According to a recent U.S. Travel Association forecast, only about one-third of companies are requiring their employees to travel. With business travel still at a low, how can companies develop a travel policy that reduces the risk of COVID-19? Occupational Safety and Health Administration When it comes to business travelers, whether employees are traveling domestically …
In May 2021, the U.S. Department of the Treasury announced the launch of the Coronavirus State and Local Recovery Funds, established by the American Rescue Plan Act of 2021. This Act established the Coronavirus State and Local Fiscal Recovery Funds (“Recovery Funds”) and plans to deliver $350 billion to states, local, territorial, and Tribal governments. …
This article was written by Jennifer French, Principal at Strothman+Co. Jennifer has over 20 years of experience working in both public and private accounting. Her public accounting experience includes areas of audit, review, compilation, and agreed-upon procedure engagements. In her first eight years in public accounting, she worked with both tax and audit engagements. For the last four years, Jennifer has worked exclusively on audit engagements. Jennifer serves a variety of industries but specializes in serving governmental entities, employee benefit plans, manufacturing companies, school districts, nonprofits and various for-profit entities.
According to a Prudential survey, 87 percent of respondents said they would prefer to work remotely at least one day per week. This is compared to 13 percent of respondents preferring to work at the office all the time. The same survey found that one-third of respondents wouldn’t want to work for a business that …
Slowly, our world is changing. A percentage of the population has been vaccinated and many employees are headed back to the office. However, this may cause a bit of anxiety – and understandably so. Here are few ways to help take the edge off of returning to the workplace. For some of you, working from …
This article was written by Ray Strothman, Chairman at Strothman+Co. Ray founded the firm in February 1983 and, as Chairman, plays an integral part in the firm’s management. Ray’s passion is to be a trusted advisor for the clients of the firm. He has experience in all areas of public accounting, providing financial statement preparation, and tax and management advisory services, for business owners, business investors and nonprofit organizations.
According to a Tufts University survey, six in ten of those surveyed are now vaccinated against COVID-19. However, almost 40 percent of the unvaccinated respondents said they won’t get the vaccine. Only 28.5 percent of the remaining unvaccinated respondents said they will get vaccinated against COVID-19 in the future, with the remaining unvaccinated respondents unable …
The IRS announced late yesterday that the tax filing due date for the individual Form 1040 is extended to May 17th. This automatic extension also applies to any balance due with the 2020 Form 1040, regardless of the amount owed. It does not, however, apply to the first quarter estimated tax payment for 2021 due …
This article was written by Ray Strothman, Chairman at Strothman+Co. Ray founded the firm in February 1983 and, as Chairman, plays an integral part in the firm’s management. Ray’s passion is to be a trusted advisor for the clients of the firm. He has experience in all areas of public accounting, providing financial statement preparation, and tax and management advisory services, for business owners, business investors and nonprofit organizations.
If someone you know died from COVID-19 and had an existing life insurance policy, there should be no problem receiving the death benefit. The terms of a life insurance contract cannot be changed after purchase, so anyone with a policy before the pandemic will continue to be covered as long as premiums are paid. However, …
The Federal Reserve recently reported that the 50 richest people in the United States increased their net worth by $339 billion during the first half of 2020. There are two primary contributors to this near-unprecedented level of growth. The first is that many either owned or were heavily invested in tech companies that thrived during …