Articles
Business Owners – Are You Prepared if a SPAC Comes Knocking?
If you mentioned the acronym “SPAC” a few years ago you were likely met with a blank stare. While COVID-19 led the headlines in 2020, SPACs became the hottest investment vehicle on Wall Street dominating the initial public offering (IPO) landscape and private equity has played a significant role in the SPAC boom.
Tax-Free Retirement Income?
Many of us are looking for ways to keep more of what we make and minimize our tax burden. One effective strategy for individual taxpayers can be the Backdoor Roth IRA.
M&A Outlook for 2021: An Active Seller’s Market
The year ahead holds the promise of a dynamic seller’s market likely to drive a healthy mergers and acquisitions (M&A) market.
PPP Double-Dipping and Cost Reporting Revisited
We are 10 months into the Paycheck Protection Program (PPP). The program has been reopened with expanded eligibility and a second bite at the apple for many of the hardest hit businesses.
The Employee Retention Credit – A New and Improved Taxpayer Opportunity
The Consolidated Appropriations Act, 2021 (the Act) brought big headlines including a new round of PPP loans, full expensing for business meals, and new stimulus checks.
Planning Considerations for Foundations Undergoing Audits in the Coming Months
As a new year brings on a new audit season, foundations that undergo a financial statement audit need to ensure they are properly prepared to enable the process to proceed with minimal issues and disruption to their operations.
Retirement Plan Missing Participants – DOL Guidance (Finally) and Action Plan
A common problem for retirement plan administrators is the maintaining of current contact information of former employees during the period of time when they leave a company to the time they become eligible to receive benefits from the retirement plan.
Donated PPE: Reporting in US GAAP and Single Audit Financial Statements
Due to severe shortages of personal protective equipment (PPE) during the coronavirus pandemic, many not-for-profit entities received donated PPE such as masks, face shields, hand sanitizer and gloves.
“To the Victor Go the Spoils” … Tax Reform is Now on the Way
In the Georgia runoff election on January 5th, the Democratic Party finished what it started last November … winning the trifecta of the White House and control of both chambers of Congress.
Paycheck Protection Program ‒ Housing Cooperatives
The Consolidated Appropriations Act, 2021 (Act), which was signed into law in late December, includes a new round of funding for the Paycheck Protection Program (PPP).
Tax Issues and Best Practices for Employee Disaster Relief Payments
Over the course of a difficult 2020 and a still uncertain 2021, employers have grappled with how to provide needed support for employees to keep their business going.
Cyber Roundup – January 2021
Shakespeare’s King Lear said “You will gain nothing if you invest nothing.” Although used in a different context, this excerpt might apply to those businesses that don’t invest (time and money) in safeguarding their IT infrastructure.