Does your company hold at least $1 million of inventory? Is there cost inflation in your inventory components? If so, you may be a good candidate to use the LIFO…
PPP Update: Recent IRS Guidance on Tax Deductibility Disappoints, but Congress Appears Likely to Intervene
Guidance released by the IRS on November 18, 2020 affects taxpayers who have received Payroll Protection Program (PPP) loans. Unfortunately, at least for the time being, the guidance has dashed…
Form 1099 Changes for Tax Year 2020: Is Your Business Prepared?
Taxpayers have experienced many changes this year, thanks to the COVID-19 pandemic. As 2020 draws to a close, there is one more area of change that may be lower profile,…
2020 Year-End Tax Planning Guide
We thought we knew what was in store for 2020 – continued regulatory interpretation and clarifications around tax reform, and education for individuals and business owners on the tax and…
RKL Video Update: New Guidance on Employee Payroll Tax Deferral Implementation
On August 28, 2020, the IRS issued guidance on the employee payroll tax deferral included in the president’s executive memorandum earlier that month. The guidance clarified that the deferral is…
