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Hot Topics / Insights

Employers Previously Ineligible for the ERC Due to PPP Loans May Be Eligible to Claim Payroll Tax Refunds

Berdon Tax Team 3.9.21 | Client Alert Last week, the Internal Revenue Service (IRS) issued Notice 2021-20, which provides information for employers claiming both the Employee Retention Credit (ERC) and […]

COVID-19 Economic Injury Disaster Loan (EIDL): Key Facts and Figures

Joseph Most 02.25.21 | Client Alert The Small Business Administration (SBA) is currently accepting new Economic Injury Disaster Loan (EIDL) applications from all eligible small businesses. Please see our collection […]

Retirement Plan Relief for Major Disasters

Sanford Stolar and Wynel Maitland 1.28.21 | Client Alert The Consolidated Appropriations Act, 2021 (CAA) provides temporary relief for retirement distributions and loans made to “qualified individuals.”  While these relief provisions […]

New York Governor Releases Fiscal Year 2022 Budget

Sarah Kim and Ken Maeng 1.27.21 | Client Alert Governor Andrew Cuomo has unveiled his Fiscal Year 2022 budget that proposes legislation (the “Budget Bill”) to respond to the economic […]

The Consolidated Appropriations Act, 2021 – A Summary of Individual Tax Provisions

Melissa Abbott, CPA, J.D., Shikha Patel, J.D., Merrick Shukan, CPA, MST, Mona Loong, MBA, and Veronique Horne, J.D. 1.26.21 | Client Alert The Consolidated Appropriations Act, 2021 (CAA), which was […]

Market-Based Sourcing vs. Cost of Performance for Apportioning Receipts from Services

State and Local Tax Team 1.22.21 | Client Alert Market-based sourcing is now a ubiquitous method for state income tax apportionment of receipts earned from the performance of services. In […]

CAA 2021 Provides Extended and Expanded Business Relief Options

By Quentin Marchal, LL.M. 1.21.21 | Client Alert – COVID-19 Update Recognizing the ongoing national uncertainty as we enter a 2nd year with COVID-19, the Consolidated Appropriations Act, 2021 (CAA […]

Stimulus Allows Employee Retention Credits to be Taken with PPP Loans

Berdon Tax Team 1.20.21 | Client Alert Employers have a new opportunity to claim the Employee Retention Credit (“ERC”) even if Paycheck Protection Program (“PPP”) loans are taken. The Coronavirus […]

You Mean I Can Fully Deduct My Business Meal?

Sanford Stolar, CPA and Jessica Woolley, CPA 1.19.21 | Client Alert The Tax Cuts and Jobs Act (TCJA) brought about new tax rules and regulations for tax deductions related to […]