Passive Activity Rules for Real Estate and Other Passive Activities
Real estate is top of mind when it comes to businesses that create passive income streams or losses. Ownership in...
New Law Doubles Business Meal Deductions and Makes Favorable PPP Loan Changes
The COVID-19 relief bill, signed into law on December 27, 2020, provides a further response from the federal government to...
Business Tax Provisions Included in the CAA 2021 Legislation
The Consolidated Appropriations Act of 2021 (the CAA 2021) signed into law on December 27, 2020, is a further legislative...
Individuals and the 2020 COVID Relief Bill
Here is an overview of key provisions in the COVID relief legislation (the Consolidated Appropriations Act of 2021, or “the...
2021 Q1 Tax Calendar: Key Deadlines for Businesses and Other Employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2021. Keep...
Benefits of S Corporation Basis and Distribution Elections: Getting the Most From Your Tax Planning Services
S corporations provide possible tax advantages over C corporations in the right circumstances. This can be the case if you...
2020 Charitable Giving and the CARES Act
Year-end charitable giving has the potential to be a life-saving donation to nonprofit organizations as individuals, businesses and nonprofit organizations...
On-time Financial Reporting Is Vital in Times of Crisis
Many companies are struggling as a result of shutdowns and restructurings during the COVID-19 crisis. To add insult to injury,...
How to Prompt Customer Payment – Corporate Accounting Services Tips
Collecting payment on invoices isn’t the most enjoyable part of running a business. As corporate accounting experts, however, we know...
PPP Loan Forgiveness Update – IRS Doubles Down on Unfavorable Taxpayer Treatment
Last May, we shared with you the release of IRS Notice 2020-32 which provided initial guidance that expenses paid from...
Relief for Public Companies – SEC Redefines the Accelerated Filer Classification
In March 2020, the Securities and Exchange Commission (SEC) voted to adopt amendments to the “accelerated filer” and “large accelerated...
Now Is The Time to Prepare (for Critical Audit Matters)!
The year 2020 has been anything but typical and filled with change. So smaller public companies should be ready to...
