Tax Insights
- January 11, 2021
- Accounting | COVID-19 | Tax
A key incentive for employers in the CARES Act was the Employee Retention Credit (ERC), which was then further enhanced by the recent Consolidated…
- January 11, 2021
- Accounting | Audit and Tax | COVID-19 | Tax
The recently enacted “Consolidated Appropriations Act, 2021” (“CAA”) [1] was the latest effort by Congress to provide stimulus and relief to individuals, businesses, health…
- December 22, 2020
- Accounting | COVID-19 | Tax
Watch the webinar After months of haggling, Congress finally moved forward with its latest COVID-19 relief and stimulus package. Congress passed the ‘‘Consolidated Appropriations…
- December 11, 2020
- Accounting | Audit and Tax | COVID-19 | Tax
The Small Business Administration (SBA) released on December 9, 2020 its latest FAQ on the Paycheck Protection Program (“PPP”) loan. Background The PPP loan…
- December 8, 2020
- Audit and Tax | Not-for-Profit | Tax
Back in May, the IRS released Proposed Regulations under Section 512(a)(6), related to the separate reporting for each unrelated trade or business of tax-exempt…
- December 4, 2020
- Audit and Tax | Tax
It’s been over two years since the U.S. Supreme Court shook up the state tax world with the Wayfair case. Since that time, all but…
- November 30, 2020
- Accounting | Audit and Tax | Tax
It’s been over two years since the U.S. Supreme Court shook up the state tax world in South Dakota v. Wayfair (Dkt 17-494, 6/21/2018)…
- November 23, 2020
- Accounting | COVID-19 | Tax
Two developments related to the Paycheck Protection Program (PPP) loan from the CARES Act have just been unveiled. One significant development from the IRS…
- November 20, 2020
- Accounting | Tax
A Monetized Installment Sale can provide up to 93.55% of the selling price in cash at closing while deferring the taxes for 30 years…
https://youtu.be/c8ePIrbT2Hg Read our article, 2020 Elections – Outcomes and Outlook on Taxes, for more information. …
- November 9, 2020
- Tax
One of the most contested elections in years was completed last week. While several races are still undecided and the results in multiple states…
- November 5, 2020
- Distribution | Manufacturing | Tax
On July 28, 2020, the IRS issued final regulations for the interest expense deduction. These comprehensive regulations run over 600 pages, covering changes introduced…
- October 29, 2020
- Accounting | Audit and Tax | COVID-19 | Manufacturing | Tax
Many borrowers of the Paycheck Protection Program (PPP) loan are now in the process of submitting loan forgiveness applications, with the expectation that their…
- October 28, 2020
- Accounting | COVID-19 | Tax | Transaction Advisory Services
Part Three: Reducing Your Risks And now, an important update from the world of M&A transactions: Buyers are still buying and sellers are ……
- September 28, 2020
- Investment Banking | Tax
Selling a company is a complex and time consuming process. Therefore, it is important to assemble the right team of advisors to manage the…
- September 25, 2020
- Accounting | COVID-19 | Tax
The Department of Education’s Updates to the Higher Education Emergency Relief Fund (HEERF) Programs for Institutions of Higher Education In September 2020, the Department…
- September 23, 2020
- Accounting | COVID-19 | Tax
Information Summarized from the Press Release by the U.S. Department of Agriculture According to the U.S. Department of Agriculture (USDA), farmers can go to…
- September 14, 2020
- Accounting | COVID-19 | Tax
On Monday, August 31, 2020, we provided an overview of the guidance issued by the IRS in Notice 2020-65. This notice addressed the payroll…
- September 11, 2020
- COVID-19 | Manufacturing | Tax
Earlier this year, Congress passed the CARES Act to provide an economic stimulus to assist businesses, individuals, and health care providers impacted by the…
This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice.
