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…
Recent Insights
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,…
RKL Video Update: New Necessity Questionnaire for PPP Loans above $2 Million
The Small Business Administration (SBA) recently issued two versions of a new questionnaire (one for for-profit borrowers and one for nonprofit borrowers) to gauge necessity as part of its review…
Consider an Earnout to Get a Transaction Done
Rarely do buyers and sellers in an M&A transaction see eye-to-eye on everything. This truth is most apparent in the price negotiation and what is commonly referred to as a…