E-Filing Requirement for Not-for-Profit Form 990-EZ Filers
The Taxpayer First Act, enacted July 1, 2019 requires tax-exempt organizations to electronically file information returns and related forms – but the legislation offers a reprieve for small exempt organizations. The reprieve allows a postponement of the electronic filing requirement, with the IRS accepting either paper or electronic filing of
Second Quarter Industrial Distribution Outlook Shows Confidence Across Industries
Modern Distribution Management, in conjunction with Robert W. Baird & Co., recently released the results of their survey of industrial distributor for the second quarter of 2021. The overarching theme of the survey points towards a positive outlook for the rest of the year. Additionally, the majority, if not all
How Biden’s Infrastructure Plan Could Impact the Construction Industry for Years to Come
Many economists and industry leaders believe that even a moderate infrastructure investment would significantly help the construction industry in the wake of the COVID-19 pandemic. While some sectors of the industry will likely see more growth than others, the American Jobs Plan proposed by President Biden would spend $1.2 trillion
The Real Deal for Real Estate – an Update on the 30-Year Switch
In February, we wrote about COVID-19 relief bills and their impact on the real estate industry – and now there’s an update on the 30-year switch, as well as insights on how recently introduced legislation would impact the interest expense limitations. New IRS Guidance Offers Options One of the outstanding
Unpacking the HBI Tax Credit and What It Means for Indiana Businesses
Indiana businesses can benefit substantially from investment and job creation through the many tax credits and incentives the State of Indiana offers. One of the more significant ones is the Hoosier Business Investment (HBI) Tax Credit – a non-refundable corporate income tax credit calculated as a percentage of the qualified
Prepping for Your First Employee Benefit Plan Audit
As organizations grow, requirements change rapidly – and one of the biggest challenges for many growing companies and not-for-profits is the need for an employee benefit plan (EBP) audit. In this Q&A, we’ll unpack key requirements, how to prepare for your first EBP audit, what documents you’ll need to