Articles

The COVID-19 pandemic has necessitated one of the most pervasive adjustments that a business has to face: operating in a remote environment.

As you can see, cybercrimes go on ‒ pandemic or no pandemic. It’s way too early to start opining on what the historical, economic, cultural and social effects it will have on our lives.

Direct-to-consumer (DTC) brands have flourished in recent years. Many companies, including both well established and insurgent brands, are choosing to bypass intermediary channels and take their product directly to the customer.

Today, President Trump signed four executive orders aimed at extending COVID-19 relief provisions as lawmakers continue to be unable to reach an agreement.

In addition to the various federal and state loan programs that were created in response to the COVID-19 pandemic, some local jurisdictions have established their own loan and grant programs.

As part of the growing IRS compliance review campaign, there is now a direct focus on high-net-worth individuals, especially those who have formed private foundations and also those with international business activities.

In the last year, a lot of attention has been given to the amount of goodwill on cannabis companies’ balance sheets.

Are the funds from your PPP loan about to run out? Have your operations been crippled by the pandemic? Are you starting to feel pressure from your creditors? Have you thought about restructuring your existing obligations but don’t know where to begin?

Is your privately-owned construction business ready to consider or re-consider an ESOP (Employee Stock Ownership Plan) as a financial alternative to selling it?

The latest edition of the PKF International Worldwide Tax Guide for 2020/21 is now available for download. This annual publication covers 146 jurisdictions, providing an overview of taxation and business regulations on a country-by-country basis.

With the IRS moratorium on new audits set to expire on July 15, the IRS Large Business and International (LB&I) Division Commissioner, Douglas O’Donnell, announced the first significant initiative after the moratorium: examinations of several hundred high-net-worth individuals, with a focus on their ownership of partnerships, trusts and other pass-through entities, as well as their involvement with their own private foundations and international holdings.
The IRS has not identified what it considers

The last bulleted news item in this month’s Roundup speaks to a breach resulting from password mismanagement.