Category: Business Advisory
IRS Provides Safe Harbor for PPP Loan Deductions
The safe harbor applies to PPP borrowers who received first-round loans but were not able…
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IRS Issues Guidance for Claiming Employee Retention Credit in 2021
The IRS issued additional guidance for businesses claiming the employee retention credit for the first…
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How Private Equity Funds Can Leverage the Employee Retention Credit
Private equity funds may generate cash by claiming the recently enhanced employee retention credit (ERC)…
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With PPP Extension, Borrowers Should Revisit Guidelines for Ownership Changes
The SBA issued a Procedural Notice to address required procedures for changes of ownership related…
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Deadline Extended for PPP Loan Applications
The U.S. Senate passed legislation that provides a 60-day extension for eligible employers to apply…
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Comprehensive COVID-19 Relief Package Enacted
The latest COVID-19 relief package provides relief to individuals and small businesses, including updates to…
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Employee Retention Credit FAQs Released for 2020 Claims
IRS issued new FAQs describing retroactive changes to the ERC under the new law for…
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Interplay of PPP and ERC with the R&D Tax Credit
The CAA addresses the interplay for businesses that intend to claim both the ERC and…
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Proposed Relief Would Aid Fitness Businesses Impacted by COVID-19
The Gym Mitigation and Survival Act (GYMS Act) would award grants to gyms and fitness…
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Three Scenarios for Family Business Succession
There are three main scenarios for how the succession of leadership and management proceeds for…
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