Tax & Accounting Blog
Tax & Accounting Blog
As I reported in an earlier blog, in April, the IRS issued Notice 2032 https://www.irs.gov/pub/irs-drop/n-20-32.pdf stating their position that a deduction would not be allowed…
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A Huge Move Forward for the Legalization of Cannabis Five states with cannabis measures on the ballot in the November 2020 election voted for either…
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Manufacturers and Distributors Sales and Use Tax Risk and Complexity Have Soared: Wayfair and the Pandemic Impact COVID-19 is changing the way we do business,…
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The Small Business Association (SBA) has said that it began approving PPP loan forgiveness applications on Friday, October 2nd. More than 5 million small- to…
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House Democrats have released a new comprehensive relief bill this week. This proposal is a slimmer version of the HEROES Act and include improvements to…
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Senate Republican Leader Mitch McConnell placed a bill before the Senate Thursday 9/10. S 178 is a roughly $500B package that included many “small business-related…
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Sales and Use Tax Compliance: Risk and Complexity Have Soared for Many Businesses COVID-19 is changing the way we do business, the way we buy,…
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Accounting Today together with ADP and the AICPA conducted a webinar on 9/2 focused on key issues for CPAs and businesses to consider with regard…
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SBA released interim final rule #24 on 8/24/2020: https://home.treasury.gov/system/files/136/PPP–IFR–Treatment-Owners-Forgiveness-Certain-Nonpayroll-Costs.pdf This IFR covers PPP loan forgiveness requirements relating to: (1) owner-employees with less than a 5% ownership stake…
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CPA Firms Building a Sales and Use Tax Practice: The Time is Now COVID-19 is changing the way we do business, the way we buy,…
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