Insights and Resources
3 steps to maximizing federal grant compliance
State and local government entities ensure compliance of successful reimbursement of CARES Act, COVID-19 and other grant expenditures.
IFRS amendments to accounting for deferred tax
The IASB has issued amendments that will result in companies recognizing deferred tax on leases and decommissioning obligations.
New IRS guidance on health FSAs and dependent care assistance programs
IRS provides guidance on dependent care assistance program enhancements made due to COVID-19-related legislation.
DOL withdraws Trump-era FLSA employee classification rule
White House closes the door on DOL classification of gig workers as independent contractors; reinstalls prior multi-factor test.
IRS issues guidance for changing CFC depreciation methods
IRS issues procedures for certain foreign corporations to implement required or optional ADS depreciation changes.
Managing your short-term international travelers
There are many things to consider when sending employees abroad on short-term assignment. Here’s the top things you should keep in mind.
The American Families Plan
On April 28, 2021, President Biden introduced the American Families Plan, a $1.8 trillion spending plan that includes tax increases on high-income taxpayers to help offset its costs. In this video, we will quickly cover potential changes to the tax law that, if enacted, may affect you and your family.
Tax Strategies for Real Estate Owners
In addition to appreciation and income generation, rental real estate can provide many tax benefits. In this video, we will cover some of the more attractive tax strategies for real estate owners.
IRS extends and expands use of digital and electronic signatures
IRS extended use of digital & electronic signatures for tax forms & documents & use of email for sending/receiving certain documents.
SBA releases draft application and program guide for restaurant fund
SBA releases draft application as well as a program guide for the Restaurant Revitalization Fund. Potential applications should review.
Restaurant Revitalization Fund is coming – an update on what we know
The Restaurant Revitalization Fund is coming – SBA website soon to be operational – applicants should be ready.
Biden tax plan: International tax Implications
The international tax landscape is shifting based on recent reports from the White House, Senate Finance Committee and U.S. Treasury.
The American Rescue Plan Act of 2021
On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 into law to help address the impact of the coronavirus pandemic. In this video, we will cover the major features for both businesses and individuals of the $1.9 trillion plan.
LB&I to focus on proper reporting of tax purchase price allocations
LB&I’s compliance campaign focuses on taxpayer reporting of purchase price allocations in taxable asset acquisitions.
Expansion of the Employee Retention Tax Credit
The Consolidated Appropriations Act, 2021 made significant changes to the Employee Retention Tax Credit by extending relief to a greater number of employers and increasing the overall tax benefit. In this video, we will provide an overview of the changes and how they apply for the 2020 and 2021 tax years.
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