Monitoring Use of Personal Devices to Work – Best Practices for Broker Dealers
In 2020, more than two-thirds of company employees used personal communication devices for work, according to recent estimates.
PKF Worldwide Tax Update – Spring 2021
The current PKF Worldwide Tax Update is now available to those organizations and individuals with business interests outside the United States.
The American Rescue Plan – Key Details of the New Stimulus Package
The House of Representatives passed a final version of H.R. 1319, the American Rescue Plan Act of 2021 (ARPA), on March 10, 2021.
Cyber Roundup – March 2021
As we recognize the one-year anniversary of the COVID-19 lockdown in the tri-state area and look forward to light at the end of the tunnel, we should acknowledge the huge part that technology plays in our lives.
New PPP Guidance for Schedule C Filers
The Small Business Administration (SBA) issued an Interim Final Rule (IFR), on Wednesday evening, that changes the way Schedule C filers calculate their maximum loan amount for both first draw and second draw PPP loans.
Virginia Legalizes Marijuana
In a significant vote, the Virginia Legislature approved adult-use marijuana, making it the first state in the South to move forward with cannabis legalization.
New IRS Requirement to Track Nonmember Income Generation
Does your 501(c)(7) private club hold nonmember outside events, and do these events generate a profit for the club?
M&A Deal Activity Surged in Second Half of 2020
After a precipitous decline in Q2 2020, mergers and acquisitions transactions in North America rose 84% from Q2 to Q4 2020 after experiencing a 38% decline in Q2 and a 22% decline in Q3.
House Passes New Stimulus Bill – Extended Employee Retention Credit, PPP Updates and Other Small Business Relief
On Saturday, February 27, 2021, the House of Representatives passed H.R. 1319, the American Rescue Plan Act of 2021 (ARPA). The bill provides, among a broad array of stimulus provisions, an extension of the employee retention credit through the end of 2021, as well as credits for paid family and sick leave for employees
New Jersey Legalizes Marijuana
Gov. Phil Murphy signed three bills into law on February 21, 2021 that will legalize marijuana in New Jersey (NJ). New Jersey will join Maine, Vermont, and Massachusetts on the East Coast to now legalize marijuana.
Marijuana Business: Are Depreciation and Charitable Contributions Deductible?
A recent court case, San Jose Wellness (2021) 156 T.C. No. 4, has emerged in the marijuana industry highlighting the proper allocation of costs and the deductibility or disallowance based upon the specific facts.
Enhancements and Extensions to the Employee Retention Credit
The 2021 Consolidated Appropriations Act included $900 billion in stimulus relief for the COVID-19 pandemic, including significant changes to the Employee Retention Credit. These changes will be beneficial to many nonprofit employers.