Tax

12 Commonly Asked Questions on the Employee Retention Credit

UPDATED ON 02/26/2021 Much Interest in the Enhanced Employee Retention Credit (ERC) but Questions Remain – We Offer Some Answers The recent “Consolidated Appropriations…

Aftermath of Wayfair – State Tax Nexus Update: Part Two

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…

Administration Outlines Changes in PPP Loans – Focuses on Small Businesses

On February 22, 2021, the Biden Administration announced its intentions to assist primarily small businesses through the PPP loan. This focus will take effect…

Preparing for the Post-COVID Boom in Construction

COVID-19 did not create the economic and demographic forces that will cause unprecedented capital investment in real estate in the coming years – but…

Jim Brandenburg Featured in Financial Advisor

Jim Brandenburg was quoted in a Financial Advisor article, “Tax-Filing Relief Can Open Door For Opportunity Zone Investing.” Jim is quoted on the subject…

Adapt or Die – Budgeting and Costing in a Pandemic: Part Two

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…

CARES 2 and the Employee Retention Credit: Webinar Recording

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Adapt or Die – Budgeting and Costing in a Pandemic: Part One

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),…

Wisconsin Will Not Follow Federal Law Permitting Deduction of PPP Loan Expenses: Update

We recently sent a communication regarding the current situation involving Wisconsin not allowing Paycheck Protection Program (PPP) loan expenses to be deductible, as the…

Congress Extends and Expands PPP Loans

Congress recently enacted the ‘‘Consolidated Appropriations Act, 2021” (CAA – H.R.133) on December 27, 2020 – nine months to the day after Congress passed…

FAQs for Not-for-Profit Organizations and the COVID Relief Packages

At the onset of the COVID-19 pandemic last March, Congress enacted three pieces of legislation over a few short weeks – the largest being…

Ray Lampner on OSCPA the State of Business Podcast

Ray Lampner was featured on the Ohio Society of CPAs’ “The State of Business” podcast, discussing the latest details of the Paycheck Protection Program….

The Change in Administration Makes Estate and Gift Planning a Top Priority

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…

IRS Issues Final Regulations on Executive Compensation Tax for Exempt Organizations

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…

Tax Planning and SECURE Act Updates for the Construction Industry Webinar Recording

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Wisconsin Will Not Follow Federal Law Permitting Deduction of PPP Loan Expenses

The Wisconsin Department of Revenue (WDR) released guidance on January 15, 2021 on how PPP loan expenses will be treated for Wisconsin tax purposes….

Cheryl Aschenbrener Featured in WICPA’s On Balance Publication

Cheryl Aschenbrener’s article, “Top Trends and Topics for Manufacturers” was featured in the Wisconsin Institute of CPAs’ (WICPA) publication, On Balance. This article provides…

The Employee Retention Credit: A Deeper Dive into the “Full or Partial Suspension of Operations” Provision

A key incentive for employers in the CARES Act was the Employee Retention Credit (ERC), which was then further enhanced by the recent Consolidated…

The Employee Retention Credit Enhanced by Stimulus Legislation

The recently enacted “Consolidated Appropriations Act, 2021” (“CAA”) [1] was the latest effort by Congress to provide stimulus and relief to individuals, businesses, health…

Congress Passes Another COVID Stimulus-Relief Package with PPP Expense Deductibility

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…

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