Hot Topics / Insights
March182021
IRS Extends 2020 Individual Tax Filings and Payments to May 17
Ben Westbrook | Director of Tax Operations 3.18.21 | Client Alert The IRS recently announced via a news release that the deadline for the federal income tax filing and payment […]
March112021
More Tax Relief Under 1.9 Trillion American Rescue Plan
By Naya Pearlman, CPA, J.D., LL.M. and Ken Maeng, J.D. 3.11.21 | Client Alert President Biden is expected to sign into law the American Rescue Plan (ARP) Act of 2021. […]
March092021
IRS Makes Favorable Changes to PPP Loan Calculations for the Self-Employed
Joseph Most, J.D. 3.9.21 | Client Alert Last week, the Small Business Administration (SBA) released a new Interim Final Rule (IFR) addressing Paycheck Protection Program (PPP) loan amount calculations for […]
March092021
Employers Previously Ineligible for the ERC Due to PPP Loans May Be Eligible to Claim Payroll Tax Refunds
Naya Pearlman, CPA, J.D., LL.M. 3.9.21 | Client Alert Last week, the Internal Revenue Service (IRS) issued Notice 2021-20, which provides information for employers claiming both the Employee Retention Credit […]
February252021
COVID-19 Economic Injury Disaster Loan (EIDL): Key Facts and Figures
Joseph Most, J.D. and Shayna Byrne, J.D. 02.25.21 | Client Alert The Small Business Administration (SBA) is currently accepting new Economic Injury Disaster Loan (EIDL) applications from all eligible small […]
January282021
Retirement Plan Relief for Major Disasters
Sanford Stolar, CPA and Wynel Maitland 1.28.21 | Client Alert The Consolidated Appropriations Act, 2021 (CAA) provides temporary relief for retirement distributions and loans made to “qualified individuals.” While these […]
January272021
New York Governor Releases Fiscal Year 2022 Budget
Sarah Kim, J.D., LL.M. and Ken Maeng, J.D. 1.27.21 | Client Alert Governor Andrew Cuomo has unveiled his Fiscal Year 2022 budget that proposes legislation (the “Budget Bill”) to respond […]
January262021
The Consolidated Appropriations Act, 2021 – A Summary of Individual Tax Provisions
Melissa Abbott, CPA, J.D., Shikha Patel, J.D., Merrick Shukan, CPA, MST, Amy Joyce, CPA, J.D., Mona Loong, MBA, and Veronique Horne, J.D. 1.26.21 | Client Alert The Consolidated Appropriations Act, […]
January222021
Market-Based Sourcing vs. Cost of Performance for Apportioning Receipts from Services
By Richard Goldstein, J.D. 1.22.21 | Client Alert Market-based sourcing is now a ubiquitous method for state income tax apportionment of receipts earned from the performance of services. In many […]