Midyear adjustments to health plans permitted due to COVID-19

Employers can now allow employees the opportunity to make midyear adjustment to their health insurance plans and flexible spending plans for the 2020 plan year, according to a notice issued by the IRS in response to the coronavirus crisis. The IRS issued its guidance on May 12, which relaxes the rules relating to election changes […]

CARES Act changes retirement plan and charitable contribution rules

As we all try to keep ourselves, our loved ones, and our communities safe from the coronavirus (COVID-19) pandemic, you may be wondering about some of the recent tax changes that were part of a tax law passed on March 27. The Coronavirus Aid, Relief, and Economic Security (CARES) Act contains a variety of relief, […]

States offer tax filing relief in wake of COVID-19 outbreak

As the impact of the coronavirus (COVID-19) continues to spread across the country, different states’ departments of revenue are offering various forms of tax relief, from extending tax filing deadlines to deferring sales tax. Legislative activity is moving quickly and changing daily. As of March 23, 2020, 39 states, along with various municipalities,  have issued […]

IRS Tax Tip: Tax credit available for parents who adopt

Taxpayers who adopted or started the adoption process during 2019 should review the rules around the adoption credit. While the amount of the credit increases for qualified taxpayers, the rules remain the same. Here are some facts to help people understand the credit and if they can claim it when filing their taxes: The maximum […]

IRS Tax Tip: 5 steps to protect against identity theft

All taxpayers should make sure they’re doing everything they can to prevent a thief from stealing their identity. Tax-related ID theft occurs when someone uses a taxpayer’s stolen personal information to file a tax return claiming a fraudulent refund. The thieves use personal information like a stolen Social Security number. The IRS and its partners […]

Numerous tax limits affecting businesses have increased for 2020

An array of tax-related limits that affect businesses are annually indexed for inflation, and many have increased for 2020. Here are some that may be important to you and your business. Social Security tax The amount of employees’ earnings that are subject to Social Security tax is capped for 2020 at $137,700 (up from $132,900 […]

‘A piece of cake:’ Sage Intacct making a difference for business

“A piece of cake.” That’s how one McDonald’s owner/operator has described using Sage Intacct for her 14-store organization in Missouri. Dawn Giarla, who, along with her husband, Chris, have been clients with Antares Group for 20 years, made the switch to Sage Intacct for their organization about six months ago. “It took a little getting […]

Lindsey Pierce named to Atlanta Ronald McDonald House Charities Board of Directors

Antares Group Partner Lindsey Pierce will join the Board of Directors for the Atlanta Ronald McDonald House Charities. Lindsey will join the board and begin her four-year term on January 1, 2020. “This is a wonderful honor to serve this organization in this way,” Lindsey said. “The Ronald McDonald House Charities is a cause that […]

You may be ABLE to save for a disabled family member with a tax-advantaged account

There’s a tax-advantaged way for people to save for the needs of family members with disabilities — without having them lose eligibility for government benefits to which they’re entitled. It can be done though an Achieving a Better Life Experience (ABLE) account, which is a tax-free account that can be used for disability-related expenses. Eligibility […]

Antares Group is ‘top partner’ with Sage Intacct and AICPA

Many accounting firms will talk about technology, but Antares Group is a proven leader with the premier cloud accounting software industry. Because of our firm’s leadership role in the industry, Frank McLaughlin, a partner with Antares Group, will speak alongside representatives from global firms, describing how Antares Group has achieved such a high level of success […]