X
X

Find Your Specialist

X

Contact Us

COVID-19

SBA Announces PPP Loan Forgiveness Application

May 19, 2020

On May 15, 2020, the Small Business Administration (SBA) announced the Paycheck Protection Program (PPP) loan forgiveness application. The application helps clarify some aspects of loan forgiveness that have been generating questions and concerns from loan recipients. Borrowers will be... Read More

Paycheck Protection Program: Frequently Asked Questions

May 18, 2020

Updated May 18, 2020 When is the 8-week measurement period for PPP expenditures? What We Know For non-payroll costs, the 8-week period starts the day you first receive loan proceeds. HOWEVER, for payroll costs, you have the election of choosing either,... Read More

Monetizing Previously Restricted Losses Under the CARES Act

May 15, 2020

The CARES Act and Net Operating Losses Section 2303 of the CARES Act modifies the net operating loss (NOL) rules for both corporate and non-corporate taxpayers to permit the carryback of net operating losses generated in years beginning after December... Read More

Qualified Improvement Property (QIP) Deduction is Corrected Through CARES Act

May 14, 2020

As part of the CARES Act, Congress fixed a provision in the 2017 tax law in a move that has been long awaited by tax practitioners. As part of the Tax Cuts and Jobs Act Congress intended to provide a... Read More

Summary of CARES Act Programs

May 8, 2020

On March 27th, the CARES Act was signed into law, offering a variety of programs to help both individuals and businesses impacted by the COVID-19 virus. Among the many programs in the Act are new and updated loans from the... Read More

PPP Loans: IRS Receives Pushback on Decision to Limit Deductions

May 7, 2020

In a move that quickly encountered criticism, the IRS on April 30th issued Notice 2020-32, stating that no deduction will be allowed for expenses paid using Paycheck Protection Program (PPP) funds to the extent loan amounts are forgiven. Normally, the... Read More

QBI deduction

Paycheck Protection Program: Pursuing Loan Forgiveness

April 27, 2020

As the Paycheck Protection Program (PPP) enters the second round of funding, loan recipients should be considering a thoughtful approach to pursuing loan forgiveness. Understanding the scope of the forgiveness and monitoring emerging guidelines will be critical for maximizing forgiveness... Read More

Adapting HITRUST® CSF Assessments in the Era of COVID-19

April 24, 2020

As the impact of COVID-19 continues to be felt by businesses of all sizes and industries, figuring out how to adapt to continue operations, while keeping employees safe and healthy, is the top priority for business leaders right now. Fortunately,... Read More

Tax Credits, Deferrals or PPP Loans: Which Is Best for My Business?

April 21, 2020

The programs to help businesses survive the COVID-19 pandemic – two tax credits, deferral of employment tax and two SBA loan programs – have left businesses scrambling to decide which one to take. The qualifications for each program are complicated,... Read More

No Delay for July 31 Benefit Plan Form 5500 Filings

April 20, 2020

The COVID-19 pandemic has caused enormous business disruption, leading to the announcement in March that Federal tax deadlines in April were delayed by 90 days. Many state and local tax jurisdictions followed suit, delaying their deadlines. IRS Notice 2020-17 clarified... Read More

Privacy Overview

When you use or access the Site, we use cookies, device identifiers, and similar technologies such as pixels, web beacons, and local storage to collect information about how you use the Site. We process the information collected through such technologies, which may include Personal Information, to help operate certain features of the Site (e.g., to prevent online poll participants from voting more than once), to enhance your experience through personalization, and to help us better understand the features of the Site that you and other users are most interested in.

You can enable or disable our use of cookies per category.

When you use or access the Site, we use cookies, device identifiers, and similar technologies such as pixels, web beacons, and local storage to collect information about how you use the Site. We process the information collected through such technologies, which may include Personal Information, to help operate certain features of the Site (e.g., to prevent online poll participants from voting more than once), to enhance your experience through personalization, and to help us better understand the features of the Site that you and other users are most interested in.

You can enable or disable our use of cookies per category.

Necessary Always Enabled

Essential cookies enable you to navigate our Site and use certain features, such as accessing secure areas of our Site and using other features of our service that require us to keep track of certain information as you navigate from page to page. Although some of these cookies are “required” to enable certain functionality, you can disable them in the browser, but doing so will limit your ability to use the features supported by such cookies.

Functionality cookies are cookies that support features of the Site, such as remembering your preferences.

These cookies collect information about how you use our Site, including which pages you go to most often and if they receive error messages from certain pages. These cookies are only used to improve how our Site functions and performs.

From time-to-time, we may engage third parties that track individuals who visit our Site. These third parties may track your use of the Site for purposes of providing us with certain marketing automation features (to help us improve our outreach to current and prospective clients) and providing you with targeted advertisements.