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Significant Tax Changes for New York Under 2022 Budget

The recently passed New York State 2022 fiscal budget legislation includes changes to corporate franchise tax, personal income tax, sales…

WilkinGuttenplanJune 24, 2021

Articles COVID-19 Healthcare Professionals & Practices

HHS Provides Revised Reporting Requirements for Provider Relief Fund Payments

The U.S. Department of Health and Human Services (HHS), through the Health Resources and Services Administration (HRSA), released the revised…

WilkinGuttenplanJune 17, 2021

Articles Life Sciences & Pharma

Revenue Recognition for Pharmaceutical Companies: Gross to Net and ASC 606

The Financial Accounting Standards Board’s (“FASB”) revenue recognition standard titled Revenue from Contracts with Customers, commonly referred to as ASC 606,…

Maria MauricioJune 8, 2021

Articles Life Sciences & Pharma

Tax Planning Strategies for Export Companies

The current tax laws contain potential benefits available for US companies that export their goods. The interest-charge domestic international sales…

April PengMay 15, 2021

Articles Business Tax COVID-19 Individual Tax Tax Services

Tax Provisions of the American Rescue Plan

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

Stephanie HolstonMarch 23, 2021

Articles Business Tax COVID-19

IRS Releases New Guidance on the Employee Retention Credit for PPP Loan Recipients

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

Stephanie HolstonMarch 5, 2021

Articles State and Local Tax

Pennsylvania Announces 90-Day Voluntary Compliance Program

The Pennsylvania Department of Revenue (DOR) recently announced a 90-day voluntary compliance program (the program). The program, which runs through…

Jenna SanfilippoMarch 3, 2021

Articles Community Associations

FAQs for HOAs, Condos, and Co-Ops

Over the last 35+ years our clients have asked us numerous questions to help them navigate the financial complexities of…

WilkinGuttenplanFebruary 23, 2021

Articles Estate and Trust

Did You Know? “Allocating Estimated Tax Payments to Beneficiaries”

Fiduciaries of trusts or final-year estates possess the ability to funnel estimated tax payments made at the trust or estate…

Alexander PisaniFebruary 22, 2021

Articles COVID-19 State and Local Tax

Local States Issue Guidance for Taxation of PPP Loan Forgiveness

After the Federal government finally resolved the issue of the tax-deductibility of expenses paid using the proceeds of a forgiven…

Len NittiFebruary 22, 2021

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