Business Tax, Audit & Advisory Solutions Blog

Steer Clear of the Trust Fund Recovery Penalty

If you own or manage a business with employees, you may be at risk for a severe tax penalty. It’s...

Accounting for Cloud Computing Arrangements

The costs to set up cloud computing services can be significant, and many companies would prefer not to immediately expense...

IRS releases 2021 amounts for Health Savings Accounts

The IRS recently released the 2021 inflation-adjusted amounts for Health Savings Accounts (HSAs). HSA basics An HSA is a trust...

PPP Forgiveness Gets Some Wiggle Room

The U.S. Senate passed the House version of Paycheck Protection Program (PPP) legislation Wednesday, June 4, 2020, tripling the time...

Business Meal Deductions: The Current Rules Amid Proposed Changes

Restaurants and entertainment venues have been hard hit by the novel coronavirus (COVID-19) pandemic. One of the tax breaks that...

Revenue Recognition and Leases: FASB Gives Certain Entities More Time

Private companies and most nonprofits were supposed to implement updated revenue recognition guidance in fiscal year 2019 and updated lease...

To Pivot Successfully: Start with Why!

Business is hard! Even in a booming economy, companies that don’t constantly pivot and adapt to changes in their industry,...

Foreign Investment: Filing Requirement by Bureau of Economic Analysis

The Bureau of Economic Analysis (BEA), a division of the U.S. Department of Commerce, is again requesting certain businesses to...

Congrats, You Got Your PPP Money… Now What?

How should I be using this money? The proceeds from your Paycheck Protection Program (PPP) loan should be used only...

PPP Loan Amounts under $2 million Meet Good Faith Requirements

The Treasury Department continues to update a list of frequently asked questions regarding the CARES Act including the Payroll Protection...

Treasury Provides New Standard for PPP Loan “Good Faith” Certification

The Treasury Department continues to update a list of frequently asked questions regarding the CARES Act including the Payroll Protection...

PPP Loan Update – Potential Treatment of Forgiveness Not Taxpayer Friendly

The CARES Act provided the ability to have your Paycheck Protection Program loan or a portion forgiven while having that...

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