Articles April 13, 2021 IRS Notice 2021-25: Temporary 100% Deduction for Business Meal Expenses

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.

Articles April 12, 2021 The Cannabis Industry and Cash Fraud Vulnerability

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.

Articles April 12, 2021 President Sends 2022 Discretionary Funding Request to Congress

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…

Articles April 12, 2021 QOZ Alert: New York Decoupling from Deferral of Tax for Capital Gains

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.

Articles April 05, 2021 The Biden Infrastructure Proposal – The Tax Plan Within

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

Articles March 31, 2021 IRS Formalizes 2020 Individual Tax Filing Extension

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.

Articles March 29, 2021 Outsourced Accounting: A Quick Reference Guide

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.

Articles March 25, 2021 Let’s Keep Those Provider Relief Funds!

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…

Articles March 24, 2021 Property Accounting: The New Frontier for Real Estate Back Office Outsourcing

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