Coronavirus (COVID-19) Knowledge Center

EisnerAmper’s COVID-19 Knowledge Center offers a wealth of guidance, pronouncements and other valuable content to help you both minimize possible business interruptions as well as leverage various stimulus programs to help you with liquidity issues. The Center is staffed by EisnerAmper’s COVID-19 Response Team featuring a cross-section of EisnerAmper experts providing the most comprehensive and timely information possible. To further assist clients with this (and future crises) the firm continues to deploy leading-edge technology that is robust, secure, flexible and can be accessed remotely by our staff to maintain the utmost level of service to which our clients are accustomed. EisnerAmper is there for you during these uncertain times, and we assure you that our commitment to our clients and communities remains strong and focused.

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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.

Blogs April 09, 2021 ERC -- Full or Partial Suspension of Trade or Business Operation

When a business is required to suspend operations by a governmental order, the taxpayer clearly qualifies for the ERC -- but what about those businesses that are allowed to operate during a governmental shut-down due to being deemed essential?

Blogs April 09, 2021 IRS Notice 2021-23: Yet More Guidance for the Employee Retention Credit

A look at the latest guidance from the IRS relative to the Employee Retention Credit (ERC).

Blogs March 30, 2021 Protect Yourself Against PPP Loan Fraud

The PPP has become a target for fraudsters through (1) fraud in the attainment of funds; (2) fraud due to the misuse of proceeds; and (3) fraud in the forgiveness application.

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…

Blogs March 25, 2021 Employee Benefit Plans Under the Consolidated Appropriations Act

The 2021 Consolidated Appropriations Act (“CAA”) includes various provisions related to retirement plans, including plan terminations, retirement disaster relief and more.

Articles March 18, 2021 IRS Extends Individual Filing Date to May 17

The IRS announced that it is extending the federal income tax filing date for individuals for the 2020 tax year to Monday, May 17, 2021.

Articles March 17, 2021 The American Rescue Plan Act of 2021—A Tax Summary

President Biden signed into law the American Rescue Plan Act of 2021, a legislative package intended to address the impact of the coronavirus pandemic over the past year. This article covers specific tax provisions of the Act.

Articles March 15, 2021 Fraud in the Age of Coronavirus – What to Do When the SBA Knocks at the Door

Imagine that your borrower’s organization has submitted its loan PPP forgiveness application. Forgiveness has been approved by the lender, and now your borrower is awaiting final sign off and approval from the SBA. Then your borrower receives an emai…