Today, most middle-market businesses buy or sell, eventually. But many are unprepared for M&A, leading to entirely avoidable financial losses. In this article, we outline how you can position your company for success in current & future deals. Read more
H.R. 133 makes consolidated appropriations for the fiscal year ending September 30, 2021, providing coronavirus emergency response and relief. Click the link to learn about the key tax and accounting provisions.
Read moreWhile 2020 winds down, there is still time to reduce your tax burden. Here are six ideas that can save money for most of us. 1. Leverage pre-tax savings. Take advantage of opportunities to set aside income on a pre-tax basis. This includes; Participation in your employer’s retirement savings program. Fully funding Health Savings Accounts […]
Read moreIn May, the IRS released Notice 2020-32 announcing that businesses would not be able to deduct otherwise allowable expenses that were paid in connection with a forgiven Payroll Protection Program (PPP) loan. After this notice was released, additional questions remained. Mainly, would businesses be allowed to deduct PPP related expenses on 2020 tax returns if […]
Read moreDue to the effects the pandemic has had on organizations, auditors, accountants, and financial statement preparers need to brush up on the existing going concern requirements to be ready to address those situations. There will likely be few exceptions where organizations do not have some amount of doubt about events and conditions being present that could indicate a going concern problem.
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