Blog

Add SOC Reports to your Due Diligence Checklist

For any investor evaluating a company’s viability, CEO considering expansion, or business leader trying to demonstrate transparency, the Systems and Operational Control (SOC ) report is an often overlooked tool to assess the health and

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A New Phase in Residency Audits

New Florida residents or others considering a move to the Sunshine State (or other states with no personal income tax) from New York should not be surprised to learn that the New York Department of

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Individual Tax Deadline Extensions

Many states are extending individual tax due dates to conform with federal due dates. Download our helpful chart to help you keep track! Specific state rules are updating frequently and tax filing decisions should be

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Year-end tax planning on laptop

Tax & Accounting Guidance for PPP Loans

The US government’s response to COVID -19 included massive stimulus funding along with cumbersome and rushed guidance that confused even the most conscientious business owner. With another round of stimulus on the table, businesses that

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Trust but Verify Your 401K Benefit Plan

In today’s increasingly-virtual world, businesses that offer employee benefit plans regulated by The Employee Retirement Income Security Act of 1974 (ERISA) must have updated policies and procedures for electronic handling and transfer of private and

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2020 taxes: More changes and opportunities

As individual income tax preparation kicks off, new laws are causing confusion and adding complexity — all while trying to provide economic relief. Economic Impact Payments (known as stimulus checks) received in 2020 and/or 2021

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PPP Loan Update

We are getting a lot of calls and emails from clients about the new round of PPP Loans and about forgiveness of the first round. Certain banks are opening portals this week and more will

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A Boon for Real Estate Professionals

Real estate professionals listen up. The 2020 CARES Act enables you to generate losses that can result in significant tax savings. You qualify as a Real Estate Professional (REP) if you can demonstrate 750 hours

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Year-end tax planning on laptop

2020 Year-End Tax Planning

To Our Clients and Friends: 2020 has certainly been an interesting year! Between COVID-19 and the election there has been an enormous amount of uncertainty. With the end of the year approaching, tax planning is

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