The Missouri Department of Revenue has announced the 2019 individual income tax year changes, effective for the tax year beginning January 1, 2019, which will be reflected on 2019 Missouri individual income tax returns.
Income Tax Brackets
The income tax… Read More

The post Missouri Announces Individual Income Tax Changes for 2019 Tax Returns appeared first on Anders CPAs.

Access the 2020 Anders Tax Pocket Guide for this year’s corporate and individual tax rates, retirement plan contribution limits and more, including:

Estate tax and lifetime gift tax exemption increase to $11,580,000
AMT exemption increase
Standard deduction increase

View the… Read More

The post 2020 Tax Pocket Guide appeared first on Anders CPAs.

It’s crunch time for filing individual tax returns, which means tax-related identity theft is on the rise. Each year, more and more scammers plan to steal personal information of taxpayers to file a fraudulent return or claim a refund. The… Read More

The post Protect Yourself Against Tax-Related Identity Theft with a New Tool from the IRS appeared first on Anders CPAs.

The IRS has officially extended the federal income tax filing and payment deadline from April 15 to July 15, 2020 as part of relief efforts around the COVID-19 pandemic. All American taxpayers and businesses will have three additional months to … Read More

The post IRS Extends Federal Tax Filing Deadline to July 15 in Response to COVID-19 appeared first on Anders CPAs.

Federal and state tax credits and incentives can help fund new business ventures and offset project expenses, saving your company time and money. Whether your company is adding jobs, investing in new technology or expanding its footprint to additional locations, there are credits designed to help fund these projects. Below we have outlined relevant tax...

The post A Guide to Tax Credits and Incentives for Missouri Businesses appeared first on Anders CPA.

The Situation Cheree Berry Paper (CBP), one of the nation’s premier custom stationery and graphic design firms, has designed wedding invitations for first families and delivered paper possibilities to Hollywood’s most sought-after stars. They have expanded from a one-person shop to a team of more than 20 women in just over a decade so they are...

The post Strategic Guidance Leads to Growth for Cheree Berry appeared first on Anders CPA.

Access the 2020 Anders Tax Pocket Guide for this year’s corporate and individual tax rates, retirement plan contribution limits and more, including: Estate tax and lifetime gift tax exemption increase to $11,580,000 AMT exemption increase Standard deduction increase View the 2020 Anders Tax Pocket Guide. Contact an Anders advisor to learn how these rates affect you...

The post 2020 Tax Pocket Guide appeared first on Anders CPA.

It’s been over a year since states across the country started implementing sales tax regulations. But how have businesses been impacted? The Anders State and Local Tax Services Group and Aegis Law are back with a recorded discussion on how the South Dakota v. Wayfair case has affected out of state retailers and multi-state businesses...

The post VIDEO – From Then to Now: The State of South Dakota v. Wayfair appeared first on Anders CPA.

GagliardiPhotography/Shutterstock

• As spring passes by under lockdown, many Americans are wondering if it's safe to visit their mom for Mother's Day this year. 
• Claudia Finkelstein, a doctor and associate professor of family medicine at Michigan State University, says that if either you or your parent have a chronic illness, are over the age of 65, or live in an urban area, it's unwise to plan an in-person visit.
• If you are able to visit your mother, however, try to meet outdoors and avoid physical contact — which may be challenging if you have children.
• Visit Business Insider's homepage for more stories.

As a physician, mother, daughter, and socially responsible human, I'm finding Mother's Day to be complicated for me this year, as it is for millions. Questions of whether and how to see my adult children and my own elderly mother present medical and ethical quandaries. As an associate professor of family medicine with a focus on wellness, as Mother's Day approaches, I'd like to share with you my thinking about this using some tools to aid discernment.

Wouldn't it be great if choosing time with parents or offspring were ever an easy decision to make? However, the answer is rarely that simple. This year, in the midst of a global pandemic and the need to continue to practice social distancing, the decision is even more complex than usual.

See the rest of the story at Business Insider

NOW WATCH: A cleaning expert reveals her 3-step method for cleaning your entire home quickly

See Also:

• Scott Galloway: Amazon can and should offer all of its Prime members COVID-19 testing 'at a scale and efficiency that makes America feel like South Korea — competent'
• 14 countries that are paying their workers during quarantine — and how they compare to America's $1,200 stimulus checks
• This is the most common zodiac sign among the world's richest billionaires

SEE ALSO: 5 ways for parents to motivate their kids and avoid tantrums at home during the coronavirus, according to a parenting expert

READ MORE: There's such a thing as having a 'social allergy' to someone you dislike. Here's how to keep the peace, no matter what situation you're in.

AP Photo/Evan Vucci

• More than a dozen people who may work near President Trump and Vice President Pence have tested positive for the coronavirus this week.
• On Friday, Pence's press secretary Katie Miller tested positive for the virus. Eleven Secret Service agents have also tested positive for COVID-19, along with one of President Trump's valets. Ivanka Trump's assistant has also caught the coronavirus, but that person has been working remotely for weeks. 
• Because the virus spreads easily when people are in close contact, the US Centers for Disease Control and Prevention urges anyone who's been exposed to someone who's caught the coronavirus to stay home for 14 days.
• FDA Commissioner Stephen Hahn, who worked with Miller recently, said he'll stay home for the next two weeks, but the President and Vice President remain out and about. 
• Visit Business Insider's homepage for more stories.

The coronavirus arrived at the White House this week.

Vice President Mike Pence's Press Secretary, Katie Miller, tested positive for the virus on Friday. 

See the rest of the story at Business Insider

See Also:

• The US taught the world public health. Now it's getting schooled.
• New research found coronavirus antibodies in over 99% of recovered patients. Here's what science says about immunity.
• The CDC is warning of potential measles outbreaks as kids miss getting vaccines while in lockdown

Getty Images

• The storied investment bank is seeing leadership shakeups under CEO David Solomon and a slew of partner departures. 
• Goldman has been moving away from high-risk businesses like trading and is making pushes into more stable areas like consumer lending, wealth management, and transaction banking. 
• There have been big cultural changes, too. Solomon is looking to create a more transparent workplace, while new tech execs are taking cues from Silicon Valley heavy-hitters. 
• At Business Insider, we are closely tracking the latest developments at Goldman. You can read all of our Goldman coverage on BI Prime.

Storied Wall Street bank Goldman Sachs is going through some massive changes under CEO David Solomon.

It's taken big steps involving transparency and inclusion to change up its culture. It has seen a slew of partner departures — many in the securities division. And it's making big pushes into businesses like wealth management and transaction banking.  

The latest people moves

• Goldman Sachs just hired Kurt Hoffman, an expert in distressed situations and bankruptcy, to join a trading unit known for some of the bank's most lucrative deals
• Goldman Sachs' top tech exec explains how a fresh slew of senior hires are transforming the bank's approach to building products
• Read the full memo Goldman Sachs just sent naming 4 execs to lead its private-equity investments across the merchant-banking division

Culture and talent

• Read the full memo Goldman Sachs just sent to staff announcing its new head of regulatory affairs. The former White House counsel will be tasked with helping clean up the bank's 1MDB drama.
• Goldman Sachs just hired 2 senior recruiting execs focused on luring top talent from other firms —and it's a huge departure from the firm's traditional promote-from-within mentality
• Read the full memo David Solomon just sent to 38,000 Goldman Sachs employees explaining why he's moving his management team out of stuffy offices and into open seating
• Goldman Sachs CEO David Solomon and his management team are ditching their stuffy offices and moving to an open floor plan closer to the people so they can feel the buzz of New York headquarters
• Goldman Sachs just unveiled a new gender pronouns initiative as part of a broader inclusion push at the Wall Street firm
• Read the memo Goldman Sachs just sent to its employees unveiling a new pronouns initiative

Coronavirus response

• Inside a 38,000-person remote work rollout at Goldman Sachs: sleepless nights, assembly lines, and an Amazon-like hub on a Manhattan trading floor
• How a massive New York hospital secured 130,000 N95 masks from China with help from a senior partner at Goldman Sachs, private jets, and a call to Warren Buffett
• Goldman Sachs CEO David Solomon just sent a firm-wide voicemail about the coronavirus crisis. Here's what he told employees.
• Goldman Sachs and Bank of America just updated their WFH policies — again. Here's what they're telling employees about the latest steps aimed at combating the spread of coronavirus.
• Read the full memo Goldman Sachs top brass just sent detailing the firm's coronavirus contingency plans, including separating employees into 'blue' and 'white' teams to alternate working from the office and home

Consumer push, transaction banking, wealth management

• Goldman Sachs just announced its first partnership for transaction banking as it looks to build a new $1 billion business moving money around the world
• Goldman Sachs is sending much less mail to potential Marcus customers. A senior exec lays out the reason why.
• A Goldman Sachs exec explains why the bank isn't sweating concerns over the Apple Card's profitability
• A Wall Street firm crunched the numbers around how much Apple will make from its new credit card with Goldman Sachs
• Here's why Goldman Sachs just did its biggest deal in nearly 20 years as part of a pivot to less wealthy clients
• Goldman Sachs execs are opening up about their plans for Marcus, and they think it can do to banking what iTunes did to the music industry
• Goldman Sachs' partnership with Apple could move it a step closer to being 'a bank branch in your pocket'
• Human resources is the next battleground for Wall Street wealth advisers as Morgan Stanley and Goldman Sachs jockey over new turf
• Goldman Sachs has a novel method for predicting the next economic slump, and it's at the heart of its hot new business

Technology

• JPMorgan and Goldman Sachs are finally beginning to embrace fintech startups. Here's how they test the waters before committing to working with them.
• We talked to the execs behind Bloomberg's new data partnership with Goldman Sachs. Here's why they think it's a sign of Wall Street's future.
• Goldman Sachs is putting its own Marquee app on Amazon's cloud in a pitch to lure more fintech developers
• Goldman Sachs is embracing open-source code and its chief data officer says it's part of a "new world" of software
• Read the memo the new Goldman tech chief sent to the firm's 9,000-plus engineers where he urges them to ditch presentations in favor of Amazon's famous narratives
• A new Goldman Sachs tech exec hired from Amazon is taking a page from the Jeff Bezos playbook by urging engineers to ditch PowerPoint and write memos
• Goldman Sachs' new CTO shares his strategy for attracting outside developers to work more closely with the bank, giving a glimpse into the future of how Wall Street will work
• A Verizon executive is joining Goldman Sachs as chief technology officer as the Wall Street bank reshuffles its ranks
• Marty Chavez is retiring from Goldman Sachs. We chatted with him about the bank's tech transformation, why now is the right time for him to step down, and what he's planning next.
• Goldman Sachs tech guru Marty Chavez is retiring from the bank
• Goldman Sachs' CEO just warned that the bank's big tech bets might not pay off as quickly as people hope
• Goldman Sachs is scrapping a homegrown email app it once touted — and it's a sign the bank is moving away from building tech in house
• Goldman Sachs is exploring plans to create a Netflix for data, and it marks a new frontier for Wall Street
• Goldman Sachs' internal idea factory hatched a plan for the Google of Wall Street, and it's now looking for the next big thing to disrupt the bank
• Goldman Sachs' big bet on the future of Wall Street had a rocky start. Here's the inside story of the bank's struggle to grow its next business and an exclusive look at its plans

Trading

• Bank of America is shaking up its global markets division and poached a Goldman Sachs exec to fill a key new role
• Goldman Sachs' massive quant business now rivals AQR and Two Sigma. We talked to the bank's top quant about asset growth, finding data sources, and why critics of computerized trading are wrong.
• Goldman Sachs' CEO tells us the bank is winning over quant clients. That helped it outpace rivals like JPMorgan last quarter.
• Goldman Sachs is cutting about 5% of sales and trading staff after senior equities leaders delivered a tough town-hall talk
• Goldman Sachs is moving away from a tool championed by its former CFO as it pushes its traders to see clients where they once saw quick wins
• Goldman Sachs is shuffling its top stock trading executives as the business tries to claw back market share from Morgan Stanley and JPMorgan
• Goldman Sachs's bond trading unit is still trying to find its way — and it represents a key challenge for new CEO David Solomon

Alternatives

• Read the full memo Goldman Sachs just sent naming 4 execs to lead its private-equity investments across the merchant-banking division
• Goldman Sachs is making targeted hires for a 'storefront' for alternative investments that's modeled after firms like KKR and Blackstone
• Goldman Sachs' push into private equity is ruffling feathers at Blackstone — and it might be a sign of big client skirmishes to come
• Goldman Sachs execs are jockeying for control of the firm's lucrative private investing units after a plan to merge it — and the stakes couldn't be higher
• Meet the Goldman Sachs execs tasked with building the firms' new Blackstone-esque private-investing unit — and pumping up the bank's flagging stock price
• 'It's good to be Rich': Meet the Goldman Sachs banker who has built a private investing empire that goes head-to-head with Blackstone — and you've probably never heard of him
• Goldman Sachs is considering a shakeup of its alternative investing units as part of a plan to simplify the bank's strategy

Deals

• Goldman Sachs is assembling a team of senior bankers focused on middle-market private equity. Here are the key hires and the playbook they'll use to land new clients.
• Goldman Sachs unloaded some of its WeWork shares before its investment bankers pitched investors on what it once considered a $60 billion-plus IPO
• Goldman Sachs just revealed it sold part of its Uber stake to SoftBank and it helped boost a $4.5 billion business
• A senior Goldman Sachs fintech banker was about to join JPMorgan — but then got lured back —and it's another sign of the fierce battle for M&A talent
• Goldman just promoted a star tech banker close to Tesla and Microsoft to co-head one of its most profitable businesses, as incoming CEO Solomon makes his mark
• Goldman Sachs just announced a shakeup of its leadership — and it signals the rise of bankers over traders
• A tug-of-war between Goldman Sachs and JPMorgan over a top banker highlights Wall Street's $1 trillion battleground

Investor day 2020

• Inside Goldman Sachs' first investor day, where avocado toast and crab apples were served with tech talk, 3-year plans, and a surprising trading mea culpa
• Goldman Sachs just revealed a new wealth brand at its first-ever investor day. It shows how the bank is trying to reshape its strategy — and image.
• Goldman Sachs just unveiled hundreds of slides laying out the future of the company. Here are the 10 crucial slides that show how it plans to transform into a bank for everyone.
• Goldman Sachs is rethinking how it makes private-equity bets with its own money – and one analyst thinks that shift will be a big driver of its stock price

Careers 

• Goldman Sachs is now hiring high-school graduates for roles in Salt Lake City, one of the company's 'high value' locations
• Goldman Sachs has lost at least 54 partners since David Solomon became CEO. We're keeping a running list — and compiling details from insiders about how the exits are being celebrated.
• Read the full memo Goldman Sachs' top brass just sent to staff announcing 2 heads of the bank's private-investing arm are out as it's gearing up to raise billions
• 2 coheads of Goldman Sachs' private-investing business are retiring, in a blow to David Solomon's fundraising plans
• A Goldman Sachs partner who just resigned is leaving behind a job overseeing $2 billion for a London VC with a leading stake in neobank Revolut
• Read the memo announcing the departure of Adam Korn, the Goldman Sachs exec who was 'instrumental in building and championing' innovations like the bank's Marquee platform
• Another Goldman Sachs partner is out. HR chief Dane Holmes is the latest key player to leave the Wall Street bank in a matter of days.
• Goldman Sachs is offering buyouts to encourage partners to leave as CEO David Solomon works to shrink one of the most elite clubs on Wall Street
• Goldman Sachs is making renewable energy a big priority based on its hiring strategy. It's a sign that its ideas incubator is working.
• The David Solomon era at Goldman Sachs kicked off with 43 words Lloyd Blankfein would never say
• Goldman Sachs CEO David Solomon shares his best leadership advice
• Goldman Sachs is shaking up the way it stocks one of the most elite clubs on Wall Street — and it shows how banks are back to making money again
• Goldman Sachs' 1MDB problems are eating into employee morale, and insiders worry the firm will use its legal woes as an excuse to scrimp on bonuses
• Goldman Sachs is about to move dozens of jobs out of pricey New York to Utah as Wall Street turns to cheaper cities

NOW WATCH: Why electric planes haven't taken off yet

See Also:

• Goldman Sachs just hired Kurt Hoffman, an expert in distressed situations and bankruptcy, to join a trading unit known for some of the bank's most lucrative deals
• With retailers like J. Crew and Neiman Marcus floundering, top restructuring bankers are seeing a surge in work. Here's how firms like Lazard, Evercore, and Moelis are staffing up.
• A startup that uses AI to scan Wall Street chats is flagging more people for cursing and complaining — and it could be a sign of bigger compliance issues while people work from home

Scott Halleran/Getty Images

• College sports won't return this fall if colleges remain closed, the NCAA president Mark Emmert said in an interview May 8. 
• While if, how, and when schools reopen remains to be seen and will surely vary across campuses, the goal is keeping students, including student-athletes, safe. 
• It will be a "very unusual school year," Emmert said, and the NCAA will need to adapt accordingly.  
• Visit Business Insider's homepage for more stories.

No one knows for sure what college campuses will look like in fall 2020, but it's clear students won't be kicking off their higher education in large auditoriums for convocation, initiating brothers at fraternity parties, or flirting with dormmates in mess hall buffet lines. 

Now, there's a good chance many won't be cheering for their sports teams — even remotely — either, NCAA presient Mark Emmert said in an interview with NCAA's college basketball correspondent Andy Katz May 8.  

See the rest of the story at Business Insider

NOW WATCH: Pathologists debunk 13 coronavirus myths

See Also:

• Fox News hosts Jeanine Pirro and Brian Kilmeade received priority treatment for PPE requests from Kushner's coronavirus team, according to a new report
• The White House hopes Americans will suddenly stop dying of coronavirus
• NY Gov. Cuomo picks daughter Mariah as 'informal advisor' for coronavirus mask wearing campaign

More contractors go bankrupt due to cash flow than they do because of profitability. Given the unprecedented events of COVID-19, the construction industry is particularly prone to major cash flow issues that could easily bankrupt your business. During this webinar session we will address critical cash flow considerations. This webinar is co-hosted by NECA and the Construction Financial Management Association (CFMA). The presenter is Michael McLin, Managing Director at Maxim Consulting Group responsible for leading several service line teams within the firm.

The U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) has issued interim enforcement guidance to help combat supply shortages of disposable N95 facepiece respirators (N95 FFRs). This is the latest step to ensure availability of respirators. More information at the USDOL website.

This Small Entity Compliance Guide (SECG) is intended to help small businesses comply with the Occupational Safety and Health Administration’s (OSHA) Respiratory Protection standard (63 FR 1152; January 8, 1998). OSHA’s goal for this document is to provide small entities with a comprehensive step-by-step guide complete with checklists and commonly asked questions that will aid both employees and employers in small businesses with a better understanding of OSHA’s respiratory protection standard.

NECA is pleased to report that the U.S. Treasury Department released new guidance on April 7, 2020, clarifying that companies with under 500 employees do qualify for loans under the new Paycheck Protection Program (PPP). This change comes after association staff raised concerns with Congressional leaders and officials at the Small Business Administration and the Department of Treasury.

Due to the cross-contamination challenges impacting our industry caused by COVID-19, Enespro has updated our Care and Maintenance Guidelines for Electrical PPE, incorporating important CDC guidelines and references to ASTM F496.

With many construction sites remaining operational during the COVID-19 pandemic, it is extremely important to maintain compliance with all social distancing guidelines and requirements. NECA developed recommendations that are specific to construction projects that continue to be operational. While these are fairly comprehensive, they are not all-inclusive. The needs of each site can vary. State or other local requirements can be more restrictive and would take precedent.

The Penn-Del-Jersey Chapter, NECA has donated to 20 health care facilities, systems, or foundations throughout Pennsylvania and Delaware to fight the COVID-19 pandemic.

The U.S. General Services Administration has issued an order to accept e-signatures for surety bonds to allow infrastructure projects to move forward.

The Chief Executive Officer of the National Electrical Contractors Association, David Long, issued a statement on being named to the Great American Economic Revival Industry Group for Construction/Labor/Workforce.

NECA has developed safety videos for the electrical industry and encourages members and contractors to use these as educational resources.

Check out NECA Safety Orientation, NECA Job Briefings and NECA Safety Lockout/Tagout online here.

NECA is sponsoring a safety stand down on April 29 to recognize the many electricians and utility workers have been deemed essential workers during the COVID-19 pandemic, and continue to go to work each day and make sacrifices to better our country.  Take part and share a note or photo with #NECASafety, and on NECA’s LinkedIn and Facebook accounts. Please share the number of workers who participated with safety@necanet.org so we can feature this in the future. Material for your safety stand down can be found below at the NECA Coronavirus Resource Center.   

In light of the coronavirus disease 2019 (COVID-19) pandemic, OSHA understands that some employers may face difficulties complying with OSHA standards due to the ongoing health emergency. Business closures and other restrictions and limitations may also preclude employee participation in training even when trainers are available. In other situations, access to medical testing facilities may be limited or suspended.

The U.S. Department of Labor announced that the Occupational Safety and Health Administration (OSHA) has released a new video and poster for employers and workers on how to properly wear and remove a respirator. The video and poster – in English and Spanish – demonstrate and describe seven steps every worker should follow when putting on and taking off a respirator.

Professional gamblers and hobby gamblers are now on the same playing field in the eyes of the IRS. Under the Tax Cuts and Jobs Act (TCJA), changes were made to how expenses and losses are deducted against gambling winnings. Previously… Read More

The post Tax Reform for Individuals: Changes in Deducting Gambling Losses appeared first on Anders CPAs.

Most kids spend countless hours playing video games in their free time, but for some this hobby could potentially turn into a career. eSports and video game streaming have become a multibillion-dollar industry, drawing sponsorships from companies like Procter and… Read More

The post The Newest Athletes: eSports Gamers and Video Game Streamers appeared first on Anders CPAs.

In this GDC 2020 virtual talk NetEase's Renjie Li discusses the application of reinforcement learning in NetEase games, including problems encountered and how the solutions impacted the final product. ...

Many not-for-profits organizations have been concerned about the taxability of parking and transportation benefits as a result of the Tax Cuts and Jobs Act. Fortunately, the IRS recently issued interim guidance around the treatment of these benefits incurred after December… Read More

The post How Not-for-Profits Can Take Advantage of New Guidance on Taxable Parking Benefits by March 31, 2019 appeared first on Anders CPAs.

As we continue to navigate unchartered waters, we know the impact this pandemic is having on the not-for-profit community. All of us in public accounting are passionate advocates for our clients. We genuinely want to help you create successful, thriving… Read More

The post A Message To Our Valued Not-for-Profit Friends in Response to the COVID-19 Crisis appeared first on Anders CPAs.

In this GDC 2020 virtual talk Supercell's Eino Joas discusses the two-year process that led to the development of a Battle Pass for Clash of Clans. ...

Before we turned our phones to silent or vibrate, there was a time when everyone had ringtones -- when the song your phone played really said something about you. These simple, 15 second melodies were disposable, yet highly personal trinkets. They started with monophonic bleeps and bloops and eventually became actual clips of real songs. And it was all thanks to a man named Vesku-Matti Paananen.

All Rings Considered

Today, there are more than a hundred abandoned asylums in the United States that, to many people, probably seem scary and imposing, but not so long ago they weren't seen as scary at all. Many of them were built part of a treatment regimen developed by a singular Philadelphia doctor named Thomas Story Kirkbride. Kirkbride was obsessed with architecture and how it could be harnessed therapeutically to cure people suffering from mental illness.

The Kirkbride Plan

To help celebrate its 60th anniversary, the Guggenheim Museum teamed up with 99% Invisible to offer visitors a guided audio experience of the museum. Even if you've never been to the Guggenheim Museum, you probably recognize it. From the outside, the building is a light gray spiral, and from the inside, the art is displayed on one long ramp that curves up towards a glass skylight in the ceiling. We’re going to take the greatness of this building as a given. What we’re going to focus on are the oddities, the accretions, the interventions that reveal a different kind of genius. Not just the genius of Frank Lloyd Wright, and his bold, original vision, but the genius of all the people that made this building function, adapt, and grow over the decades.

Audio Guide to the Imperfections of a Perfect Masterpiece

Deep within the National Museum of American History’s vaults is a battered Atari case containing what’s known as “the worst video game of all time.” The game is E.T. the Extra-Terrestrial, and it was so bad that not even the might of Steven Spielberg could save it. It was so loathsome that all remaining copies were buried deep in the desert. And it was so horrible that it’s blamed for the collapse of the American home video game industry in the early 1980s.

Subscribe to Sidedoor on Apple Podcasts or RadioPublic

The Worst Video Game Ever

On April 30, 2020, the IRS issued guidance to change one of the key benefits related to the tax treatment of the Paycheck Protection Program (PPP) loan program. This benefit is that loan proceeds which are forgiven under the program are nontaxable income to the business. With other types of loans, loan forgiveness results in taxable...

The post IRS Provides Guidance on Expenses Funded by PPP Loan Proceeds appeared first on Anders CPA.

NECA’s government affairs team wishes you a very happy holiday season and we hope you are enjoying time with your family and friends.

1. Hearing on Expanding the Family and Medical Leave Act

On Tuesday, February 11, 2020, the Workforce Protections Subcommittee held a hearing to discuss the issue of paid family leave. This hearing examined the different ways that the Family and Medical Leave Act (FMLA) could be updated to best benefit employees, employers, and the American economy. Among suggested updates are expanding eligibilty under the FMLA, reducing exclusions, promoting tax cuts to businesses that provide paid leave, and increasing employee access to additional paid leave options.

NECA’s Look Ahead: NECA will continue to monitor this issue as different solutions to paid family and medical leave are presented, working with legislators to reduce the impact on the electrical construction industry. 

2. President Trump Releases Budget Proposal to Congress 

On March 11, 2019, President Donald Trump released his budget proposal to Congress, “A Budget for America’s Future”. The budget and detailed summaries are found here. 

NECA’s Look Ahead: The President’s budget in its current form will not be passed by Congress to become law. The budget is largely seen as a political document. Regarding government funding, the House is expected to introduce the twelve appropriations bills in Subcommittee by the end of April, with the full committee hearings expected in May. The goal is to pass the twelve bills through the House by July. The Senate is expected to pass their version in June.

3. Your Vote Counts!

The 2020 state primary elections are coming up, so be sure to make your vote count! NECA contractors are uniquely positioned to play an important part in our nation's electoral process. NECA is a diverse organization comprised of many voices and election day is your opportunity to make your voice heard.  

NECA’s Look Ahead: Be sure you are registered to vote in your state before election day and research the candidates on your ballot to see where they stand on issues important to you.

1. Congress Passes Families First Coronavirus Response Act 

On March 18, 2020, the President signed into law the Families First Coronavirus Response Act (H.R.6201). NECA was able to work with Members of Congress to address many of the concerns related to paid sick leave and paid family leave. H.R. 6201 states that the paid sick and family leave mandate is optional for businesses with less than 50 employees and makes no mandate or credit for businesses with more than 500 employees. The new provision ensures that no business will be saddled with a financial liability larger than the payroll tax credit it receives. More information is available in NECA’s full summary.

NECA’s Look Ahead: The legislative process remains fluid and this bill is the second in a series of at least three bills designed to address this crisis. NECA continues to work with Members of Congress to ensure economic relief for our contractors in the Phase III stimulus package. 

2. The U.S. Department of the Treasury and IRS to Provide Relief from Tax Payments

On March 18, 2020, the U.S. Department of the Treasury released a statement on what was being done to minimize the impact COVID-19 has on families and small businesses. This guidance allows tax payments to be deferred until July 15, 2020, with no penalties or interest. Those individuals that owe less than $1 million and corporations that owe less than $10 million qualify for this relief. The IRS resource page on Coronavirus Tax Relief can be found here.

NECA’s Look Ahead: NECA supports the actions being taken by the U.S. Treasury Department and IRS. We will continue to monitor the impacts of COVID-19 legislation on NECA contractors as well as any changes the Federal Government makes to provide relief. 

3. Register Today for the Government Affairs Webinar

On March 26, 2020 at 2:00 PM EST, NECA’s Government Affairs team will be hosting our quarterly Political Leadership Council (PLC) town hall webinar, but for one time only, we are allowing all NECA members to register for this webinar. NECA is devoted to keeping all our contractors up to date on the latest in Washington concerning the coronavirus.

NECA’s Look Ahead: The webinar content will focus on the legislation included in the coronavirus response package. The team will give an overview of Phases I and II, that have already passed Congress, as well as the status of Phase III.

Register Today

1. PPP Safe Harbor Deadline Extended

On May 5, 2020, the U.S. Treasury Department extended the safe harbor date for those that applied for a PPP loan prior to April 24, 2020. The original date, May 7, 2020, has been pushed back to May 14, 2020. Borrowers will not need to apply for the extension and additional guidance on how the SBA will review the certification will be provided shortly. NECA released the following alert pertaining to the extension and forthcoming guidance.

NECA’s Look Ahead: NECA is pleased by this extension after sending a letter to the Treasury department last week. We continue to advocate for NECA contractors as we move forward during this time.

2. Bill Introduced to Make 501(c)(6) organizations Eligible for PPP Loans

On May 5, 2020, Representatives Chris Papas (D-NH), Brian Fitzpatrick (R-PA), and Greg Steube (R-FL) introduced H.R.6697 – “Local Chamber, Tourism, and 501(c)(6) Protection Act of 2020”. This NECA supported legislation would expand the Paycheck Protection Program by allowing 501(c)(6) organizations, such as NECA Chapters, to access the Paycheck Protection Program to meet payroll and other necessary expenses during this crisis. 

NECA’s Look Ahead: NECA will encourage the inclusion of this bill in any future COVID-19 relief package along with additional PPP reforms such as:

• Extending the PPP to more than eight weeks or allow companies to apply again after the first eight-week period ends.

• Increasing the qualified expenses covered under the Paycheck Protection Program to include nonpayroll expenses.

3. NECA Requests Infrastructure Support in Next COVID-19 Bill

NECA joined 71 trade associations and labor unions in a coalition letter to President Trump to encourage continued support for infrastructure in the next Phase of COVID-19 legislation.

NECA’s Look Ahead: NECA continues to advocate before the Administration and Congressional leaders for the inclusions of major infrastructure investment as a corner stone for the next phase of COVID-19 legislation, often referred to as Phase IV.

Yahoo has announced the launch of Yahoo Livetext, a video texting app with no audio.

Read more on howtoweb.com

Hooda Math is a provider of free educational math games.The games include Day Trader, Transformation Golf 2 and many more. It is free with ads or you can purchase a membership.

Read more on howtoweb.com

Eidos Montreal's Mary DeMarle chats about art and business of writing Deus Ex: Mankind Divided, a game about conspiracy theories, terrorism, and fear released into a world awash in the same. ...

In order to prevent the spread of COVID-19, September's Tokyo Game Show 2020 has been cancelled, organizers announced Thursday. ...

In this 2020 GDC Virtual Talk, Pixel Reef's Clement Duquesne shares how they crafted the detailed systems that breathe aural life into Paper Beast's animated creatures and dynamic landscapes. ...

There’s no doubt that businesses have been thrown into a “new normal”. For the past few weeks, business owners have worked to understand the aspects of the CARES Act, and the FFCRA, while trying to rework budgets, cash flow projections,… Read More

The post GAAP Financial Reporting Considerations Related to the COVID-19 Crisis appeared first on Anders CPAs.

As a source of information and guidance for businesses and individuals since 1965, Anders is here for you during this time of uncertainty. We’re researching and dissecting the latest legislation, local news and relevant updates around COVID-19 and sharing them… Read More

The post COVID-19 Resource Center Offers Insights and Guidance for Individuals and Businesses appeared first on Anders CPAs.

With the COVID-19 pandemic impacting businesses across industries, this is an ideal time to look for other ways to find funds to be able to recover quickly and get business back to normal. One way to do that is through… Read More

The post Sales and Use Tax Reviews Provide Opportunity for Businesses to Recover Overpaid Taxes appeared first on Anders CPAs.

We're currently working on an unannounced PC/console title (with an exciting pedigree), and need help bringing the game world to life. If you love building levels and bringing worlds to life for players, read on!Responsibilities Creating interesting, lived-in worlds with clever world building in Unreal Engine. Placing environment assets, VFX, lighting, and so on Establishing and maintaining technical requirements for environment assets and levels Working closely with designers to iterate on and finalize level layouts Utilization of 3DS Max or Maya, Photoshop, and other related tools to author environment assets Working with art leadership to review, critique and iterate on work Required Familiarity with the usual tools of the trade: modeling tools, game engines, source control, and so on. A keen willingness to adapt work as design iterates or evolves A do-whatever-it-takes mindset: flexibility to learn and grow to fill the needs of a small team Good understanding of how to create believable and visually memorable levels Good understanding optimization needs and other technical requirements regarding performance 5+ years of experience, demonstrating the above responsibilities in action Must be immediately eligible to work in the United States Pluses Titles shipped using Unreal Titles shipped across major platforms Affinity to learning new tools and techs Proficiency creating hand-painted textures Please note, due to a high volume of applicants we cannot reply to each individually. Only those in consideration for a position will receive a reply. Thank you!