Tax Insights
Reading Time: 9 minutes
- March 11, 2021
- Accounting | COVID-19 | Tax
On March 10, 2021, Congress passed its latest COVID-19 relief legislation. The $1.9 trillion “American Rescue Plan Act of 2021” (H.R. 1319, or ARP)…
Reading Time: 8 minutes
- March 2, 2021
- Accounting | COVID-19 | Tax
Two months after passing its second major COVID-19 relief package of nearly $1 trillion, Congress is poised to push for another large relief package,…
Reading Time: 14 minutes
- February 26, 2021
- Accounting | COVID-19 | Infographic | Tax
Questions Remain on the Enhanced Employee Retention Credit (ERC) – We Offer Some Answers The “Consolidated Appropriations Act, 2021” (“CAA”) provides relief to individuals,…
Reading Time: 7 minutes
In part one of this series, we discussed Wayfair developments, changes at the state level and marketplace facilitator updates. As it’s been over two…
Reading Time: 3 minutes
- February 23, 2021
- Accounting | COVID-19 | Tax
On February 22, 2021, the Biden Administration announced its intentions to assist primarily small businesses through the PPP loan. This focus will take effect…
Reading Time: 6 minutes
- February 19, 2021
- Accounting | COVID-19 | Distribution | Manufacturing | Tax
If you missed the first installment of this two-part article, click here to find Part One. Throughout the pandemic, companies reacted with drastic cost-cutting…
Reading Time: 4 minutes
- February 11, 2021
- Accounting | COVID-19 | Distribution | Manufacturing | Tax
When confronted by his head scout about challenging baseball norms, Billy Beane, former Oakland A’s general manager (and featured in both book and movie),…
Reading Time: 3 minutes
We recently sent a communication regarding the current situation involving Wisconsin not allowing Paycheck Protection Program (PPP) loan expenses to be deductible, as the…
Reading Time: 9 minutes
- February 9, 2021
- Accounting | COVID-19 | Tax
Congress recently enacted the ‘‘Consolidated Appropriations Act, 2021” (CAA – H.R.133) on December 27, 2020 – nine months to the day after Congress passed…
Reading Time: 5 minutes
- February 4, 2021
- Accounting | COVID-19 | Not-for-Profit | Tax
At the onset of the COVID-19 pandemic last March, Congress enacted three pieces of legislation over a few short weeks – the largest being…
Reading Time: 2 minutes
- January 28, 2021
- Forensic & Valuation | Tax
Under the Tax Cuts and Jobs Act of 2017, the federal lifetime gift tax exclusion was increased from $5.45 million to $11.7 million for…
Reading Time: 4 minutes
- January 25, 2021
- Accounting | Not-for-Profit | Tax
On January 11, 2021, the IRS issued final regulations providing guidance on the federal excise tax on executive compensation in excess of $1,000,000 paid…
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- January 25, 2021
- Accounting | Construction | Tax
Download the PowerPoint Here…
Reading Time: 3 minutes
- January 20, 2021
- Accounting | COVID-19 | Tax
The Wisconsin Department of Revenue (WDR) released guidance on January 15, 2021 on how PPP loan expenses will be treated for Wisconsin tax purposes….
Reading Time: 11 minutes
- 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…
Reading Time: 6 minutes
- 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…
Reading Time: 7 minutes
- 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…
Reading Time: 4 minutes
- 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…
Reading Time: 2 minutes
- 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…
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.