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April 23, 2020
IRS extends some (but not all) employee benefit plan deadlines

The IRS recently issued Notice 2020-23, expanding on previously issued guidance extending certain tax filing and payment deadlines in response to the novel coronavirus (COVID-19) crisis. This guidance applies to specified filing obligations and other “specified actions” that would otherwise be due on or after April 1, 2020, and before July 15, 2020. It extends […]

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April 21, 2020
New COVID-19 law makes favorable changes to “qualified improvement property”

The law providing relief due to the coronavirus (COVID-19) pandemic contains a beneficial change in the tax rules for many improvements to interior parts of nonresidential buildings. This is referred to as qualified improvement property (QIP). You may recall that under the Tax Cuts and Jobs Act (TCJA), any QIP placed in service after December […]

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April 20, 2020
Your legacy: Charitable giving is vital during the COVID-19 crisis

The novel coronavirus (COVID-19) pandemic and the resulting economic fallout is dealing a crushing blow to charitable organizations. Indeed, during a time when food banks, disaster relief and other nonprofit services are needed most by the public, their funding is suffering due to cancelled fundraising events and other factors. If philanthropy is an important part […]

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April 20, 2020
What are the key distinctions between layoffs and furloughs?

As businesses across the country grapple with the economic fallout from the novel coronavirus (COVID-19) pandemic, many must decide whether to downsize their workforces to lower payroll costs and stabilize cash flow. If your company is contemplating such a move, you’ll likely want to consider the choice within the choice: that is, should you lay […]

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April 17, 2020
Adjusting your financial statements for COVID-19 tax relief measures

The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, 2020, contains several tax-related provisions for businesses hit by the novel coronavirus (COVID-19) crisis. Those provisions will also have an impact on financial reporting. Companies that issue financial statements under U.S. Generally Accepted Accounting Principles (GAAP) are required to follow Accounting […]

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April 17, 2020
Questions to ask when making COVID-19 risk disclosures

Efforts to contain the spread of the novel coronavirus (COVID-19) have led to suspension of many economic activities, putting unprecedented strain on businesses. The Securities and Exchange Commission (SEC) recently issued guidance to help public companies provide investors and other stakeholders with useful, accurate financial statement disclosures in today’s uncertain marketplace. New disclosure guidance On […]

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April 15, 2020
Employer’s Guide to Handling COVID-19

 Employer’s Guide to Handling COVID-19 In this webinar we’ll provide guidance for employers including: What to do when an employee receives a diagnosis of COVID-19 What protective measures you should take How to handle potential lay-offs or reductions New emergency paid FMLA leave and paid sick leave requirements What HIPAA and healthcare requirements you’re […]

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April 15, 2020
Tax Payments and Deadlines During COVID 19 for Businesses and Individuals

 Tax Payments and Deadlines During COVID-19 for Businesses and Individuals In this webinar, we cover questions regarding deadlines, penalties, interest, forgiveness and loans on the federal and state level.  Below is a transcript of the webinar.  Amanda: So today for your panelists, we have Dan Kruesi and Henry Rinder, licensed Certified Public Accountants at […]

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April 13, 2020
COVID-19: Overview of Relief Available for Small Businesses

We have put together the following short summary of resources available to small businesses amid the coronavirus (COVID-19) pandemic. We hope you will find it useful. This short memo will guide you through the primary relief options available to small businesses through the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Other resources are available […]

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