The COVID-19 pandemic has changed nearly every aspect of traditional business operations –  managing the workforce included. Prior to the pandemic, working from home was a limited perk employees relished in for many businesses. Enter 2020. The abr...

With a new administration in the Oval Office, business owners considering to sell their business in the near future should take into account the impact of President Biden’s proposed capital gains tax increases before taking any next steps. The ...

Financial statements play an important role in assessing your organization’s health. However, they aren’t necessarily the best way to communicate performance to stakeholders. Ratios, on the other hand, grab information from your financial stateme...

In the Tax Cuts and Jobs Act (TCJA), Section 1031 was amended to apply only to exchanges of real property, leaving taxpayers questioning what qualifies as “real property” under these new rules. The Internal Revenue Service (IRS) and Treasury Depa...

With the passing of the American Rescue Plan, employers are entitled to claim refundable tax credits to offset the cost of providing paid sick and family leave to their employees due to COVID-19. This includes paid time related to getting a COVID-19 ...

Doeren Mayhew’s state and local tax (SALT) advisors highlight the latest SALT news across the nation to keep your business in the know. Here are some notable recent updates in legislation: State Income Tax Deadline Extensions Several U.S. states ex...

With the rise in unemployment filings and expanded unemployment benefits introduced as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, several states across the nation are experiencing a surge in fraudulent unemployment claims...

Many Texas residents devastated by the winter storms in February 2021 may be eligible for property tax relief thanks to an exemption included in the Texas tax code. Based on the Texas property tax rules, property owners who experience significant pro...