Insights
Hotel Bad Debts: Are They Always Tax Deductible?
Many hotel companies have a standard operating procedure for calculating allowance for doubtful accounts.
Single Audit Requirements for Provider Relief Funds
…more information, please contact your client service partner or any of the following: Christopher J. McCarthy, CPA Partner Healthcare Practice Co-Leader cmccarthy@pkfod.com Keith A. Solomon, CPA Partner Healthcare Practice Co-Leader ksolomon@pkfod.com Laurie Hafner, CPA Partner lhafner@pkfod.com Dorothea Russo, CPA Partner drusso@pkfod.com Krista Karabel Manager kkarabel@pkfod.com…
SBA Releases New PPP Loan Application Forms
Ready or not… The SBA released on Friday January 8, 2021 two new Paycheck Protection Program Borrower Application Forms: Form 2483 (1/21) for first-time borrowers and Form 2483-SD for second draw borrowers.
2020 Financial Services Accounting and Regulatory Look-Back
The year 2020 brought several important news releases from the Securities and Exchange Commission (SEC) and the American Institute of Certified Public Accountants (AICPA) related to the investment advisor community.
Pension and Health Provisions of the CAA, 2021
As part of our commitment to helping our clients stay informed of changing Employee Benefits issues, we are pleased to provide you with new information and perspectives that were included in the Consolidated Appropriations Act (CAA, 2021).
OMB Issues Compliance Supplement Addendum Governing CARES Funding for Higher Education
The Office of Management and Budget released late last month the much-awaited Compliance Supplement Addendum.
The SolarWinds Digital Breach and Why It Matters
Over the past few weeks, two company names have dominated the news, SolarWinds and FireEye. If you work in IT or as a security professional, these companies are considered to be household names; however, for the vast majority of senior management teams and boards of directors, this is most likely the first time they are hearing about them.
Are We Still in the Golden Age of the Research Tax Credit?
Claiming the Federal Research and Development Tax Credit (Research Credit) has never been more beneficial. As a result, in recent years, many small, middle-market and start-up companies have begun capturing the credit.
PKF O’Connor Davies Welcomes Bonamassa, Maietta & Cartelli, LLP
PKF O’Connor Davies, LLP, one of the nation’s largest accounting, tax, and advisory firms, announced today that Bonamassa, Maietta & Cartelli, LLP (BMC), a full-service public accounting firm in New York City, has joined the Firm.
Mandatory Electronic Filing Requirements for Tax-Exempt Organizations
In today’s digital world, tax-exempt organizations should be aware of the electronic filing mandate applicable to information returns and related forms.
Webinar Replay: The New Relief Package
This webinar covers the Consolidated Appropriations Act passed by Congress. For a closer look at how the bill and government […]
National Emergency Declaration: Permits Employers to Provide Tax-Free Financial Assistance to Employees
When the COVID-19 pandemic was declared a national emergency disaster earlier this year, many thought it would be short-lived. Unfortunately, this has not been the case ‒ the pandemic continues with a million additional cases worldwide. On a positive side, there has been vast progress on therapeutics and with a renewed hope in a vaccine, the world may soon begin to transition toward normalcy.