Tag: COVID-19

Government Assistance Programs
Leveraging COVID-19 Relief Opportunities: Ready for Scrutiny?

There are critical considerations to ensure government assistance is viable and worthwhile for your organization,…

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Accounting for PPP Loans
Accounting for Paycheck Protection Program (PPP) Loans and Forgiveness

Currently, there is no formal guidance that states how businesses should account for PPP loan…

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Grantor Retained Annuity Trust (GRAT)
Estate Planning Opportunity: Grantor Retained Annuity Trust (GRAT)

A GRAT is an irrevocable gifting trust that can make for a compelling estate planning…

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Returning to Business - Employee Retention Credit
As Governors Lift COVID-19 Restrictions, What Happens to the CARES Act Employee Retention Credit?

During this “in-between” stage, can employers continue to take the employee retention tax credit created…

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State and Local Tax Effects of Telework
Teleworking Employees and the Resulting SALT Effects

Three important state and local tax (SALT) effects that could result from teleworking employees, including…

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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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Main Street Lending Program
New Federal Reserve Guidance for the Main Street Lending Program

The Federal Reserve has issued further guidance and eligibility requirements surrounding its Main Street Lending…

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2017 Research Tax Credit Payroll Offset Claims: Recent Updates
Claiming R&D Payroll Credits in Conjunction with FFCRA and CARES Act Payroll Tax Relief Incentives

Startups eligible to claim the R&D credit for payroll tax offset can increase the cash…

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Net Operating Losses
FAQ: CARES Act Impacts on Net Operating Losses

Given the significant role NOLs can play in increasing cash flow and helping to mitigate…

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Liquidity Options Other Than PPP
Liquidity Options Beyond the Paycheck Protection Program

With or without PPP funding, the unfortunate reality is many businesses are seeking much-needed capital…

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