Articles
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.
More States Update Guidance on Income, Sales and Other Tax Deadline Extensions
We continue to address updates and new developments regarding the tax filing deadline extensions for the following states and the District of Columbia
IRS Releases Guidance on Advance Refunds of Employee Retention Credit
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), enacted on March 27, 2020, contains provisions related to taxation of employee benefits, compensation and wages, including employee retention credits.