Implications for Your Industry
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Education
How We Can Help
Addressing growing financial aid requests and the possibility of reduced enrollment are among the essential issues facing today’s administrators. Our professionals deliver the precise support charter schools, independent primary and secondary schools and colleges and universities need to address current challenges while staying competitive, satisfying a diverse constituency and managing risk. What We Do
Discover more in our insights below:
- The “New” Employee Retention Credit – Expanding Opportunities for Independent Schools, February 10, 2021
- What New Jersey School Districts Need to Know About GASB 84, November 30, 2020
- Coronavirus and Nonprofits: Cancellation of Fundraising Events and Membership Dues May Convert to Tax-Deductible Donations, June 2, 2020
- Time to Get Creative – Save Money and Leverage Impact, May 20, 2020
- Financial Reporting Considerations for Higher Education CARES Grant Fund Recipients, May 12, 2020
- Form 5500 and Other Time-Sensitive Actions Involving Employee Benefit Plans, April 22, 2020
- Post-Pandemic Retirement Structures: Worker Equity Pension Protection Program, April 2, 2020
- Deadlines Extended for 403(b) Plans and Pre-Approved Defined Benefit Plans, March 31, 2020
- COVID-19 Update – Excerpt from Notice 2020-18 — Relating to IRAs, Work-based Retirement Plans, Health Savings Accounts (HSAs) and Archer Medical Savings Accounts (MSAs), March 30, 2020
- The CARES Act and Qualified Retirement Accounts, March 27, 2020
- Employee Benefits Update, March 23, 2020
Employee Benefit Plans
How We Can Help
For employers and plan sponsors, the economic disruption caused by the pandemic can be significant. Should employees be terminated, employer contributions or other plan operations adjusted, our experience is critical to addressing compliance matters that affect qualification requirements and the operation of a retirement or other employee benefit plan. What We Do
Discover more in our insights below:
- Deadline to Rollover 2020 Required Mandatory Distributions is Quickly Approaching, August 12
- Building an Effective Succession Plan and Exit Strategy for Construction Industry Owners and Executives, July 22, 2020
- IRS Announces Rollover Relief for Retirement Account RMDs Waived under CARES Act, June 25, 2020
- Updates: Amendments Required for HRAs and Cafeteria Plans and the PCORI Fee, June 12, 2020
- IRS Relief: Increased Flexibility ‒ Section 125 Cafeteria Plans, May 14, 2020
- Form 5500 and Other Time-Sensitive Actions Involving Employee Benefit Plans, April 22, 2020
- Post-Pandemic Retirement Structures: Worker Equity Pension Protection Program, April 2, 2020
- Deadlines Extended for 403(b) Plans and Pre-Approved Defined Benefit Plans, March 31, 2020
- COVID-19 Update – Excerpt from Notice 2020-18 — Relating to IRAs, Work-based Retirement Plans, Health Savings Accounts (HSAs) and Archer Medical Savings Accounts (MSAs), March 30, 2020
- The CARES Act and Qualified Retirement Accounts, March 27, 2020
- Employee Benefits Update, March 23, 2020
Family Office
How We Can Help
The pandemic has turned everyone’s world upside down. From families and businesses to wealth, life as we knew it has changed. Uncertainty is the new norm and most families and business owners do not have experience managing though a crisis of this magnitude. Fortunately, we do and are help to help. What We Do
Discover more in our insights below:
- Podcast: Family Office Fire Drill “What If” Scenario Disaster Planning, June 2, 2020
- Time to Get Creative – Save Money and Leverage Impact, May 20, 2020
- Wealth Transfer Planning in the Current Economic Environment, May 4, 2020
- Don’t Let Procrastination Get in the Way of Your Last Will & Testament ‒ Now Is the Time to Act, April 24, 2020
- Managing Through COVID-19 — Best Practices for Enterprising Families, March 30, 2020
Financial Services
How We Can Help
Managing today’s economic challenges often requires the support of specialists with first-hand knowledge across the entire financial services spectrum and substantial experience at major CPA firms and Wall Street institutions. Our professionals leverage an in-depth understanding of banking, capital markets, trading, investment management and investment banking to help solve the pressing, and unprecedented, issues now facing banks, broker dealers, hedge funds and other financial entities. What We Do
Discover more in our insights below:
Healthcare
How We Can Help
As those on the front line care for pandemic victims, our professionals support the organizations and administrators behind them. Blending deep industry knowledge, insight and expertise, our specialists assist with innovations such as telehealth as well as technology risk management, budgeting and financial reporting, tax compliance and planning, patient care administration and management. What We Do
Discover more in our insights below:
- Provider Relief Fund Reporting Update, February 1, 2021
- Donated PPE: Reporting in US GAAP and Single Audit Financial Statements, January 20, 2021
- CARES Act – Provider Relief Fund (updated), August 21, 2020
- CARES Act – Provider Relief Fund, July 27, 2020
- Telemedicine and the Pandemic, March 27, 2020
- COVID-19 Telehealth Care Considerations — OCR Eases Restrictions, March 23, 2020
Hedge Funds
How We Can Help
In today’s unpredictable economy, hedge fund managers grapple with managing staff, confusing government assistance eligibility requirements and other challenges. Our professionals leverage extensive experience in this complex arena to support managers in making sound decisions today and planning for recovery. What We Do
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Hospitality
How We Can Help
Hotels, restaurants, catering and other facilities are experiencing unimaginable revenue declines. Our hospitality specialists help owners navigate the eligibility requirements, tax and compliance issues associated with CARES Act loans and assistance programs while developing strategies for recovery. What We Do
Discover more in our insights below:
- Hotel Bad Debts: Are They Always Tax Deductible?, January 12, 2021
- Data in Hospitality: Are You Keeping Up?, December 1, 2020
- The Hospitality Industry – Where Do We Go from Here?, October 13, 2020
- Coronavirus and Nonprofits: Cancellation of Fundraising Events and Membership Dues May Convert to Tax-Deductible Donations, June 2, 2020
- Good News: IRS Grants Residency and Other Relief for Those Affected by Travel Disruptions, April 23, 2020
- CARES Act ‒ Finally Some Relief to the Hospitality Industry, March 30, 2020
- Coronavirus – Considerations for Hospitality Accounting, March 19, 2020
Not-For-Profit Organizations
How We Can Help
The CARES Act offers important relief to non-profit organizations. Our specialists are fully equipped to help you navigate provisions that include expanded eligibility for emergency disaster loans, payroll-related credits and tax deferral, charitable giving incentives for donors and other tax modifications. What We Do
Discover more in our insights below:
- Shuttered Venue Operators are Thrown a Lifeline as the Show Must Go On, January 26. 2021
- Main Street Lending Program for Nonprofits, July 22, 2020
- Form 941 Deadline Approaching: There Is Still Time for Not-for-Profits to Take Advantage of Payroll Tax Relief, July 2, 2020
- Coronavirus and Nonprofits: Cancellation of Fundraising Events and Membership Dues May Convert to Tax-Deductible Donations, June 2, 2020
- New York Forward Loan Fund Aimed at Small Entities with 20 or Fewer Full-Time Employees
- Time to Get Creative – Save Money and Leverage Impact, May 20, 2020
- CARES Act and Single Audit Requirements, May 6, 2020
- Treasury Announces Filing Extensions for Exempt Organizations, April 10, 2020
- Webcast Recap: CARES Act Support for Non-Profits: Tax Relief, Loans and Charitable Giving Incentives, April 8, 2020
- Impact of Government-Provided Relief on the Private Club Industry, April 8, 2020
- Not-for-Profit Loan Assistance Under the CARES Act, April 1, 2020
- The CARES Act – Relief for Nonprofit Organizations, March 31, 2020
- Grantmaking During Disasters and Tax-Favored Financial Assistance to Employees, March 24, 2020
Private Clubs
How We Can Help
Our enduring specialty in the private club arena enables us to deliver immediate and specific guidance relating to relief and other provisions of the CARES and Families First Acts. Managers turn to us for clarification and support in dealing with disaster loans, payroll tax credits, tax reduction opportunities and expanded benefits for employees. What We Do
Discover more in our insights below:
- Your 501(c)(7) Private Club: Non-Member Income Generation to Be Separated into Lines of Business, June 29, 2020
- Coronavirus and Nonprofits: Cancellation of Fundraising Events and Membership Dues May Convert to Tax-Deductible Donations, June 2, 2020
- Time to Get Creative – Save Money and Leverage Impact, May 20, 2020
- Webcast Recap: CARES Act and Other Support for Private Clubs, April 14, 2020
- Webcast Recap: CARES Act Support for Non-Profits: Tax Relief, Loans and Charitable Giving Incentives, April 8, 2020
- Impact of Government-Provided Relief on the Private Club Industry, April 8, 2020
- The CARES Act – Relief for Nonprofit Organizations, March 31, 2020
- CARES Act ‒ Finally Some Relief to the Hospitality Industry, March 30, 2020
- Coronavirus Aid, Relief, and Economic Security Act (CARES Act) – Benefits for Not-for-Profits, March 27, 2020
- Coronavirus – Considerations for Hospitality Accounting, March 19, 2020
Private Foundations
How We Can Help
Federal assistance to private foundations is specific, complex and evolving. Our professionals can help organizations decipher rulings and updates. Our experience is now more vital than ever to reducing confusion and addressing economic challenge. What We Do
Discover more in our insights below:
- Business Insurance: What Does Your Private Foundation Need?, November 24, 2020
- It’s That Time of Year, October 14, 2020
- Have You Reviewed Your Foundation’s Grant Agreements in Response to ASU 2018-08?, September 29. 2020
- Grantmaking in a Remote Environment – Risk Mitigation, August 17, 2020
- IRS Announces New Audit Initiative for Private Foundations, June 30, 2020
- Protecting Your Foundation against Cyber Threats in the Age of Working Remotely, June 22, 2020
- Coronavirus and Nonprofits: Cancellation of Fundraising Events and Membership Dues May Convert to Tax-Deductible Donations, June 2, 2020
- Time to Get Creative – Save Money and Leverage Impact, May 20, 2020
- Extension of Due Dates for Private Foundations, April 13, 2020
- Webcast Recap: CARES Act Support for Non-Profits: Tax Relief, Loans and Charitable Giving Incentives, April 8, 2020
- Not-for-Profit Loan Assistance Under the CARES Act, April 1, 2020
- The CARES Act – Relief for Nonprofit Organizations, March 31, 2020
- Coronavirus Aid, Relief, and Economic Security Act (CARES Act) – Benefits for Not-for-Profits, March 27, 2020
- Grantmaking During Disasters and Tax-Favored Financial Assistance to Employees, March 24, 2020
Professional Services
How We Can Help
As business slows and the economy weakens, self-employed individuals, independent business owners and contractors face significant upheaval. Our professional services team leverages in-depth financial and operational experience to help clients understand and match federal assistance options to their specific circumstances and objectives. Our team also provides solutions for addressing accounting, tax and general business challenges. What We Do
Discover more in our insights below:
Public Sector
How We Can Help
In a time of increased spending without revenue growth, experience is paramount. As one of the region’s leading providers of accounting, auditing and advisory services for public sector organizations, we serve as a bridge between accounting practices and financial management, helping resolve new and complex regulatory issues, fulfill critical reporting requirements and more. What We Do
Discover more in our insights below:
Real Estate
How We Can Help
To an industry that is already highly cyclical, the public health crisis has introduced significant additional concern. To assist, our specialists blend their understanding of current challenges and support programs with deep experience formulating solutions for clients with industrial sites, warehouse and office complexes, apartments, strip malls, co-operative apartments, homeowner associations and residential developments. What We Do
Discover more in our insights below:
Transaction and Financial Advisory Services
How We Can Help
There is room for optimism in the M&A arena despite near-term downward pressure on business valuations and deal volume – but expertise is essential. Our specialists leverage deep knowledge and extensive backgrounds to help maximize value while minimizing risk and they understand the needs of both the client and the transaction. Today’s challenges demand this level of experience. What We Do