Aug 4 2022

CHIPS Act Poised to Boost U.S. Businesses

The Creating Helpful Incentives to Produce Semiconductors for America Act (CHIPS Act) was recently passed by Congress as part of the CHIPS and Science Act of 2022.

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Aug 4 2022

Businesses: Act Now To Make the Most Out of Bonus Depreciation

The Tax Cuts and Jobs Act (TCJA) significantly boosted the potential value of bonus depreciation for taxpayers — but only for a limited duration.

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Aug 3 2022

Exploring Strategic Opportunities: Why Credit Unions Acquire Community Banks

Exploring ways to expand geographical presence, enhance product and service offerings, and provide more competitive rates have caused many credit unions to turn to bank acquisitions as a source of growth.

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Aug 1 2022

The 100% Business Meal Deduction Is Still Available, But Not for Long

The Taxpayer Certainty and Disaster Tax Relief Act of 2020 temporarily increased the tax deduction from 50% to 100% for a business’s restaurant food and beverage expenses for 2021 and 2022. Learn more from Doeren Mayhew's tax advisors.

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Jul 29 2022

$22 Million Penalty for Redlining

The Consumer Financial Protection Bureau (CFPB) and the Department of Justice (DOJ) ordered Trident Mortgage Company to pay over $22 million for violating the Equal Credit Opportunity Act (Regulation B).

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Jul 28 2022

IRS Extends Relief for Physical Presence Signature Requirement

Under IRS regulations regarding electronic consents and elections, if a signature must be witnessed by a retirement plan representative or notary public, it must be witnessed “in the physical presence” of the representative or notary.

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