Congratulations to our managing partner, Doug Waite, on his recent recognition in the Los Angeles Business Journal’s LA500.
Miller Kaplan, a top-100 certified public accounting firm, is pleased to announce a new strategic advisor, Mark Flanagan, CPA, CFP®, has joined the partnership. Flanagan, a seasoned accounting professional with 30 years of experience, will bring a depth of expertise to the San Francisco practice, and the firm as a whole. “We are thrilled to […]
The U.S. Department of Labor’s (DOL’s) Wage and Hour Division recently posted additional guidance regarding paid sick and emergency childcare leave under the Families First Coronavirus Response Act (FFCRA). Much of the guidance offers details and clarifications on the calculation of paid leave, including: How to calculate an employee’s regular rate of compensation, Whether the […]
The U.S. Department of Labor issued temporary regulations implementing the emergency paid sick and family leave provided under the Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Here are some highlights of the impact those regulations may have on group health plans. Maintenance of coverage Employers must […]
The Los Angeles Business Journal recognized Kami Cohen among the 2020 Top Minority CPAs.
Like the coronavirus (COVID-19) pathogen itself, incidents of COVID-19 fraud are surging and financial losses are piling up. The Federal Trade Commission (FTC) reports that the number of 2020 COVID-19-related complaints doubled in just one recent week. As of March 31, losses attributed to the outbreak stood at $5.9 million. Here are some of the […]
By now, most employers have presumably read up on the basic tax relief and financial assistance aspects of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. What you may not have heard much about is how the law affects employer-sponsored benefit plans. Here are some highlights of its impact: Coverage mandates. Under the Families First […]
Two recent pieces of legislation aim to address the economic hardship that employers may be facing due to COVID-19. The Families First Coronavirus Relief Act (FFCRA), enacted on March 18, 2020, requires certain employers to pay sick or family leave wages to employees who are unable to work or telework due to certain circumstances related […]
4/28/2020 Update: A new $484 billion relief package, COVID 3.5, includes an additional $75 billion for hospitals, $25 billion to support testing efforts, $60 billion for emergency disaster loans and grants, and $320 billion in funding for the Paycheck Protection Program (which was established in the CARES Act) – $60 billion of which is reserved […]
Congress passed and the president signed into law the Families First Coronavirus Response Act on March 18. The law allows employees time to care for themselves or loved ones and includes provisions for new tax credits to offset employers’ costs. But the immediate need to pay employees on leave may still be difficult for organizations struggling […]
As governments around the globe mobilize to defend their populations from the novel coronavirus (COVID-19), criminals are also mobilizing — to defraud people. These opportunists have already found ways to use the fear and chaos associated with the pandemic to enrich themselves. But you can protect yourself and your business. Ripe opportunity Phishing emails that […]
Late yesterday, the IRS issued a new Notice that changes the previous payment relief and provides new filing relief for taxpayers. Now: For any person (defined as an individual, trust, estate, partnership, association, company or corporation) with a Federal income tax payment or a Federal income tax return due April 15, 2020, the due date […]