Articles
IRS Extends Returns and Payments to July 15th
The IRS has released Notice 2020-23, extending return and payment due dates between April 1, 2020 and July 15, 2020 to July 15, 2020.
Impact of CARES Act on Partnerships
By Benjamin Beskovic, CPA, Partner, Christopher Johnson, JD, MBA, CPA, Senior Manager, JP Kavanaugh, CPA, Manager, and Kerry Buscaglia, CPA, […]
Treasury Announces Filing Extensions for Exempt Organizations
In a Press Release (IR-2020-66), issued on April 9, 2020, the U.S. Treasury Department, Office of Public Affairs, announced relief for tax-exempt organizations as follows:
Federal Reserve Announces Main Street Lending Program
On April 9, 2020, the Federal Reserve announced actions to assist employers of all sizes.
CARES Act ‒ Income Tax Refund Opportunities for Corporations
The Coronavirus Aid, Relief, and Economic Security (CARES) Act (H.R. 748) was signed into law on March 27, 2020 with the intention of providing liquidity to individual workers and businesses as the country battles the medical and economic effects of the current COVID-19 pandemic.
Webcast Recap: CARES Act Support for Non-Profits: Tax Relief, Loans and Charitable Giving Incentives
The PKF O’Connor Davies not-for-profit, tax and advisory leadership team conducted a live webcast focusing on the relief and other […]
Impact of Government-Provided Relief on the Private Club Industry
Now that the club is closed, and most activities have halted, private clubs are focused on navigating the next few months.
IRS Changes Signature Requirements to Accommodate Remote Working Conditions
This Alert provides information on a temporary change to the Internal Revenue Service (IRS) procedures concerning processing of required forms relative to the assessment and collection of taxes.
Webcast Recap: How to Obtain CARES Act Tax Relief, Loans and Employment Assistance
The PKF O’Connor Davies tax and advisory leadership conducted a live webcast focusing on business continuity during the COVID-19 pandemic […]
FAQ from the U.S. Department of Treasury on Paycheck Protection Program Loans
The Small Business Administration (SBA), in consultation with the Department of the Treasury, recently issued a FAQ that addresses many of the questions that have come up concerning the implementation of the Paycheck Protection Program (PPP).
Financial Relief for Independent Contractors and Other Self-Employed Individuals
Independent contractors and other self-employed individuals (also referred to as independent contractors) may be significantly impacted by the Covid-19 crisis.
Smart Cash Flow Forecasting
Financial executives and managers use cash flow forecasting as a tool to manage their business and project investment rates of return. In a “normal” business environment, often they run forecasts quarterly or annually and operating history is often a good guide.