Update: NYC’s Paid Safe and Sick Leave Law
The New York City Office of Labor Policy and Standards recently issued amendments to NYC’s Paid Safe and Sick Leave Law.
New IRS Forms: 1099-NEC and 1099-MISC
The IRS has released a new form for 2020 ‒ Form 1099-NEC to be used to report payments for nonemployee compensation which were previously reported using Form 1099-MISC, Box 7, Nonemployee Compensation (NEC).
IRS Marijuana Industry Webpage – A Summary of the Tax Rules
When the first medical cannabis dispensaries began to proliferate in California in the mid-1990s, legalization proponents were excited by the prospect for further developments in this young promising industry.
Strategic Growth Amid Increasing Complexity – The New CFO Playbook
The role of the Chief Financial Officer (CFO) is changing. CFOs face a new mandate to drive strategic growth across increasingly complex organizations.
Data in Hospitality: Are You Keeping Up?
In today’s fast paced world, organizations in the hospitality industry face an ever-growing need to adapt quickly to technology.
Rhode Island is on Pause – New Grant Program to Help Sustain Businesses
By Jean Saylor, CPA, Partner last week, Governor Raimondo announced a pause for certain businesses to take effect November 30, 2020. […]
What New Jersey School Districts Need to Know About GASB 84
The implementation of Governmental Accounting Standards Board Statement 84, Fiduciary Activities (GASB 84), which requires compliance by June 30, 2021, will create challenges and significantly impact the accounting and reporting requirements of New Jersey school districts.
PKF Worldwide Tax Update – Fall 2020
The Fall edition of PKF Worldwide Tax Update is currently available to those organizations and individuals with business activity outside the United States.
Cyber Roundup – November 2020
The speed with which cybercrime continues to adapt to new technologies, preventative and resistance measures is matched by the creativity with which today’s criminals create new opportunities to wreak havoc.
IRS Issues Final Regulations on Meals and Entertainment Deduction
The IRS issued its final regulations on the deductibility of meals and entertainment expenses on September 29, 2020.
Forensic Accountants – A Resource for Finding Hidden Funds and Business Value
Conflicts between related parties ‒ whether for divorce, a business break-up, a bankruptcy or an estate challenge ‒ often revolve around finances and a lack of trust between the parties.
SBA Releases PPP Necessity Questionnaires
The U.S. Small Business Administration (SBA) announced last week that it will be issuing Loan Necessity Questionnaires to Paycheck Protection Program (PPP) Borrowers that, together with their affiliates, received PPP loans with an original principal amount of $2 million or more.