Articles

IRS Notice 2021-25 provides guidance on the temporary 100% deductibility for food or beverages provided by a “restaurant” -- temporary in that it only applies to expenses that are paid or incurred after December 31, 2020 and before January 1, 2023.

The rapidly growing cannabis industry can be especially vulnerable to cash fraud activities such as larceny, skimming and fraudulent disbursements. Thus, proper internal controls and training become even more critical for a cash-heavy business.

This article gives an overview of President Biden’s 2022 Discretionary Funding Request, which includes $769 billion for non-defense discretionary spending, a 16% increase over amounts enacted for FY 2021. The request is intended to get non-defense di…

The New York State Budget bill currently before Governor Cuomo for signature has a provision repealing the deferral of tax for capital gains invested in qualified opportunity funds (QOFs) effective January 1, 2021.

An overview of the Biden Administration’s $2.25 trillion infrastructure proposal.

The IRS, in Notice 2021-21, has formalized a previous release extending the federal income tax filing due date for individuals for the 2020 tax year to May 17, 2021. This article also highlights additional details of the tax filing extension.

A reference guide on what outsourced accounting is, how it can help your business, what you should look for in a provider, and the budgetary impact.

During 2020, the federal government allocated $175 billion, through their Provider Relief Fund (PRF) Program, to health care providers. That much-needed federal government cash infusion to organizations in the health care industry comes with addition…

Outsourcing back office functions has become commonplace, and property accounting is an additional outsourcing opportunity in the real estate sector across property types.