Articles
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.
IRS Updates Guidance on Tax Deductibility of PPP Expenses
The IRS issued new rulings on November 18, 2020 in the form of Revenue Ruling 2020-27 and Revenue Procedure 2020-51, announcing guidance on the tax deductibility of expenses related to Paycheck Protection Program (PPP) loans that have not yet been forgiven.
The PPP Business Activity Safe Harbor – Proceed with Caution
In our conversations with PPP borrowers, we discover that many are planning to rely on the business activity safe harbor provision when applying for loan forgiveness.
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.
Reassessing Risk While Operating Any Organization During a Pandemic
While organizations continue to adapt their operating practices during the ongoing pandemic and associated recession, it is clear that some of the challenges executives and Boards face are, in fact, significant risks that could result in reputational damage, regulatory compliance failures, fraud as well as financial loss.
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.