Tax

New rules will soon require employers to annually disclose retirement income to employees

As you’ve probably heard, a new law was recently passed with a wide range of retirement plan changes for employers and individuals. One of the provisions of the SECURE Act involves a new requirement for employers that sponsor tax-favored defined contribution retirement plans that are subject to ERISA. Specifically, the law will require that the […]

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The Disaster Act Repeals “parking tax” for Tax Exempt Organizations

Senate passed the Taxpayer Certainty and Disaster Tax Relief Act of 2019 (commonly referred to as the Disaster Act,) on Thursday, December 19th. The Disaster Act: Repeals the requirement of “unrelated business taxation income (UBTI) of tax exempt organizations to be increased by expenses related to qualified transportation fringe benefits,” commonly known as the “parking […]

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