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COVID-19

Senate Approves Additional PPP and EIDL Funding

On Tuesday, April 21st the Senate passed the Paycheck Protection Program and Health Care Enhancement Act (“PPP & HCE Act”).…

Dan FiorentinoApril 22, 2020

COVID-19

Partners’ Self-Employment Income Now Qualifies as “Payroll Costs” for PPP Loans

The Small Business Administration issued additional guidance on April 14th, titled Interim Final Rule – Additional Eligibility Criteria and Requirements…

Len NittiApril 15, 2020

COVID-19 Individual Tax

Paycheck Protection Program Flexibility Act of 2020

The House of Representatives’ highly anticipated bill, the “Paycheck Protection Program Flexibility Act of 2020,” was passed by the Senate…

Dan FiorentinoJune 4, 2020

COVID-19 Individual Tax

Key Facts Regarding the ‘Paycheck Protection Program’ of the CARES Act

This week* the CARES Act was approved by the Senate and is anticipated to be approved by the House and…

WilkinGuttenplanMarch 27, 2020

Articles International Commerce Group International Tax

IRS Enforcing IRC Section 965 Compliance

As part of tax reform initiatives in 2017, Section 965 of the Tax Cut and Jobs Act (TCJA) requires that…

WilkinGuttenplanNovember 3, 2020

COVID-19 International Commerce Group International Tax

The SBA Issues Guidance for Multinational PPP Applicants

The U.S. Small Business Administration (SBA) issued additional guidance on May 18, 2020, clarifying how employees of foreign affiliates are…

Vinay NavaniMay 19, 2020

Articles State and Local Tax

Illinois Enacts Significant Tax Changes For Businesses and Individuals

Summary On June 5, 2019, Illinois enacted its 2019 budget bills that result in wide-ranging changes to Illinois tax laws,…

WilkinGuttenplanAugust 14, 2019

Business Tax COVID-19 State and Local Tax

Three Northeast States Announce COVID-19 Tax Relief

Three states in the Northeast – Connecticut, Maryland, and Massachusetts – are among the first states to formally announce tax…

Meg ChesleyMarch 18, 2020

COVID-19 State and Local Tax

New Jersey COVID-19 Update on Potential Tax Relief

The New Jersey State Assembly has passed a bill to potentially provide tax relief to New Jersey taxpayers due to…

Len NittiMarch 18, 2020

COVID-19 State and Local Tax Tax Services

California Announces COVID-19 Tax Relief

The California Franchise Tax Board (FTB) announced on Friday that taxpayers affected by the COVID-19 pandemic will be granted an…

Meg ChesleyMarch 16, 2020