Articles

The Setting Every Community Up for Retirement Enhancement (SECURE) Act (the Act) of 2019 seeks to expand retirement plan coverage for U.S. workers.

The tax abatement programs for all New Jersey cities dates back to 1961. Beginning in the late 1950s, commercial and manufacturing employers in large New Jersey cities began an exodus from the cities, not only taking with them thousands of jobs but substantially eroding the city’s tax base.

The New York City Office of Labor Policy and Standards recently issued amendments to NYC’s Paid Safe and Sick Leave Law.

The IRS has released a new form for 2020 ‒ Form 1099-NEC to be used to report payments for nonemployee compensation which were previously reported using Form 1099-MISC, Box 7, Nonemployee Compensation (NEC).

When the first medical cannabis dispensaries began to proliferate in California in the mid-1990s, legalization proponents were excited by the prospect for further developments in this young promising industry.

The role of the Chief Financial Officer (CFO) is changing. CFOs face a new mandate to drive strategic growth across increasingly complex organizations.

In today’s fast paced world, organizations in the hospitality industry face an ever-growing need to adapt quickly to technology.

By Jean Saylor, CPA, Partner last week, Governor Raimondo announced a pause for certain businesses to take effect November 30, 2020. […]

The implementation of Governmental Accounting Standards Board Statement 84, Fiduciary Activities (GASB 84), which requires compliance by June 30, 2021, will create challenges and significantly impact the accounting and reporting requirements of New Jersey school districts.

The IRS issued new rulings on November 18, 2020 in the form of Revenue Ruling 2020-27 and Revenue Procedure 2020-51, announcing guidance on the tax deductibility of expenses related to Paycheck Protection Program (PPP) loans that have not yet been forgiven.

In our conversations with PPP borrowers, we discover that many are planning to rely on the business activity safe harbor provision when applying for loan forgiveness.

The Fall edition of PKF Worldwide Tax Update is currently available to those organizations and individuals with business activity outside the United States.