Insights
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.
PKF O’Connor Davies Announces New Investment Banking Practice
PKF O’Connor Davies, LLP, one of the nation’s largest accounting, tax, and advisory firms, announced today the launch of a new investment banking practice area, PKF Investment Banking.
CT CARES Grant Program: A $5,000 Arrow in the Quiver of Connecticut Small Businesses
Small businesses continue to navigate through the treacherous waters of economic uncertainty brought on by the COVID-19 pandemic.
Webinar Replay: Value Series on Tax and Financial Planning – Economic, Investment and Tax Implications of the 2020 Election
The economy typically performs better in an election year but this year all bets are off. Even the pollsters are […]
Webinar Replay: Value Series on Corporate Bankruptcy and Restructuring – Is Subchapter V the Lifeline Your Business Needs?
This webinar panel explored designs to help business owners understand options that may be available to save their business when […]
No More Delays: Tax-Basis Capital Account Reporting Is Here
As the year 2020 comes to a close, partnerships should be prepared for some major adjustments regarding certain tax reporting requirements.
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.
Webinar Replay: Value Series on Risk Management – How to Protect Your Organization Against Fraud in a Remote Working Environment
Cybercriminals are no slackers when it comes to tailoring their tactics to exploit vulnerabilities. Today’s remote workplace is no exception. […]
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.