NJ’s Newly Enacted Tax Laws and Other Developments Impact Businesses and Individuals
The State of New Jersey (NJ) was active making tax changes in late September/early October. NJ’s Governor Phil Murphy signed into law a budget impacting both individuals and corporations.
It’s That Time of Year
As we enter the last quarter of the year, now is the time for private foundations to review the current year’s tax planning and year-end strategies.
The Hospitality Industry – Where Do We Go from Here?
Owners and/or operators of hotels and restaurants are facing unprecedented times.
Streamlined Application for PPP Loans of $50,000 or Less
A few days ago, the U.S. Small Business Administration (SBA) released a new Paycheck Protection Program (PPP) loan forgiveness application, Form 3508S, intended to “simplify further the forgiveness and loan review processes for PPP loans of $50,000 or less.”
PPP Loan Guidance When There’s a Change of Control
When it comes to merger and acquisition activity, 2020 may very well become the year of “two halves.” After a significant decrease in M&A activity as a result of the pandemic in the first half of the year, we’re now seeing a notable increase in deals.
Cyber Roundup – October 2020
Our readers know that every industry is impacted by cybercrime. They also know that individuals, as well, are targeted. When these attacks seriously affect the well-being of our school kids and hospital patients ‒ as you will read in this edition ‒ we are all outraged.
Cybersecurity – Where Do We Go from Here?
As we move passed the six-month mark of being immersed in the global COVID-19 pandemic, it is important to reflect and appreciate where we have been to allow us to strategize and plan for where we need to go next.
Have You Reviewed Your Foundation’s Grant Agreements in Response to ASU 2018-08?
The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2018-08 which is intended to clarify and improve the scope and accounting guidance for contributions received and made, primarily for not-for-profit organizations.
FASB Issues Updated Guidance on Reporting for Gifts of Nonfinancial Assets
Recently, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2020-07, Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets.
Affordable Housing Organizations: 10 Reasons to Proactively Alert Your Auditors
Auditors are typically very good at uncovering potential financial issues or oversights that could put an affordable housing project in jeopardy.
Election Year Tax Planning
The 2020 presidential election is now less than two months away, and the outcome remains patently unclear.
Cyber Roundup – September 2020
In a world dramatically reshaped by the Pandemic, one constant remains: cybercrime motivation. While the number of breaches dropped during the first half of 2020, my prediction is that it will return to an upward shift.