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As part of the growing IRS compliance review campaign, there is now a direct focus on high-net-worth individuals, especially those who have formed private foundations and also those with international business activities.

In the last year, a lot of attention has been given to the amount of goodwill on cannabis companies’ balance sheets.

Are the funds from your PPP loan about to run out? Have your operations been crippled by the pandemic? Are you starting to feel pressure from your creditors? Have you thought about restructuring your existing obligations but don’t know where to begin?

For health care providers laboring around the clock during the pandemic, financial relief is both welcome and well deserved.

The Federal Reserve Bank of Boston finalized the term sheets for the Main Street Lending Program (the Program) to provide access for nonprofit organizations, on July 17, 2020.

Is your privately-owned construction business ready to consider or re-consider an ESOP (Employee Stock Ownership Plan) as a financial alternative to selling it?

The latest edition of the PKF International Worldwide Tax Guide for 2020/21 is now available for download. This annual publication covers 146 jurisdictions, providing an overview of taxation and business regulations on a country-by-country basis.

With the IRS moratorium on new audits set to expire on July 15, the IRS Large Business and International (LB&I) Division Commissioner, Douglas O’Donnell, announced the first significant initiative after the moratorium: examinations of several hundred high-net-worth individuals, with a focus on their ownership of partnerships, trusts and other pass-through entities, as well as their involvement with their own private foundations and international holdings.
The IRS has not identified what it considers

The last bulleted news item in this month’s Roundup speaks to a breach resulting from password mismanagement.

When it comes to setting up a charter school in New York, there are important considerations to ensure success and sustainability.

With the second quarter employment tax return filing date approaching, it is not too late for not-for-profit organizations to explore their eligibility for the Employee Retention Tax Credit (ERTC) and/or the Employer Payroll Tax Deferral provisions under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

One of the more difficult tax issues caused by the COVID-19 pandemic has been how to determine the tax residence of individuals who are stuck in a country because of travel restrictions, as well as the businesses that employ them.