As the dust settles from an ugly political season, the inauguration of Joe Biden as the new U.S. president set in motion what many believe will be tax law changes that could impact multinational corporations doing business in the U.S. With Mr. Biden’s Democrat party maintaining its majority in... Read more
The coronavirus pandemic has introduced uncertainty into every facet of our lives. We are concerned about the health and safety of our families and friends, and many of us are grappling with significant business issues such as cancelled orders, slow collections of accounts receivable, layoffs, supply chain interruptions and... Read more
The $900 billion Consolidated Appropriations Act, 2021 (CAA), which became law in December, provides additional pandemic-related financial relief to individuals and small businesses and addresses the disputed tax deductibility of business expenses paid with forgiven loans. Of particular interest to businesses are the changes the CAA makes to the... Read more
The President has signed into law the $900 billion Consolidated Appropriations Act, 2021 (CAA). It provides one-time relief payments to adults and children, adds to extended weekly unemployment benefits, and provides aid for small businesses with new Paycheck Protection Program (PPP) funding, along with a number of other targeted... Read more
Just in time to throw our year-end tax planning on its head, Congress overwhelmingly passed a $900 billion COVID-19 relief bill just before midnight on Monday that ensures tax deductibility for business expenses paid with forgiven Paycheck Protection Program (PPP) loans. The legislation, the Consolidated Appropriations Act, 2021, also provides $600 stimulus... Read more
Could your business use a tune-up? Just like your car, your business can benefit from a periodic peek “under the hood” to uncover problems or inefficiencies that might jeopardize its value down the road. A business owner relies on his or her business to provide financial security. The business... Read more
