March 31, 2020

CARES Act: What Businesses Can Do Today to Prepare for Benefits

In the midst of a global pandemic and with the passing of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), businesses are dealing with mounds of uncertainty. Business owners are asking what they can and should be doing to protect themselves and take advantage of available relief. Below we share our advice and guidance we suggest businesses consider taking during this time.

Communicate with Your Advisors

Make sure you’re in touch with your top advisors throughout this stressful time so evolving legislation can be considered, and actions can be taken as needed. Communicating with your banker, CPA, lawyer and any other trusted business advisors will be critical to making strategic moves to help your business.

Be Ready to Apply for Loan Assistance

The Small Business Administration (SBA) has not yet published guidance for businesses to apply for loans or relief within the CARES Act, but it’s important to be ready for when they open enrollment. Be in close communication with your banker, and compile documents typically needed for a loan application, such as:

  • Last three years of federal tax returns
  • Interim 2020 and full year 2019 income statement and balance sheet
  • 2019 payroll information
  • Organizational bylaws, articles and operating agreements
  • General liability insurance information
  • Current building lease and any amendments

Consider Cash Flow Adjustments

Cash flow is a concern to most businesses during this time. Here are a few considerations that could help:

  • Many banks are allowing loan payment deferrals during this time. Consider requesting loan payment deferrals from your lender on current loans if needed.
  • Now is the time to review your Line of Credit maturity date and initiate the renewal process if it’s coming soon.
  • Prioritize payments using a new mindset due to the state of the economy and the recent stimulus bill, layoffs, furloughs, and other financial impacts. 

Submit Your 2019 Tax Filings

Even though the IRS extended the federal tax filing and payment deadline and certain states are also extending, it’s important to get your documents to your accountant as soon as possible. Having your taxes filed by the original deadline will give you peace of mind and these tax filings could be required for SBA loans.

Stay Protected from Scammers

With growing financial concerns, unfortunately financial scams are also on the rise. Remember that the IRS does not call anyone. Do not fall for any scammers asking for bank information to direct deposit your economic impact payments. Learn how to protect yourself from tax-related identity theft.

Our advisors are closely following COVID-19 relief efforts and will continue to publish insights to keep you informed about potential business implications. Visit our COVID-19 Resource Center for more news, tools and insights you need to know in these uncertain times. Please keep in mind that due to the quickly-changing nature of the COVID-19 pandemic, you should always discuss changes with your Anders advisor, banker or legal counsel.

All Insights

March 31, 2020

A Message To Our Valued Not-for-Profit Friends in Response to the COVID-19 Crisis

As we continue to navigate unchartered waters, we know the impact this pandemic is having on the not-for-profit community. All of us in public accounting are passionate advocates for our clients. We genuinely want to help you create successful, thriving businesses and organizations. We celebrate achievements together, and work through setbacks together. Our relationships are personal. As a professional that works mainly in the not-for-profit industry, that is how I’ve always operated in this profession, so I’m taking this opportunity to send a message to all my not-for-profit friends. Given this, I shouldn’t be surprised that my role has abruptly shifted from “accountant/auditor” to “listener/counselor”. In two weeks, I have answered exactly one question about debits & credits, yet I’ve tried to console many clients who are facing extraordinary, gut-wrenching decisions. Fear and uncertainty are profuse right now; it’s a trying time for us all.

Earlier this week, just about the time I thought “I cannot do this, it’s too heartbreaking.” I caught a clip from the movie The Martian (spoiler alert):

“At some point, everything’s going to south on you. Everything’s going to so south and you’re going to say, ‘This is it. This is how I end.’ Now, you can either accept that, or you can get to work. That’s all it is. You just – begin. You do the math. You solve one problem. Then you solve the next one. And then the next. And if you solve enough problems you get to come home.”

Maybe we’re not stuck on another planet, but to be honest it feels just as surreal, doesn’t it?

I know I speak for all of us here at Anders when I pledge to you that – we are here for you and we will continue to be here for you! We solve business problems. And, we’ve got a big one on our hands right now. Let’s get to work.

COVID-19 Relief for Not-for-Profits

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes many provisions for not-for-profit organizations. Based on an initial analysis by the National Council of Nonprofits below are some of the most relevant updates for not-for-profits:

Paycheck Protection Program Loans (Emergency SBA 7(a) Loans)

Provides funding for special emergency loans of up to $10 million for eligible nonprofits and small businesses, permitting them to cover costs of payroll, operations, and debt service, and provides that the loans be forgiven in whole or in part under certain circumstances.

  • Not-for-Profit Eligibility: General Eligibility for entities that existed on March 1, 2020 and had paid employees. Available for charitable not-for-profits with 500 or fewer employees, full time or part time and not FTEs. The final bill does not include a provision in earlier drafts that would have disqualified nonprofits that are eligible for payments under Title XIX of the Social Security Act (Medicaid).
  • Loan Use: Loan funds could be used to make payroll and associated costs, including health insurance premiums, facilities costs, and debt service.
  • Loan Forgiveness: Employers that maintain employment between February 15 and June 30 would be eligible to have their loans forgiven, essentially turning the loan into a grant.

Economic Injury Disaster Loans (EIDL)

Eliminates creditworthiness requirements and appropriates an additional $10 billion to the EIDL program so that eligible not-for-profits and other applicants can get checks for $10,000 within three days.

Self-Funded Not-for-Profits and Unemployment

Only reimburses self-funded not-for-profits for half of the costs of benefits provided to their laid-off employees.

Charitable Giving Incentive

Includes a new above-the-line deduction (universal or non-itemizer deduction that applies to all taxpayers) for total charitable contributions of up to $300. The incentive applies to contributions made in 2020 and would be claimed on tax forms next year. The bill also lifts the existing cap on annual contributions for those who itemize, raising it from 60% of adjusted gross income to 100%. For corporations, the annual limit raises from 10% to 25%. Food donations from corporations would be available to 25%, up from the current 15%.

Employee Retention Payroll Tax Credit

Creates a refundable payroll tax credit of up to $5,000 for each employee on the payroll when certain conditions are met. The entity had to be an ongoing concern at the beginning of 2020 and had seen a decrease in revenue of at least 50% in the first quarter compared to the first quarter of 2019. The availability of the credit would continue each quarter until the organization’s revenue exceeds 80% of the same quarter in 2019. For tax-exempt organizations, the entity’s whole operations must be taken into account when determining the decline in revenues. Employers receiving emergency SBA 7(a) loans would not be eligible for these credits.

Industry Stabilization Fund

Creates a loan and loan guarantee program for industries like airlines to keep them solvent through the crisis. It sets aside $425 billion for “eligible business” which is defined as “a United States business that has not otherwise received economic relief in the form of loans or loan guarantees provided under” the legislation. It is expected, but unclear, whether charitable not-for-profits qualify under that definition for industry stabilization loans. Mid-sized businesses, including not-for-profits, that have between 500 and 10,000 employees are expressly eligible for loans under this provision. Although there is no loan forgiveness provision in this section, the mid-size business loans would be charged an interest rate of no higher than 2% and would not accrue interest or require repayments for the first six months. Not-for-profits accepting the mid-size business loans must retain at least 90% of their staff at full compensation.

Learn more about CARES Act provisions for individuals and provisions for businesses. Legislation around COVID-19 is continuously evolving at a rapid rate, and we will continue to update our COVID-19 Resource Center as legislation passes. Contact an Anders advisor to discuss how your not-for-profit could benefit from the CARES Act.

All Insights

March 30, 2020

Anders Update in Response to COVID-19

Dealing with the current COVID-19 pandemic is a fluid process. We are all receiving updates and directives from authorities multiple times per day. We thought it would be helpful to inform our clients and the broader Anders community about the steps we are currently taking.

First and foremost, we want to protect our staff, clients and the community, and we are putting measures in place to achieve that. We are open for business, but many of our people are working remotely. With clients around the U.S. and the globe, we have the technology in place to allow members of the Anders team to work efficiently and securely from their homes.

We are monitoring recommendations and taking our lead from both the CDC and our state and local health officials. To minimize health risks, we have made the following adjustments, effective Tuesday, March 17 and remaining in place until further notice:

Social Distancing

  • We encourage postponing all in-person meetings. If you have meetings set up, we can communicate via email, phone, conference calls, video conference or text.
  • If you are a business client and our auditors, technology, or other advisors are scheduled to be on-site in the coming weeks, we will contact you to determine the best course of action for our staff and yours.

IRS Filing and Payment Deadline

Safety and Containment

  • We are requesting clients send tax related information and documents electronically, if possible.
  • If you do not already have access to do so, please contact your advisor who will send a secure link to you, so you can upload your documents electronically.
  • To accommodate remote work for our administrative team, we are eliminating all hard copies leaving our office. All tax returns, workpapers, proposals, invoices etc. will be sent only in electronic form.
  • Paper copies will be provided upon request once the COVID-19 concerns have passed.

We want to assure you our technology platforms are highly secure, and these measures will allow us to continue to serve you as seamlessly as possible. If you have any questions, please reach out to your Anders contacts.

Thank you for your understanding, support and flexibility during these challenging times. We wish you and your families all the best.

Robert J. Minkler, Jr.
Managing Partner

All Insights

March 30, 2020

RECORDED WEBINAR: How the CARES Act Will Benefit Individuals, Businesses and Not-for-Profits

Download our recorded webinar to hear from Paul Rhea, Anders Director + Advisory Services; Dan Schindler, Tax Senior Manager; and Jeanne Dee, Audit Partner and leader of our Not-for-Profit Group as they share important details of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), including:

  • Small business cash flow needs, including integration of the various Small Business Administration loan programs in the CARES Act with federal and state tax deferral programs
  • Employer and employment needs, including integration with the Families First Coronavirus Response Act
  • Individual needs, including individual rebates and retirement plan relief
  • Not-for-Profit specific challenges

The recording also includes plenty of Q&A as the team answers important questions from the audience.

Complete the form below to download the webinar.

All Insights

March 30, 2020

CARES Act: Impacts and Benefits for Individuals

As part of the Federal economic response to the COVID-19 crisis, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). The CARES Act provides relief for individuals, businesses, not-for-profits, among others. Below we dive into the most important provisions for individuals and how they will benefit and impact you and your family.

Individual Recovery Rebate/Credit

Under the CARES Act, an eligible individual is allowed an income tax credit for 2020 equal to the sum of: $1,200 ($2,400 for eligible individuals filing a joint return) + $500 for each qualifying child of the taxpayer. The credit is refundable.

An “eligible individual” is any individual other than a nonresident alien or an individual for whom a dependency deduction is allowable to another taxpayer for the tax year. Estates and trusts aren’t eligible for the credit.

The amount of the credit is reduced (but not below zero) by 5% of the taxpayer’s adjusted gross income (AGI) in excess of: $150,000 for a joint return, $112,500 for a head of household, and $75,000 for all other taxpayers.

If an individual hasn’t yet filed a 2019 income tax return, IRS will determine the amount of the rebate using information from the taxpayer’s 2018 return. If no 2018 return has been filed, IRS will use information from the individual’s 2019 Form SSA-1099, Social Security Benefit Statement, or Form RRB-1099, Social Security Equivalent Benefit Statement.

IRS may make the rebate electronically to any account to which the payee authorized, on or after Jan. 1, 2018, the delivery of a refund of federal taxes or of a federal payment. No later than 15 days after distributing a rebate payment, the IRS must mail a notice to the taxpayer’s last known address indicating how the payment was made, the amount of the payment, and a phone number for reporting any failure to receive the payment to the IRS.

10% Tax Eliminated for Coronavirus-Related Retirement Plan Distributions

The CARES Act provides that the 10% additional tax does not apply to any coronavirus-related distribution, up to $100,000.

A coronavirus-related distribution is any distribution (subject to dollar limits discussed below), made on or after January 1, 2020, and before December 31, 2020, from an eligible retirement plan made to a qualified individual. A qualified individual is an individua who:

  • Is diagnosed with the virus SARS-CoV-2 or with coronavirus disease 2019 (COVID-19) by a test approved by the Centers for Disease Control and Prevention (CDC)
  • Spouse or dependent is diagnosed with such virus or disease by such a test
  • Experiences adverse financial consequences as a result of being quarantined, being furloughed or laid off or having work hours reduced due to such virus or disease, being unable to work due to lack of child care due to such virus or disease, closing or reducing hours of a business owned or operated by the individual due to such virus or disease, or other factors as determined by the Secretary of the Treasury

RMD Requirement Suspended for 2020

The CARES Act provides that the Required Minimum Distribution (RMD) requirements do not apply for calendar year 2020. This suspension includes inherited IRAs.

Above-the-Line Charitable Deduction

The CARES Act adds a deduction to the calculation of gross income, in the case of tax years beginning in 2020, for the amount (not to exceed $300) of qualified charitable contributions made by an eligible individual during the tax year. Eligible individuals are those that do not elect to itemize deductions.

Limits on Individual Cash Charitable Contributions Modified

The CARES Act provides that qualified contributions are disregarded in applying the 60% limit on cash contributions of individuals and the Code Sec. 170(d)(1) rules on carryovers of excess contributions.

Qualified contributions are allowed as a deduction only to the extent that the aggregate of those contributions does not exceed the excess of the individual’s contribution base over the amount of all other charitable contributions allowed as deductions for the contribution year.

Qualified contributions are charitable contributions if:

  1. They are paid in cash during calendar year 2020 to an eligible organization
  2. The taxpayer has elected to apply this provision with respect to the contribution

Contributions to a 509(a)(3) supporting organization or a donor advised fund are not qualified contributions.

Our advisors are closely following COVID-19 relief efforts and will continue to publish insights to keep you informed. Visit our COVID-19 Resource Center for more news, tools and insights you need to know in these uncertain times. Please keep in mind that due to the quickly-changing nature of the COVID-19 pandemic, you should always discuss changes with your Anders advisor, banker or legal counsel.

All Insights

March 30, 2020

CARES Act: Impacts and Benefits for Businesses

As part of the Federal economic response to the COVID-19 crisis, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). The CARES Act provides relief for individuals, businesses, not-for-profits, among others. Below we dive into the most important provisions for businesses and how they will benefit and impact your business.

Employee Retention Credit for Employers (Payroll Tax Credit)

This provision provides a refundable payroll tax credit for 50% of wages paid by eligible employers to certain employees during the COVID-19 crisis.

Eligible employers operating a business during 2020 must have experienced either:

  • A partial or full suspension of the operation of their trade or business during the calendar quarter due to governmental orders that limited commerce, travel, or group meetings due to COVID-19
  • A significant decline in gross receipts from 2019

A significant decline begins with the quarter in which the gross receipts for the quarter were less than 50% of those in the same quarter in the prior calendar year. The decline ends with the quarter in which gross receipts are greater than 80% of the gross receipts for the same quarter in the prior calendar year.

Qualified wages for employers with 100 or fewer employees qualify for the entire credit. For employers with more than 100 employees, the wages eligible for the credit are the wages paid to employees who aren’t providing services due to circumstances described above.

The credit is not available to employers receiving Small Business Interruption Loans under Sec. 1102 of the Act.

Loan Programs Available Through the SBA and Participating Lenders 

The CARES Act includes a Paycheck Protection Program (PPP) which authorizes up to $349 billion of federally guaranteed loans to qualifying small businesses. This new loan program is based on the architecture of the SBA’s existing 7(a) loan program and will make forgivable loans of up to $10 million available to qualifying small businesses. It’s important to note that businesses that qualify and accept the Economic Injury Disaster Loan (EIDL) through the SBA would not be able to receive the PPP loan for the same purpose. Consult with your banker to confirm there are no duplication of uses that may affect your forgiveness. 

Forgiveness for Certain SBA-guaranteed Loans

Under the CARES Act, an eligible recipient can request forgiveness of indebtedness on a covered loan in an amount equal to the sum of the following costs incurred and payments made during the covered period: (1) payroll costs; (2) any interest payments on any covered mortgage obligation; (3) any payment for any covered rent obligation; (4) covered utility payments. Recipients cannot ask for forgiveness exceeding the loan amount.

Under the CARES Act:

  • An eligible recipient is the recipient of a covered loan (borrower)
  • A covered loan is a loan guaranteed under Sec. 7(a)(36) of the Small Business Act
  • The covered period is the 8-week period beginning on the origination date of a covered loan
  • A covered rent obligation is rent paid under a lease agreement in force before Feb. 15, 2020
  • A covered mortgage obligation is any indebtedness or debt instrument incurred in the ordinary course of business that (A) is the liability of the borrower; (B) is a mortgage on real or personal property; and (C) was incurred before Feb. 15, 2020
  • Covered utility payments are payments for a service for the distribution of electricity, gas, water, transportation, telephone, or internet access for which service began before Feb. 15, 2020

Net Operating Loss Carrybacks for Losses Generated in 2018, 2019, and 2020

The Act restores the five-year net operating loss (NOL) carryback for losses arising in any taxable year beginning after 2017, but before 2021. A taxpayer may elect to forgo the carryback. Special rules are provided for taxpayers that had a transition tax obligation under Section 965 in one of the carryback years.

Since the enactment of tax reform in 2017, NOLs carried forward are limited to 80% of taxable income for the tax year. The CARES Act suspends this rule until the taxpayer’s first taxable year beginning after 2020 and clarifies that the 80% limitation applies to taxable income computed without regard to deductions for Sections 199A and 250 after taking into account pre-2018 NOL carryovers. It also makes a TCJA-technical correction that had negatively impacted fiscal taxpayers with NOLs generated in a tax year beginning in 2017 and ending in 2018.

Special rules are provided for real estate investment trusts (REITs) and life insurance companies.

Limitation on Losses for Noncorporate Taxpayers

The CARES Act temporarily modifies the loss limitation for noncorporate taxpayers so they can deduct excess business losses arising in 2018, 2019, and 2020.

Acceleration of Corporate Minimum Tax Credit (MTC)

Since the TCJA’s repeal of corporate alternative minimum tax (AMT), corporations with carryover AMT credits have been able to recover the credits over a four-year period. Under the CARES Act, a taxpayer may claim a refund for any remaining AMT credit carryover in their first tax year beginning during 2019.

An election is available to take the entire credit amount in 2018, but the taxpayer would need to apply for a tentative refund by December 31, 2020.

Deductibility of Interest Expense Increased for 2019 and 2020

The CARES Act temporarily and retroactively increases the limitation on the deductibility of interest expense from 30% to 50% for tax years beginning in 2019 and 2020. Partnerships still remain subject to the 30% limitation for tax years beginning in 2019.

Taxpayers eligible for the 50% limitation may elect to instead use the 30% limitation. All taxpayers, including partnerships, may elect to use their ATI for a tax year beginning in 2019 to compute their Section 163(j) interest deduction limitation for their tax year beginning in 2020. This election will be very beneficial for many businesses.

Partners that are allocated excess business interest expense (EBIE) for tax years beginning in 2019 are able to deduct 50% of that EBIE in tax years beginning in 2020 and the remaining 50% of the 2019 EBIE is subject to the normal Section 163(j) rules.

Technical Correction for Qualified Improvement Property (QIP)

The TCJA eliminated pre-existing definitions for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property and replaced those definitions with one category called qualified improvement property (“QI Property”). Under the TCJA, QI Property falls into the 39-year recovery period for nonresidential rental property, making the QI Property category ineligible for 100% Bonus Depreciation.

The CARES Act provides a technical correction to the TCJA, designating QIP as 15-year property and eligible for 100% Bonus Depreciation. For alternative depreciative system (ADS) purposes, QIP is recovered over 20 years.

Increased Limits on Charitable Contributions for 2020

The limit on a corporation’s deduction of charitable contributions is increased from 10% of taxable income to 25% for 2020. The excess is carried over for five years. Eligible charitable contributions must be made in cash during 2020 and must not be to a Section 509(a)(3) charitable organization or donor-advised fund. The limitation on donated food inventory during 2020 has increased from 15% of taxable income to 25%.

Excess Business Loss Rule Postponed

The Act modifies excess business loss (EBL) rules (EBLs) for noncorporate taxpayers to postpone the effective date of the provision to tax years beginning after 2020.

Taxpayers that filed 2018 tax returns reflecting a EBL would be eligible to file an amended tax return to remove any imposed EBL limitation and receive a refund.

The modifications also included several much-needed technical amendments:

  • Clarifying that any EBL is treated as a NOL for subsequent tax years, eligible for carryforward or carryback, if applicable
  • W-2 wages aren’t included in the EBL computation
  • Stating that the EBL is computed without including a NOL or a Section 199A deduction
  • Providing that capital gains are included in the computation of EBL only to the lesser of gains and losses attributable to a trade or business or net capital gain income of the taxpayer
  • Net capital losses aren’t included in the computation of EBL

Advanced Credit Refunds for Paid Sick Leave and Paid Family Leave

The CARES Act offers advanced refunding of credits for paid sick leave and paid family that were established under the Families First Coronavirus Response Act (FFRCA)

In anticipation of the credits, including the refundable portion, the credit may be advanced, according to forms and instructions provided by the IRS. The IRS will waive any penalty for any failure to make a deposit of the tax imposed if the IRS determines that the failure was due to the anticipation of the credit allowed.

Telehealth Safe Harbor for High Deductible Health Plans

Eligible individuals who have high deductible health plans can take a deduction for contributions made to health savings accounts. Under the CARES Act, for plan years beginning on or before December 31, 2021, a health plan will not fail to be treated as a high deductible health plan by reason of failing to have a deductible for telehealth and other remote care services. Visit the CMS website for more information on Telehealth services and eligibility for billing these services.

Our advisors are closely following COVID-19 relief efforts and will continue to publish insights to keep you informed about potential business implications. Visit our COVID-19 Resource Center for more news, tools and insights you need to know in these uncertain times. Please keep in mind that due to the quickly-changing nature of the COVID-19 pandemic, you should always discuss changes with your Anders advisor, banker or legal counsel.

All Insights

March 30, 2020

Gateway Resilience Fund Offers Grants for Downtown St. Louis Businesses

As a downtown St. Louis firm and an advisor and resource for individuals and businesses in our region, we want to bring awareness to valuable tools available during this challenging time.

The St. Louis Downtown Community Improvement District (CID) has contributed $100,000 to the the Gateway Resilience Fund to help downtown St. Louis businesses affected by COVID-19. The Gateway Resilience Fund makes grants to support employees, essential contractors, and owners of small businesses in the St. Louis region who are experiencing a financial burden due to a disaster or other extreme situation.

The gift from the CID allows the Fund to make $5,000 grants to affected small, locally owned businesses in its 180-block, central business district area, which is roughly north of I-64, south of Convention, west of I-55 and east of 18th Street. Small businesses in this area with at least 5 employees and 2 years in business are eligible to apply.

Learn more and apply for a grant through the Gateway Resilience Fund.

All Insights

March 25, 2020

What Recruiters Look for in a Resume

If you are just beginning your career, you may have recently had a professor or advisor help you with your resume. If you already have years of service under your belt, it has probably been a while since you edited or received feedback on your resume. In either of these situations, you may not have ever had a professional recruiter give you tips on how to maximize the impact of your resume for the firm you are applying for.

The Anders recruiting team is comprised of Jenna Morris, who focuses on university recruiting, and Trey Meier, who focuses on experienced recruiting. We asked Jenna and Trey what they look for in the resumes that come across their desks.

Resume Tips for Recent Grads

Jenna suggests these tips for recent college grads:

  • Include your college GPA. This is important to university recruiters when looking at students for internships or entry level positions.
  • Pay attention to formatting. Everything should be lined up, uniform, and consistent.
  • Include school and activity or athletic involvement and leadership roles. If you don’t have a lot of professional experience this will help show leadership, teamwork and initiative.
  • Include previous internship experience, job shadows, leadership programs and dates of experience and involvement for each.
  • It’s okay to have high school job experience, but if there is more current, relevant experience to your field/major, include that instead.
  • It’s not necessary to put the name of your high school or your high school GPA.
  • Include any awards, scholarships or accolades that help you stand out.
  • Make sure your contact email address is current. It’s okay to put your school email, but if you are getting ready to graduate or graduated recently you may want to put your personal email address in case your school email gets shut off.

Resume Tips for Experienced Candidates

Trey suggests these tips for more experienced professional hires:

  • There is no set standard for resume length but be mindful about your decision on what to add to a resume. Only include what is relevant about the role you previously held and the role you are applying for. Long resumes may get skimmed through while shorter resume highlight key areas.
  • Formatting is very important. If it isn’t well organized or is hard to read, that can be a red flag to a recruiter.
  • Start with an overview or summary. This can be just a few sentences on who and what kind of candidate you are that the rest of the resume will give further information on.
  • Include the month and year at your previous employers. For example: May 2019 – September 2019. This is especially important for project or contract work that was less than a year. Noting that a position was a short-term job and including the months worked shows that the position was not cut short for some reason.
  • Include skills that apply to the position you are applying for. Buzz words are always going to be helpful for the candidate and recruiter. If a job requires certain experience in a specific area, elaborate on any experience you have in that area. For example: if the job description includes ‘experience in scanning documents’ and you have experience with this, specifically state it in the resume “Scanned 50 employee’s personnel files into the company’s HRIS system”.
  • Include any achievements, accolades and promotions obtained at previous employers due to the work performed that is relevant to the role you are applying for.

Interested in learning about the open positions at Anders? Check out our current openings.

All Insights

March 25, 2020

State Tax Deadline Extensions for 2021

In response to the Federal Government’s deadline extensions for federal income tax filings and payments, many states are now extending deadlines for state taxes and payments. Though states are in flux right now and are extending deadlines across the country, below we list out the extensions that have come down in the last few days.

Updated 3/25/2021

State Tax Filing Deadline Extended to 5/17

The states below have extended their state tax filing, payment and interest deadlines to May 17:

  • Arkansas
  • California
  • Connecticut
  • Colorado
  • Washington D.C.
  • Delaware
  • Georgia
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Massachusetts
  • Maine
  • Maryland
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • North Dakota
  • New Jersey
  • New Mexico
  • New York
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • Tennessee
  • Utah
  • Virginia
  • Vermont
  • West Virginia
  • Wisconsin

Louisiana, Oklahoma and Texas state tax filing, payment and interest deadlines have been extended to June 15 due to winter storms, and Maryland deadlines have been pushed to July 15. Alabama and North Carolina have extended but have not deferred interest. There are some uncertainties as to estimated payments, returns covered, etc. Other states may decide to extend at a later date.

Anders State and Local Tax is here to help with any state or local tax questions. Our advisors are closely following COVID-19 relief efforts and will continue to publish insights to keep you informed. Visit our COVID-19 Resource Center for more resources. To discuss your situation or recovery options, contact an Anders advisor below.

All Insights

March 24, 2020

Recorded Webinar Series: Collaborate from Home with Microsoft Teams

As a Microsoft Gold Partner, Anders CPAs + Advisors is offering a FREE 2-part recorded webinar series to help jumpstart your company’s remote work efforts using Microsoft Teams.

Webinar 1 – Intro to Work from Home (WFH) Collaboration with Microsoft Teams

This webinar includes an introduction to essential features of Teams including the three major components for communication and collaboration:

  1. Chat – Screen sharing, chatting “face-to-face” with video chat, and quick internal communication
  2. Collaboration – Centralize work to collaborate and work together simultaneously on files across the Office 365 productivity suite
  3. Online Meetings – Host internal and external meetings with full audio and video on any device connected to the internet, including PCs, laptops, cell phones and tablets

Webinar 2 – Advanced Features of Microsoft Teams Enabling Remote Collaboration

This webinar includes a walk through of advanced features and strategies for successful use of Teams, including:

  • Customizing how you receive chat and activity notifications
  • Editing Team member permissions
  • Creating private channels
  • Creating group tags for @ mentions
  • Moving emails to Teams to keep conversations centralized

Complete the form below to download and watch either or both of our Microsoft Teams webinars, or contact an Anders advisor to discuss your situation and learn how we can help you during this time of uncertainty.

Download the recorded webinars:

All Insights

Keep up with Anders

Want to keep up with all the latest insights from Anders? Subscribe and receive the information that matters to you.

  • This field is for validation purposes and should be left unchanged.