Alternative Cost Method for Common Improvements
When developers purchase land and prepare it for construction, a large portion of their costs are spent on real property improvements that will be shared
Final Section 1031 Regulations Passed – What This Means for Like-Kind Exchanges
Even though the Tax Cuts and Jobs Act (TCJA) was signed into law at the end of 2017, many of its provisions are still being
Businesses Required to Subsidize COBRA Premiums Will Be Reimbursed with Payroll Tax Credits
To help Americans struggling with job loss, the American Rescue Plan Act of 2021 (ARPA) will subsidize the costs of COBRA insurance premiums effective April
Safe Harbor Provides Path Forward to Deducting PPP Loan Expenses
The IRS once again addressed the deductibility of eligible Paycheck Protection Program (PPP) loan expenses. On Wednesday November 18th, the IRS released Revenue Ruling 2020-27
IRS Introduces New Form 1099-NEC for 2020 Tax Year Reporting
Beginning in January of 2021, the IRS will require businesses to report non-employee compensation using a new Form 1099-NEC. Amounts formerly reported on Form 1099-MISC
When Will Market Uncertainties Affect Going Concern, and What Should Management Do About It?
Though this is not a new reporting requirement, management is up against a unique threat this year and should take the steps to evaluate going
Overtime Changes Coming January 1st: Is Your Business Ready?
