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U.S. Delays Some Duty Payments For Companies Experiencing Significant Financial Hardship Due To COVID-19
Article written by: Ellen Bloch, CPA Director, International Tax & Business Advisory Services Over the past few weeks, the U.S. has given mixed messages on whether or not it would […]
Guidance Issued On How To Take Retroactive 100% Bonus Depreciation On QIP
Article written by: Kaz Unalan, CPA Director, Tax & Business Advisory Services On Friday, April 17, 2020, the IRS issued Rev. Proc. 2020-25 on how to take advantage of the […]
IRS Releases Favorable Guidance To Allow Partnerships To Amend 2018 And 2019 Tax Returns For Qualified Improvement Property (QIP) Fix
Article written by: Kaz Unalan, CPA Director, Tax & Business Advisory Services Article originally published April 8, 2020 Last updated April 20, 2020 On Friday, April 17, 2020, the IRS […]
Adjusting Your Financial Statements For COVID-19 Tax Relief Measures
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, 2020, contains several tax-related provisions for businesses hit by the novel coronavirus (COVID-19) crisis. Those provisions […]
Accounting For PPP Loans And Forgiveness
Article written by: Jeff Harden, CPA Director, Assurance & Business Advisory Services As the government continues to implement and propose new measures to help companies manage the economic consequences of […]
CARES Act Payroll Tax Deferral
Article written by: Azra Nakicevic, CPA Director, Tax & Business Advisory Services The Payroll Tax Deferral (“PTD”) section of the CARES Act seems to have been at least somewhat overlooked […]