Articles
2021 Cost of Living Adjustments
Plan sponsors should review the cost of living adjustments (COLAs) to determine what, if any, changes need to be communicated to employees by means of orientation meetings and enrollment forms.
Employees vs. Independent Contractors: A Long-Standing Question of Continued Consequence
Whether an individual is properly classified as an employee or as an independent contractor has always been important, but never more critical than today.
The Double-Dipping Conundrum – Where We Stand Today
Since the Paycheck Protection Program (PPP) was first introduced, borrowers were advised that they cannot double-dip, or be reimbursed for the same expense twice.
NYC Explains Its Decoupling from Certain CARES Act Tax Provisions
Finance Memorandum 20-6 issued by the New York City Department of Finance sets forth that NYC’s Business Corporation Tax (BCT), General Corporation Tax (GCT), Unincorporated Business Tax (UBT), and Banking Corporation Tax (BTX) are decoupled from CARES Act Amendments to IRC §163(j), IRC §172 and IRC §461(l). Our prior article, here, discussed how NYS and NYC had decoupled from certain CARES Act tax provisions.
NJ’s Newly Enacted Tax Laws and Other Developments Impact Businesses and Individuals
The State of New Jersey (NJ) was active making tax changes in late September/early October. NJ’s Governor Phil Murphy signed into law a budget impacting both individuals and corporations.
It’s That Time of Year
As we enter the last quarter of the year, now is the time for private foundations to review the current year’s tax planning and year-end strategies.
The Hospitality Industry – Where Do We Go from Here?
Owners and/or operators of hotels and restaurants are facing unprecedented times.
Streamlined Application for PPP Loans of $50,000 or Less
A few days ago, the U.S. Small Business Administration (SBA) released a new Paycheck Protection Program (PPP) loan forgiveness application, Form 3508S, intended to “simplify further the forgiveness and loan review processes for PPP loans of $50,000 or less.”
PPP Loan Guidance When There’s a Change of Control
When it comes to merger and acquisition activity, 2020 may very well become the year of “two halves.” After a significant decrease in M&A activity as a result of the pandemic in the first half of the year, we’re now seeing a notable increase in deals.
Cyber Roundup – October 2020
Our readers know that every industry is impacted by cybercrime. They also know that individuals, as well, are targeted. When these attacks seriously affect the well-being of our school kids and hospital patients ‒ as you will read in this edition ‒ we are all outraged.
Cybersecurity – Where Do We Go from Here?
As we move passed the six-month mark of being immersed in the global COVID-19 pandemic, it is important to reflect and appreciate where we have been to allow us to strategize and plan for where we need to go next.
Have You Reviewed Your Foundation’s Grant Agreements in Response to ASU 2018-08?
The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2018-08 which is intended to clarify and improve the scope and accounting guidance for contributions received and made, primarily for not-for-profit organizations.