Published Articles & Alerts

2020 Election Tax Watch: Comparing the Presidential Candidates’ Potential Tax Policies

October 26, 2020

The U.S. presidential election is just a week away, yet neither candidate has released a formal, detailed plan addressing his vision for the tax code. We can, however, gain a sense of how their approaches differ through casual mentions of some aspects of tax policy on the campaign trail.View

Scary Cyber Stories: Lessons from the Field (Part 2)

October 20, 2020

Cyber and information security breaches have been on the rise for the past several years, but due to the COVID-19 pandemic, such events have accelerated. With increased remote work and high employee stress levels, cyber criminals are taking advantage of vulnerabilities.View

Scary Cyber Stories: Lessons from the Field (Part 1)

October 14, 2020

Cyber and information security breaches have been on the rise for the past several years, but due to the COVID-19 pandemic, such events have accelerated. With increased remote work and high employee stress levels, cyber criminals are taking advantage of vulnerabilities.View

Accounting Method Options for the Paycheck Protection Program Loan and Loan Forgiveness

October 7, 2020

Here is a summary of the various PPP loan accounting options for contractors, listed in order of those we recommend utilizing.View

Carlo R. Ferri and Thomas M. Frascella Participating in PICPA Virtual Annual Construction Industry Conference

September 25, 2020

Join the PICPA for this Virtual Annual Construction Industry Conference. This conference will provide updates on accounting practices as well as management techniques that maximize profit and minimize financial risks in the construction industry.View

IRS Issues Additional Details on Payroll Tax Deferral, But Many Questions Remain

September 1, 2020

Today marks the first day that employers can begin withholding the 6.2 percent employee share of Social Security taxes. However, many employers may opt to forgo adoption given that there are still more questions than answers about how the process will work.View

New SBA Interim Final Rule Limits Related Party Rent and Clarifies the Owner-Employee Threshold

August 26, 2020

The Small Business Administration (SBA), in conjunction with the Treasury, has issued a new Interim Final Rule (IFR) that provides more details around the loan forgiveness aspect of the Paycheck Protection Program (PPP).View

The Payroll Tax Holiday Could Lead to an Unpleasant 2021 Surprise for Your Employees

August 24, 2020

On August 8, President Trump signed a number of executive orders after Congress was unable to reach an agreement on the next round of pandemic assistance legislation. One of these orders was a memorandum to the Secretary of the Treasury entitled “Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster.”View

Your Company’s Cyber Vigilance Should Be on High Alert During the COVID-19 Pandemic

August 21, 2020

Here are five action steps that your company should take to ensure increased cyber readiness and resilience capabilities have been put in place.View

SBA Issues New Guidance on PPP Loan Forgiveness

August 5, 2020

The Small Business Administration has released a new round of answers to frequently asked PPP loan forgiveness questions. While many questions remain unanswered, the new FAQs do address some of the questions we routinely field from borrowers.View