Category: Tax

Strategic Tax Advisory
Looking to Boost Liquidity? Consider Changing Your Accounting Method

As businesses across all industries look for ways to reduce costs and increase liquidity, unique…

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Internal Controls
Four Reasons to Strengthen Income Tax Accounting Internal Controls

It is important for businesses to understand risks within the company, and thus the need…

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Tax Regulations - FDII and GILTI
The Treasury Issues Final Regulations for FDII and GILTI Deduction

Treasury issued final regulations that provide guidance regarding the deduction for foreign-derived intangible income (FDII)…

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FFCRA Reporting
Employer Reporting for Qualified Sick and Family Leave Wages Paid Under FFCRA

Employers are required to report the amount of qualified sick leave wages and qualified family…

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ING Trusts for Tax Planning
Incomplete Non-Grantor (ING) Trusts for Effective Tax Planning

The incomplete non-grantor (ING) trust is a self-settled, asset protection trust that provides income tax…

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Opportunity Zones
Everything You Need to Know About Opportunity Zones

Brief summary of the qualified opportunity zone (QOZ) program and tax benefits, including capital gain…

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Employee Retention Credit FAQ
FAQ Updates for Employee Retention Credit & Payroll Tax Deferrals

The IRS recently updated its frequently asked questions (FAQs) on the Employee Retention Credit (ERC)…

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Family Business Legacy Planning
The Family Business: Leaving a Legacy

Examining opportunities for family business owners to leave legacies for their families through estate planning…

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Family Wealth Planning
Family Wealth Planning in a Time of Uncertainty

The current federal estate, gift, and generation-skipping transfer (GST) tax exemption is $11.58 million per…

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CARES Act Deductions for PPP Expenditures
IRS Clarifies Tax Deduction Eligibility for PPP Expenditures

IRS issued guidance regarding the deductibility for federal income tax purposes of certain otherwise deductible…

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