New Guidance on Employee Retention Credit
On March 2, 2021, the U.S. Department of the Treasury (Treasury) and IRS released Notice 2021-20 (Notice), which provides guidance on the Employee Retention Credit (ERC) under the Coronavirus Aid, […]
Category: Articles
The Ugly Side of the Precious Metals & Stones Industry
All that glitters isn’t gold. This includes gold — and other precious metals, stones, and jewels that are sometimes used to launder the “dirty” proceeds of criminal activities such as […]
Launching a small business? Here are some tax considerations
While many businesses have been forced to close due to the COVID-19 pandemic, some entrepreneurs have started new small businesses. Many of these people start out operating as sole proprietors. […]
Updated PPP Rules and New Forms
In February, several changes were made to the Paycheck Protection Program (PPP). On March 3, 2021, the Small Business Administration (SBA) released an interim final rule (IFR) providing guidance on […]
Medicare Accelerated and Advanced Payment Recoupment
Did your facility apply for and receive Medicare Advanced Payments in March or April, 2020? If you answered “YES”, your Medicare Remittance advices will begin to show the recoupments one […]
Rebuilding Your Nonprofit’s Operating Reserves
Events of the past year put a dent in many not-for-profit’s reserves. Perhaps you tapped this stash to buy personal protective equipment or to pay staffers’ salaries when your budget […]
Deepfakes: The Newest Frontier in Fraud
Fraud perpetrators are constantly altering their methods to evade detection. Nimble cybercriminals, for example, are why IT security companies update their software so frequently. The use of deepfakes (a word […]
Work Opportunity Tax Credit extended through 2025
Are you a business owner thinking about hiring? Be aware that a recent law extended a tax credit for hiring individuals from one or more targeted groups. Employers can qualify […]
PPP Update: Rules Change To Reach Small Businesses
The Small Business Administration (SBA) has established an exclusive PPP loan application period for businesses and nonprofits with fewer than 20 employees. This will give lenders and community partners more time […]
How to Recover From Nonprofit Fraud
Thousands of not-for-profit organizations fall victim to embezzlement schemes every year — some even losing millions of dollars. But losses go beyond actual dollar amounts. The hit to a group’s […]
Fraud Still Matters When Making Business Acquisitions
The COVID-19 pandemic has often made the due diligence process for business acquisitions more complex and time-consuming. But if you’re buying a company, it’s critical to dedicate your full attention […]
Running a Business From Home? Get Home Office Tax Deductions
During the COVID-19 pandemic, many people are working from home. If you’re self-employed and run your business from your home or perform certain functions there, you might be able to […]
