Category: Tax
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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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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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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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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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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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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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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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 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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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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