Posts Tagged ‘COVID-19’

Emerging Tax Alert- How can your business benefit from the Consolidated Appropriations Act?

The Consolidated Appropriations Act of 2021 (CAA) was signed into law in late December. The sprawling legislation contains billions of dollars in additional stimulus funding in response to the COVID-19 pandemic, as well as numerous

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Posted In: Alerts & Advisories

Emerging Tax Alert- The Consolidated Appropriations Act brings COVID-19 relief (and more) to individuals

President Trump signed into law billions of dollars in long-awaited COVID-19 and economic relief. The relief package is part of the nearly 5,600-page Consolidated Appropriations Act (CAA), which also contains numerous other tax, payroll and

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Red flags of debtors

Unfortunately, many businesses have experienced problems with collections during the COVID-19 pandemic. Accounts receivable are a major item on most companies’ balance sheets. Slow-paying — or even nonpaying — customers or clients adversely affect cash

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Posted In: Alerts & Advisories

Tax Guide- The ins and outs of the easing of loss limitation rules

To provide businesses and their owners with some relief from the financial effects of the COVID-19 crisis, the Coronavirus Aid, Relief, and Economic Security (CARES) Act eases the rules for claiming certain tax losses. Here’s

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Posted In: Alerts & Advisories

Tax Guide- Relaxed limit on business interest deductions

In previous posts, we have mentioned the implications that the Tax Cuts & Jobs Act have on business interest deductions, along with the impact the CARES Act has on them. In the following post, we

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Posted In: Alerts & Advisories

Accounting & Audit Alert- How COVID-19 could impact year-end inventory counts

Many businesses are closed or are limiting third-party access as COVID-19 surges across the United States. These restrictions could still be in place at year end — a time when external auditors traditionally observe physical

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Preparing for the possibility of a remote audit

The coming audit season might be much different than seasons of yore. As many companies continue to operate remotely during the COVID-19 pandemic, audit procedures are being adjusted accordingly. Here’s what might change as auditors

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Posted In: Alerts & Advisories

Massachusetts Announces Grant Program for Small Businesses

On Thursday October 22, 2020, Massachusetts Governor Charlie Baker announced $50.8 million in grants for small businesses as part of the state’s COVID-19 recovery plan. The funds will be administered by the Massachusetts Growth Capital

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Posted In: News

Emerging Tax Alert- Year-end tax planning strategies must take business turbulence into account

Election years often lead to uncertainty for businesses, but 2020 surely takes the cake when it comes to unpredictability. Amid the chaos of the COVID-19 pandemic, the resulting economic downturn and civil unrest, businesses are

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Posted In: Alerts & Advisories

2020-2021 Tax Planning Guide Released

Do your tax strategies need a refresh? With individuals and businesses coping with the impact of the COVID-19 pandemic and some new tax laws going into effect, you probably have questions about tax planning this

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Posted In: Resources