Tax changes on tap with two infrastructure bills
Two significant infrastructure bills are making their way through Congress. Earlier this month, the Senate approved a $1.2 trillion “hard” infrastructure bill and will begin negotiations soon on a much larger $3.5 trillion “soft” infrastructure bill that serves as the outlines of the 2022 budget resolution. Both measures will undergo the political “sausage making” process […]
Employers eligible for tax credits for paid time off for Covid vaccine
Employers can now apply for tax credits for wages paid to employees who help family members who obtain a COVID-19 vaccination. Credits were made available to employers through the American Rescue Plan Act of 2021 (ARPA) for qualified wages paid to employees who took leave as a result of the coronavirus. According to updated guidance […]
IRS provides relief for certain employers claiming WOTC
Work opportunity tax credits (WOTC) is a federal income tax credit available to employers that hire certified members of certain groups specified in the Internal Revenue Code who face significant barriers to employment. On August 10, 2021, the IRS issued Notice 2021-43, which extends the 28-day deadline for employers to submit a request (Form 8850) […]
Fixed or floating rates? Maybe both
Imagine buying a newly issued bond from the U.S. Treasury (“UST”) today. If you did, you’d earn 1.27% per year for the next 10-years. Hard to imagine. After you factor in inflation, you would probably be losing money! In fact, at the beginning of this year, the rate on a 10-Year UST stood at less […]
The IRS has announced 2022 amounts for Health Savings Accounts
The IRS recently released guidance providing the 2022 inflation-adjusted amounts for Health Savings Accounts (HSAs). Fundamentals of HSAs An HSA is a trust created or organized exclusively for the purpose of paying the “qualified medical expenses” of an “account beneficiary.” An HSA can only be established for the benefit of an “eligible individual” who is […]
Plan ahead for the Net Investment Income Tax
High-income taxpayers face a 3.8% net investment income tax (NIIT) that is imposed in addition to regular income tax. Fortunately, there are some steps you may be able to take to reduce its impact. The NIIT applies to you only if modified adjusted gross income (MAGI) exceeds: $250,000 for married taxpayers filing jointly and surviving […]
Antares Group once again named a Top 300 Accounting Firm
Antares Group, Inc. is proud to announce that the firm has once again been named a Top 300 Accounting Firm for 2021 by INSIDE Public Accounting. This national ranking by the award-winning newsletter for the public accounting profession recognizes the country’s top accounting firms in terms of revenue and growth. “Earning this recognition is an […]
Trish Casdorph, CPA, and Hillary Daniel promoted to director positions
Antares Group, Inc. is pleased to announce the promotions of two of our associates. Trish Casdorph, CPA, was promoted to Co-Director of our firm’s Business & Tax Advisory Group. Trish joined Antares Group in May 2021 as Senior Tax Manager. She was named Co-Director of BTAG effective July 1, 2021. Originally from Florida, Trish graduated […]
10 things to know about the QBI deduction
Are you eligible to take the deduction for qualified business income (QBI)? Here are 10 facts about this valuable tax break, referred to as the pass-through deduction, QBI deduction or Section 199A deduction. It’s available to owners of sole proprietorships, single member limited liability companies (LLCs), partnerships and S corporations. It may also be claimed […]
Deanna Olton, CPA, named Partner with Antares Group, Inc.
Antares Group, Inc. is pleased to announce that Deanna Olton, CPA, has been promoted to Partner with the firm. Deanna has been with Antares Group, Inc., for 17 years and most recently served as Director of the Business and Tax Advisory Group. “The promotion of Deanna to partner marks an exciting milestone in her career […]