2022
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05.16
Nonprofit Tax Update: Insight from AAFCPAs’ Tax Consulting Attorneys
AAFCPAs’ tax department includes Tax Attorneys who closely monitor the changes to tax code, including unrelated business taxable income, multi-state filing / registration requirements, compensation issues and employment taxes, and other state and local tax considerations. In this webcast, recorded April 2022 at AAFCPAs’ Nonprofit Educational Seminar, Joshua England, LLM, Esq., Brittany Besler, MBA, CPA, Esq., […]
2022
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02.03
Boston Business Journal: In play: local colleges are navigating a whole new world of athletic endorsement deals
Boston Business Journal (2.2.22) – AAFCPAs Tax Consulting Attorney, and former Lehigh University D1 Soccer and LAX athlete, Brittany Besler, MBA, CPA, Esq., weighs in on tax implications athletes and businesses may consider…
2022
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02.01
Massachusetts Emergency Paid Leave Act Updates
AAFCPAs would like to remind clients that in September of 2021, the state of Massachusetts extended their Emergency Paid Sick Leave Act, requiring employers to make paid leave time available to employees. These COVID-19 paid leave obligations will now continue until April 1st, 2022. The act is effective Friday, May 28th, 2021, through April 1st, […]
2022
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01.20
Low Income Housing Tax Credit Program Extensions
AAFCPAs would like to make clients aware that on January 11, 2022 the IRS issued Notice 2022-05 which further extends the temporary relief from certain requirements for low-income housing tax credit (LIHTC) projects, originally extended earlier in 2020 & 2021 due to the COVID-19 pandemic. For your convenience we have outlined some of the key […]
2021
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11.19
PPP Payment Due Dates Approaching
AAFCPAs reminds clients who received Paycheck Protection Program (PPP) loans of the payment due dates. PPP borrowers are eligible to apply for forgiveness at any time before their loans’ maturity date (loans made before June 5, 2020 generally have a two-year maturity, while loans made on or after that date have a five-year maturity, although […]
2021
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10.11
Tax Planning Guides for Businesses & Individuals (2021-2022)
When considering your optimal tax planning & compliance strategy, business & individual tax payers must account for all current and impending tax code changes. This includes the 2017 Tax Cuts and Jobs Act, the 2019 Further Consolidated Appropriations Act, the 2020 Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and subsequent stimulus initiatives, as […]
2021
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09.20
Treasury, IRS guidance on reporting qualified sick & family leave wages
AAFCPAs would like make clients aware that the Treasury Department and the IRS issued guidance to employers about reporting on Form W-2 the amount of qualified sick and family leave wages paid to employees for leave taken in 2021. The notice provides guidance under recent legislation, including: the Families First Coronavirus Response Act (FFCRA), as […]
2021
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08.12
Treasury, IRS provide gross receipts safe harbor for employers claiming the Employee Retention Credit
AAFCPAs would like to make clients aware that the Treasury and the IRS recently issued a safe harbor allowing employers to exclude certain items from their gross receipts solely for determining eligibility for the Employee Retention Credit (ERC). These amounts are: The amount of the forgiveness of a Paycheck Protection Program (PPP) Loan; Shuttered Venue […]
2021
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08.06
Treasury, IRS Provide Additional Guidance on Employee Retention Credit, Including for the Third and Fourth Quarters of 2021
AAFCPAs would like to make clients aware that the Treasury Department and the Internal Revenue Service issued further guidance on the employee retention credit, including guidance for employers who pay qualified wages after June 30, 2021, and before January 1, 2022, and additional guidance on miscellaneous issues that apply to the employee retention credit in […]
2021
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08.03
Paid leave credit available for providing leave to employees caring for individuals obtaining or recovering from a COVID-19 immunization
AAFCPAs would like to make clients aware, the IRS updated frequently asked questions (FAQs) on the paid sick and family leave tax credits under the American Rescue Plan Act of 2021 (ARP). The updates clarify that eligible employers can claim the credits for providing leave to employees to accompany a family or household member or […]