April 2020

Audit Committee Considerations
Questions for Audit Committees During the COVID-19 Crisis

Questions for audit committees to consider in executing financial reporting responsibilities and ensuring audit quality…

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International Tax Considerations During COVID-19
International Tax Considerations Relating to Repatriation in Light of COVID-19

Due to liquidity and cash flow needs, such U.S. taxpayers may need to repatriate cash…

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Main Street Lending Program for Economic Relief
Federal Reserve Announces Main Street Business Lending Program

The Federal Reserve announced additional actions it will take to provide up to $2.3 trillion in loans…

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Calendar
IRS Expands COVID-19 Postponement Relief

Federal tax payments and returns eligible for relief are expanded. Any tax return or payment…

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New York Tax - CARES Act
New York Becomes First State to Decouple from Key Business Tax Provisions of the CARES Act

New York became the first state to decouple from particular features of the CARES Act…

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Real Estate: Assessing Your Coronavirus Risk
Real Estate & Construction Companies: Determining Your Coronavirus Risk

Ascertaining lost revenue and income stemming from these extraordinary circumstances is key to minimizing the…

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Filing Partnership Tax Returns
IRS Provides Welcome Relief for Partnership Filings to Obtain CARES Act Benefits

The CARES Act provides retroactive tax relief that affects partnerships, including relief for the taxable…

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CARES Act Opportunities for SMBs
How SMBs Can Take Advantage of SBA Loans and Payroll Tax Incentives

Businesses should quickly consider how provisions of the CARES Act - including the Paycheck Protection…

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How Manufacturing Is Impacted by the CARES Act
Coronavirus Aid, Relief and Economic Security Act: Manufacturing Impacts

The CARES Act is good news for manufacturers, many of whom are struggling given the…

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Lease Accounting Standard Delayed
FASB Votes to Defer the Effective Date of ASC 842

This week, FASB voted in favor of a one-year deferral of the effective date of…

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