Tax Accounting/Provision Considerations Due to COVID-19
In the midst of the COVID-19 pandemic and the tax law changes within the CARES Act, companies are starting to consider the impact to their financial statements.
Deductions Disallowed for Expenses Related to Payroll Protection Program Loan Forgiveness
On April 30, 2020 the IRS released Notice 2020-32 (the Notice) answering a major tax question involving the Paycheck Protection Program (PPP); understandably,
Amended Regulation Provides Relief for Importers amid the COVID-19 Crisis
Importers, like many other businesses, have faced a severe decline in revenues in the last three months. This decline is due, in large part, to the federal,
Pennsylvania Education Tax Credits and COVID-19
The contribution deadline for Pennsylvania’s popular Educational Improvement Tax Credit (EITC) program has been extended due to the COVID-19 pandemic.