August 2020

Small Reporting Company Filing Requirements
SEC Reporting for Smaller Reporting Companies (SRCs)

As the economic landscape continues to evolve, companies have an opportunity to seek relief from…

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Accelerate Income to Reduce Tax Liability
Strategies to Accelerate Income and Lower Your Total Tax Liability

As 2020 winds down, it’s time to consider year-end planning. Here are some tips for…

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Accounting Methods
Proposed Small Business Taxpayer Regulations Address Accounting Methods Simplification

The IRS released an advance copy of proposed regulations for small business taxpayers to implement…

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Payroll Tax Deferral FAQs
IRS Adds New FAQs on CARES Act Payroll Tax Deferrals

The IRS recently added numerous frequently asked questions (FAQs) on the payroll tax deferrals under the Coronavirus…

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Public and Private Company Internal Controls
Five Reasons Why Private Companies Should Adopt Public Company Controls

Often viewed as a “public company problem,” private organizations may want to consider implementation of…

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Retirement Planning
IRS Extends Relief for 2020 RMD Waivers and Rollovers

IRS extended the deadline for retirement plan participants to return an unwanted RMD to their…

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State Reaction to CARES Act
State Legislative & Administrative Reactions to the CARES Act

Some CARES Act provisions that states have decoupled from include the increased business interest expense…

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Hiring Temporary Workers
Why You Should Consider Hiring Temporary Workers During — and After — The Pandemic

Business should consider foregoing rehiring staff at full-time levels and instead opting for the use…

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Reporting Capital on Schedule K-1
Two Proposed Methods for Reporting Tax Capital on Schedule K-1

IRS proposed two methods for partnerships to satisfy the tax capital reporting requirement for tax…

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Tax Control Flaws and How to Prevent Them
Income Tax Controls: Common Flaws & How to Prevent Them

Four common pitfalls in the design of income tax accounting controls, including missing controls, lack…

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