Insights

The IRS announced on March 17, 2021 that they would be providing an automatic extension of time for federal income tax filings for individual taxpayers from April 15, 2021 to May 17, 2021, recognizing the continued limitations due to the pandemic and the significant changes affecting many taxpayers as a result of the American Rescue Plan Act, which became law last week.

In 2020, more than two-thirds of company employees used personal communication devices for work, according to recent estimates.

The current PKF Worldwide Tax Update is now available to those organizations and individuals with business interests outside the United States.

The House of Representatives passed a final version of H.R. 1319, the American Rescue Plan Act of 2021 (ARPA), on March 10, 2021.

As we recognize the one-year anniversary of the COVID-19 lockdown in the tri-state area and look forward to light at the end of the tunnel, we should acknowledge the huge part that technology plays in our lives.

The Small Business Administration (SBA) issued an Interim Final Rule (IFR), on Wednesday evening, that changes the way Schedule C filers calculate their maximum loan amount for both first draw and second draw PPP loans.

In a significant vote, the Virginia Legislature approved adult-use marijuana, making it the first state in the South to move forward with cannabis legalization.

Does your 501(c)(7) private club hold nonmember outside events, and do these events generate a profit for the club?

After a precipitous decline in Q2 2020, mergers and acquisitions transactions in North America rose 84% from Q2 to Q4 2020 after experiencing a 38% decline in Q2 and a 22% decline in Q3.

On Saturday, February 27, 2021, the House of Representatives passed H.R. 1319, the American Rescue Plan Act of 2021 (ARPA). The bill provides, among a broad array of stimulus provisions, an extension of the employee retention credit through the end of 2021, as well as credits for paid family and sick leave for employees