As the November elections approach, you might want to know what the two front-running presidential candidates’ tax plans for the future are. The following is an overview of their positions, at least what is known now. However, the political and economic landscapes can change, and there is no assurance these plans won’t be revised or…
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.…
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…
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…
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…
While it’s absolutely true that the ongoing COVID-19 pandemic has created significant challenges for small and large businesses alike, there are also some changes happening that can be viewed as less negative. Behaviors have changed during the Coronavirus outbreak, and some of these could end up being positive for small businesses in particular moving forward.…
On March 27th, President Trump enacted the Coronavirus Aid, Relief, and Economics Security (CARES) Act. The historic $2.2 trillion stimulus bill includes a $349 billion paycheck protection program (PPP) that targets aid to small businesses dealing with losses resulting from the coronavirus pandemic. The PPP uses the already-existing small-business loan framework of the Small Business…
Many of you are aware of and watching the status of the next Coronavirus aid package that will provide $2 Trillion of aid. Both chambers of Congress have now approved the legislation. The bill now moves to President Trump where it is expected to be signed into law. As this develops, we will keep you…
Treasury Secretary Steven Mnuchin announced in a tweet “We are moving Tax Day from April 15 to July 15. All taxpayers and businesses will have additional time to file and make payments without interest or penalties.” In guidance issued earlier in the week, only payments (including the 1st quarter estimate payment) were included in the…
While the Coronavirus Aid Bill signed on Wednesday addresses and funds many items, including Healthcare, Nutrition, and Testing, the focus on this summary is the tax related matters that may impact you and your employees. If you are experiencing any of the items below we will assist you with claiming the payroll tax credits and…