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With the issuance of the final Tax Regulations on qualified opportunity zones (QOZ), taxpayers who have Section 1231 gains that…

Len NittiJanuary 28, 2020

On Thursday, March 11, President Biden signed the American Rescue Plan Act of 2021 (“the Act”) into law. In addition…

Last week, a bipartisan group of senators introduced a bill that would retroactively reinstate the Employee Retention Credit (“ERC”) for…

The Consolidated Appropriations Act of 2021 (“CAA”) that was passed into law contains important changes to the Paycheck Protection Program…

Darko NaumoskiJanuary 12, 2021

The SBA has previously stated that PPP Loans over $2 million, including affiliates, would be under much more scrutiny. In…

Dan FiorentinoNovember 11, 2020

Below is a list of 8 actions we believe business owners should evaluate during this current crisis in order to…

On December 27, 2020, President Trump signed the Consolidated Appropriations Act, 2021 (“CAA”) into law. The CAA contains both the…

On March 1, the IRS issued Notice 2021-20 which provides guidance on how to treat wages that may be eligible…

The Internal Revenue Service (IRS) has recently issued Notice 2021-49 which provides some answers to questions that have been raised…

The New Jersey Division of Taxation (the Division) recently announced that it will be lifting the temporary nexus rules that…