Watch Now: Briefing on President Trump’s Four Executive Orders
Tom Alvarez explains four executive actions that were issued by President Trump over the weekend.
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Runway to Recovery: Laying the Groundwork for Post-COVID Portfolio Management and Value Creation
The private equity industry has found itself in a unique position resulting from the aftermath of COVID-19. With limited access to federal assistance relief and unclear eligibility guidelines, PE firms and their portfolio companies have had to get creative in harnessing strategies to minimize disruptions and maintain business continuity. Now that the United States has…
SBA Issues 23 New PPP FAQs
On August 4th, the U.S. Small Business Administration (SBA) released additional guidance regarding forgiveness of Paycheck Protection Program (PPP) loans. In consultation with the U.S. Department of the Treasury, the SBA added 23 new questions to their PPP FAQ page. The SBA sorts the new loan forgiveness FAQs into the following four categories: General Guidance…
Employers, Don’t Miss Out on the Work Opportunity Credit
The Taxpayer Certainty and Disaster Tax Relief Act of 2019 extended the Work Opportunity Tax Credit (WOTC) allowing employers who are willing to help disadvantaged individuals to benefit from a substantial federal tax credit. The WOTC is typically worth up to $2,400 for each eligible employee, but it can be worth up to $9,600 for…
5 Reasons Borrowers Shouldn’t Rush Their PPP Forgiveness Applications
Many businesses that received aid through the Paycheck Protection Program and are now worried about meeting the loan forgiveness requirements. While business owners may be anxious to apply for forgiveness, there are several important factors affecting the forgiveness application process. In this article by the American Institute of Certified Public Accountants, they explain why borrowers…
Corporate Finance Insights: US PE Middle Market Deals Update – Q1
Despite the influence of COVID-19, Q1 middle market deal flow kept pace with 2019. This is largely because most of the deals that closed in the quarter were already negotiated before the full impact of the pandemic had been felt. Although the lower middle market deal sizes declined, PEs used add-ons in a greater capacity.…
Tax Effects of a Business Making a Charitable Contribution
Charitable contributions are generally allowed as part of an individual’s itemized deductions on his or her income tax return, while a business expense deduction generally isn’t allowable for a contribution made to a charitable organization. However, the IRS recently issued proposed regulations saying that if a taxpayer’s trade or business makes a contribution to a…
Healthcare Insights: Answers to Your Most Frequently Asked Questions on Accounting, Audit and Compliance Issues Related to COVID-19
At A Glance Providers continue to focus most on the critical patient implications of COVID-19, but they must also consider questions about the broader implications for their business. In the face of further uncertainty ahead, healthcare leaders can take steps now to mitigate the impacts of the pandemic on their business so that they can…
Digital Transformation: Begin with Cybersecurity in Mind
All too often companies move to digitally transform data without a strategic or proactive approach to cybersecurity and data privacy. As a result of the COVID-19 pandemic, there has been a dramatic, sudden, and unexpected increase in people working, learning, teaching, and consulting from home. This largely unplanned transition from office-based and school-based network access…
Unique IRA Opportunities for 2020
As bad as it has been financially for many individuals, 2020 does provide some unique tax opportunities for those who have traditional IRA accounts. These range from converting traditional IRAs to Roth IRAs, retirees making larger-than-normal IRA withdrawals and the decision whether to take advantage of the required minimum distribution suspension for 2020. Let’s look…