Federal Reserve appears set to keep interest rates low for longer periods
September 1, 2020 In a major policy shift, the Federal Reserve recently announced it will not raise interest rates to combat incoming inflation just because the unemployment rate is low. While emphasizing the importance of a strong labor market, the chair of the Federal Reserve, Jerome H. Powell, said the Fed will tolerate slightly faster […]
Congress Approves New Coronavirus Stimulus Package
After months of negotiations, the U.S. House of Representatives and the U.S. Senate voted last night to approve a new stimulus package, as part of a larger $2.3 trillion appropriations bill to fund the Federal Government for fiscal year 2021. The new stimulus package will provide much-needed relief to millions of Americans, whose businesses and […]
Register Today for December Webinars!
Stay up-to-date on all the changes that took place during 2020 with our year-end accounting and tax update webinars, plus a special Covid-19-related update webinar. Register below! Covid-19 Year-End Update Year-end update on PPP, the latest on loan forgiveness, and other Covid-19 related programs. Thursday | December 10, 2020 from 10:00-11:00am [su_button url=”https://register.gotowebinar.com/register/7099155565632590603″ target=”blank”]Register[/su_button] […]
IRS Issues New Guidance on Non-deductibility of PPP-related Expenses
On November 18, 2020, the U.S. Treasury Department and Internal Revenue Service (“IRS”) issued new guidance clarifying the income tax treatment of expenses, when a Paycheck Protection Program (“PPP”) loan has not been forgiven by the end of 2020. This guidance provides additional clarification related to Notice 2020-32 issued earlier this year by the IRS […]
Watch “U.S. Expansion Through Acquisition” Webinar Now
If you couldn’t join us for our highly-anticipated “U.S. Expansion Through Acquisition” webinar on Nov. 19th, you can watch and listen to the webinar here. Cross-border and M&A experts Jim Frank, CPA, and Mark Ferm, CPA, respectively, share with you how they help businesses successfully establish or expand their footprint into the U.S. through acquisition. […]
New – Fall 2020 Issue Small Business Newsletter & Annual Payroll/1099 Update
We’re pleased to present the new Fall 2020 Issue of our Small Business Newsletter, along with our annual Payroll/1099 Update.
Why U.S. Corporate Structure is So Critical
As we truly partner with our clients, we work hard to provide solutions beyond the obvious and the ordinary. This happens by working with our clients closely to identify areas of opportunity and improved business strategies. Some solutions are quick and easy and others require us to roll up our sleeves to find the right […]
Federal Judge Orders SBA to Release Detailed Borrower Information
Updates December 1, 2020 | The U.S. Small Business Administration (SBA) released detailed PPP and EIDL borrower information for all loans pursuant to a court order, after a Federal judge lifted the temporary stay it granted the SBA in November, after the agency lost a FOIA case brought by various national news organizations. Detailed information […]
Complimentary Webinar: U.S. Expansion Through Acquisition
Learn from our experts, Jim Frank, CPA, Cross-border partner, and Mark Ferm, Mergers & Acquisitions partner, how you can maximize your expansion into the U.S. Acquiring an existing business is one of the fastest ways to build your presence in the U.S. Making sure you are doing it correctly, from the very beginning, is critical […]
SBA Simplifies Forgiveness for Borrowers with PPP Loans of $50,000 or Less
On October 8, 2020, the U.S. Small Business Administration (“SBA”) posted a twenty-fifth Interim Final Rule on Additional Revisions to Loan Forgiveness and Loan Review Procedures Interim Final Rules. This Interim Final Rule supplements previously posted interim final rules for the Paycheck Protection Program (“PPP”) by providing additional guidance concerning (1) the forgiveness and loan […]