covid 19

Tax-Related Items from the Recent COVID-19 Stimulus Bill

Reading Time: 4 minute   Here is what you should know about the nre covid-19 stimulus package Late in the day on Monday, December 21, Congress passed a comprehensive stimulus package. There are several key tax-related...
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IRS Formally Clarifies PPP Expense Position

Reading Time: 1 minute The IRS issued Revenue Ruling 2020-27 on November 18th, formally denying the ability to deduct expenses related to PPP forgiveness. In the ruling, the IRS clarified the deduction for PPP expenditures...
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Paycheck Protection Program & Year-End Tax Planning

Reading Time: 1 minute In March of this year, Congress passed the CARES Act and provided funding for Paycheck Protection Program (PPP) Loans. Many of you took advantage of the provisions afforded you related to PPP and the...
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LIVE WEBINAR RECORDING: COVID-19 Accounting Changes

Reading Time: minute On October 6, 2020 we held a free webinar discussing how COVID-19 has changed business standards such as revenue recognition, leases, and accounting for PPP loans. You can click the video below to...
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4 Recent Accounting Changes

Reading Time: 2 minute Whether it is working from home, virtual school, or curbside pickup at your favorite restaurant, 2020 had no shortages of changes and required adaptations. Accounting in 2020 was not exempt from...
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IRS Publishes Release Regarding Business Interest Expense Limitations

Reading Time: 1 minute The Internal Revenue Service (IRS) finalized guidance regarding business interest expense limitations. Here is an overview of the rules.
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Payroll Tax Deferral Guidance

Reading Time: 2 minute On August 8, 2020, President Trump issued an executive order and three memoranda providing or extending COVID-19 relief to individuals and organizations. On August 28, 2020, the Department of...
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Payroll Tax Deferral Memorandum - What Do We Do Now?

Reading Time: 2 minute On August 8, 2020, President Trump issued an executive order and three memoranda providing or extending COVID-19 relief to individuals and organizations.
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