Category: Business Advisory

IRS PPP
IRS Provides Safe Harbor for PPP Loan Deductions

The safe harbor applies to PPP borrowers who received first-round loans but were not able…

Read More
erc guidance
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…

Read More
private equity roi erc
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)…

Read More
Procedures for Change of Ownership for PPP Borrowers
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…

Read More
ppp_loan_extension
Deadline Extended for PPP Loan Applications

The U.S. Senate passed legislation that provides a 60-day extension for eligible employers to apply…

Read More
COVID Relief Package
Comprehensive COVID-19 Relief Package Enacted

The latest COVID-19 relief package provides relief to individuals and small businesses, including updates to…

Read More
ERC_FAQS
Employee Retention Credit FAQs Released for 2020 Claims

IRS issued new FAQs describing retroactive changes to the ERC under the new law for…

Read More
R&D Tax Credit and Employee Retention Credit
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…

Read More
GYMS Act Could Offer Relief to Struggling Fitness Businesses
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…

Read More
Succession Planning Scenarios
Three Scenarios for Family Business Succession

There are three main scenarios for how the succession of leadership and management proceeds for…

Read More