Tax Outlook for 2021
Successful tax planning does not just require arranging one’s affairs to take advantage of current tax laws. It also requires anticipating changes that may occur so that you do not…
Knowledge and Insights: Newsletters
Internal Control Considerations During a Pandemic
Much has changed for businesses since the COVID-19 pandemic began almost a year ago in March 2020. One of the biggest changes has been the introduction of remote working in…
Nonprofit Accounting Standards Update No. 2020-07
Does your organization receive donated goods or services? If so, accounting for these donated goods or services will be subject to new accounting guidance. In September 2020, the Financial Accounting…
2021 IRS TE/GE Division Update
The impacts of the COVID-19 pandemic in 2020 have forced us and our tax-exempt (and for-profit) clients to grapple with rapidly changing work environments, economic climates, and regulatory and compliance…
Wrongful Termination in the Midst of Economic Uncertainty
Wrongful termination litigation tends to increase during economic uncertainty, following company-wide layoffs and reductions in work force. The COVID-19 pandemic is no exception. Forensic accountants are often retained to provide…
PPP2 is Here – What You Need to Know
On Monday, December 21st, the U.S. Senate and House of Representatives passed a $900 billion COVID-19 relief bill, called the Consolidated Appropriations Act, that provides $600 stimulus payments to individuals,…
Tax Impacts of the New COVID Relief Bill
The Consolidated Appropriations Act of 2021 has been passed by Congress and was signed by the President last Sunday, December 27th. The bill is very large and contains over 5,600…
Important Considerations for Year-End Tax Planning
As year-end approaches, it is a good time to think about planning moves that may help reduce taxes for this year and possibly next. Year-end planning for 2020 takes place…
NJ Pass-Through Owners Can Now Either Fish the Tax Waters or Cut New Jersey BAIT
New Jersey Pass-Through Business Alternative Income Tax (NJ BAIT) Act was passed in January 2020 and is effective for 2020. This act was designed to help business owners mitigate the…
State & Local Government Entities – Are You Spending Your Relief Funds Properly?
The Coronavirus Relief Fund, a product of the Coronavirus Aid, Relief and Economic Security (CARES) Act, distributed $150 billion of payments for specified uses to state and certain local governments…
