Aug 31, 2020 | Firm Updates, International Tax
The IRS recently announced the issuance of final regulations addressing the treatment of income earned by certain foreign corporations that is subject to a high rate of foreign tax. As we have discussed in a previous blog, the Tax Cuts and Jobs Act of 2017 added a new...
Aug 13, 2020 | COVID-19 Response, Firm Updates, Uncategorized
PPP Loan Forgiveness FAQs The new FAQs are on pages 10 and 11 on the Economic Injury Disaster Loans (EIDL) released August 11, 2020 The SBA will deduct the amount of the EIDL advance from the forgiveness amount the SBA remits to the lender. The lender will be able to...
Aug 10, 2020 | COVID-19 Response, Firm Updates
With proposed relief legislation at a total standstill in Congress, on Saturday President Trump signed an executive order and three memorandums to provide relief amidst the COVID-19 pandemic. The directives seek to temporarily halt payroll tax collection, decrease...