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PA Unemployment Compensation Covid-19 Relief

On March 27, Governor Tom Wolf signed Act 9 of 2020, significantly amending Pennsylvania Unemployment Compensation (UC) Law. Here’s a summary of

IRS Guidance Provided on the Silo of CARES Act NOLs

Enacted as part of the Tax Cuts and Jobs Act in 2017, Section 512(a)(6) of the Internal Revenue Code (IRC) provides that an exempt organization subject

Additional Guidance and Relief for Opportunity Zones from the IRS

As the country begins to (somewhat) return to normal, real estate investors involved in both qualified opportunity funds (QOFs) and qualified opportunity

Individual Tax Planning Under COVID-19

Since mid-March, we have been in unprecedented times due to the COVID-19 Pandemic. The country has been shut down for more than two months and only now

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Cash Flow and Liquidity Planning Opportunities

The quote “cash is king” has never been truer than in the first half of 2020. The COVID-19 pandemic has thrust cash flow and liquidity planning

House Democrats Release Details of Proposed HEROES Act

This article contains information that is current as of mid-day May 14, 2020. Check back soon for updated information on the HEROES Act. On May 12, House

Pennsylvania EITC Applications Open May 15

The application process for Education Improvement Tax Credits (EITC) opens on May 15 for businesses in year two of their contribution commitment and for

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.

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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,

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