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Coverage of Revenue Procedure 2021-20 and its safe harbor for taxpayers that received a loan pursuant to the PPP and did not deduct certain otherwise deductible expenses paid or incurred.

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.

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?

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

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.

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 additional responsibility.

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

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.

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.

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 email: “The SBA has chosen your PPP loan for audit.”

This post includes a high-level summary of provisions in ARPA that could directly and indirectly benefit real estate owners.

A quick overview of the American Rescue Plan Act of 2021 (“ARPA”), a massive legislative package intended to further address the impact of the coronavirus pandemic over the past year.

Residential buyers should always take the necessary time to do their homework to help protect the value of their investment and mitigate unforeseen risks.

On March 3, 2021, the SBA issued an interim final rule that may lead to larger PPP loans for many sole proprietors, self-employed individuals and independent contractors, particularly those with little or negative net profit.

IRS Notice 2021-20 provides guidance for the Employee Retention Credit, including eligibility, how to claim the credit, interaction with PPP loans, and more.

An update on the proposed third round of federal stimulus payments including timing, eligibility, dependents and more.

When the PPP was rolled out in April of 2020, the insurance industry, like many others, took advantage of the potentially forgivable loans it made available. This article discusses the treatment in the statutory financial statements.

EisnerAmper CEO Charly Weinstein was a recent guest on iHeartRadio’s CEO Unplugged discussing a wide-range of topics including the impact of the pandemic on the accounting sector, technology, as well as the firm’s culture and what sets it apart.

This article provides an overview of how the new and improved (refundable) ERC -- a fully refundable payroll tax credit for employers -- is now available to a broad cross section of companies, with the potential for millions in savings on payroll taxes.

Commercial office use utilization due to the pandemic could impact tenants’ annual reconciliations of Common Area Maintenance (“CAM”) expenses for 2020.