Insights
Webinar Replay: Business Continuity Webinar Series – Be Resilient: How to Manage Technology Risks During the Pandemic
PKF O’Connor Davies Risk and Cyber Advisory Practice Leaders conducted a webinar focused on business continuity during the COVID-19 Pandemic […]
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.
Outsourced and Co-Sourced Solutions
The rapid spread of the coronavirus throughout the world is clearly having a devastating impact on families, businesses and the economy in the U.S. and abroad.
Quick Refund of Corporation Overpayment of Estimated Tax – Action Required by April 15
In response to opportunities presented by the recently enacted CARES Act, businesses conducted in C Corporation form should immediately check whether they qualify for a “quick refund” of overpaid federal corporate estimated income tax applied to the 2019 tax year.
Treasury Department Issues Final Interim Guidance for the PPP Program
Last night, the Treasury Department issued the Interim Final Rule (Interim Guidance) containing clarifying and additional guidance related to sections 1102 and 1106 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act or the Act), as well as a final Borrower Application Form for the Paycheck Protection Program (PPP) loan.
Self-Employed: Am I Eligible for Unemployment Compensation Due to COVID-19?
Three million Americans filed for unemployment insurance between March 14 to March 21, 2020.
Filing Deadlines, Tax Provision Changes and Opportunities Affecting Individuals
Recent IRS notices and the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) contain many provisions related to taxation of individuals.