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Revenue Procedure 2020-20 outlines short-term relief to individuals who did not anticipate meeting the “substantial presence test” to become residents of the U.S. for federal income tax purposes as a result of travel and related disruptions, potentially impacting an individual’s qualifications for certain treaty benefits.

Many asset managers are considered small businesses or are sole proprietorships, and therefore there are various programs under the CARES Act that they may qualify for.

The COVID-19 outbreak has made it such that revenue is down significantly or totally gone. The way we work and live is changing, now and for the future. This article outlines three steps you can take to make your business more resilient including cloud accounting.

Upon the passage of the CARES Act, small businesses, including not-for-profit organizations, began the process of applying for forgivable loans through the Paycheck Protection Program. This article shines a light on several questions regarding whether the PPP Loans and other CARES Act funding (and the use of those funds) are subject to a Single Audit.

Revenue Procedure 2020-25 provides much needed guidance for taxpayers on how to make certain adjustments resulting from the recent CARES Act. This article examines that guidance, and what it can mean for taxpayers.

A discussion of U.S. alternative investment managers raising capital from European Union (E.U.) investors.

This article focuses on techniques and points to ponder when managing employees remotely.

The CARES Act allows employers to defer the deposit and payment of the employer’s share, for a certain period, Social Security tax that would otherwise be required to be made. Self-employed individuals can similarly defer the payment of 50% of the social security tax imposed.

The SBA issued another round of guidance with respect to the PPP. The ruling primarily addresses the calculations of payroll costs and loan forgiveness with respect to self-employed individuals, including partners in a partnership.

As businesses scramble to assess working capital needs and secure short-term liquidity, the topic of fraud is likely one of the last items on a laundry list of critical concerns. Unfortunately, history has proven that in times of economic downturn, the risk of fraud is increased.

A conversation with Russell Greenberg of Altus Capital Partners about the outlook for investment in the manufacturing sector.

New Jersey Governor Phil Murphy has signed a number of executive orders to assist the state in preparing for and responding to the public health hazard posed by COVID-19. New Jersey manufacturers, just like many other industries and services, have had to change the way they operate.

The IRS issued two releases of importance to real estate businesses in the aftermath of the CARES Act – one impacting IRC Sec. 1031 “like-kind” exchanges and qualified opportunity funds (“QOFs”) and the other addressing the business interest deduction limitation under IRC Sec. 163(j).

An overview of the Paycheck Protection Program designed for small businesses adversely impacted by COVID-19, including key dates, qualifications, forgiveness and more.

The IRS has provided guidance to taxpayers waiting to claim refunds resulting from changes to net operating loss (“NOL”) carryback and minimum tax credit rules under the CARES Act.

For many of us, working from home is the current protocol. It’s critical to note that there are layers of security that exist while in an office that we may be taking for granted in our new normal.

The COVID-19 crisis has turned technology industry entrepreneurs’ worlds upside down in the last two months, and management teams have focused on workforce issues, supply-chain disruption, liquidity concerns and COVID-19 funding programs under the CARES Act.

The IRS released Notice 2020-23 on April 9, 2020, substantially broadening the deadlines being postponed as a result of the COVID-19 pandemic. The highlights of the Notice are highlighted in this article.

The IRS has issued Revenue Procedure 2020-23, which provides “eligible BBA partnerships” with the option to file an amended partnership return for 2018 or 2019 (the “Applicable Years”) and issue amended Schedules K-1 to allow partnerships to more promptly benefit from the relief intended by the CARES Act.

IRS Notice 2020-23 provides that retirement and welfare plans with a Form 5500 original or extended filing deadline falling on or after April 1, 2020, and before July 15, 2020 will now have until July 15, 2020 to file.