Tax Update – Deducting Expenses Paid with PPP Funds
Deducting Expenses Paid with Paycheck Protection Program Funds – Where Do Things Stand? A major question being asked by taxpayers that received funds by participating
December 7, 2020
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- Articles
- Industry Updates
- News Releases
- Nonprofit Resources
- Podcast
- Presentations
- Tax Preparation and Planning
- Video Industry Updates
- White Papers
Tax Update – Pennsylvania Requires Electronic Tax Payments for Amounts Greater than $15,000
Any individual who expects to receive more than $8,000 of Pennsylvania-taxable income not subject to ...
Read More →
Tax Update – Pennsylvania e-Tides Completely Replaced by New myPATH Online Services
Starting November 30, 2022, the Pennsylvania Department of Revenue (DOR) online system, e-TIDES, will be ...
Read More →
Compliance Update, Fourth Quarter 2022
Supervisory Guidance on Multiple Re-Presentment Non-Sufficient Funds (NSF) Fees The Federal Deposit Insurance Corporation (FDIC) ...
Read More →
Tax Update – Inflation Reduction Act of 2022 Passed – Includes Stock Buyback Excise Tax and Corporate AMT
On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 (the “IRA”) ...
Read More →
Tax Update – Pennsylvania Passes Corporate Tax Cuts, New Sourcing/Nexus Rules for Intangibles, & Other Major Tax Changes
Governor Tom Wolf has signed the 2022–2023 fiscal year budget and supporting legislation providing significant ...
Read More →
A&A Update – Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions
On June 30, 2022, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2022-03, which ...
Read More →
Tax Update – Pennsylvania Extends Education Tax Credit Use
Pennsylvania has extended the carryforward period for education credits, due to the pandemic. In the event that a business cannot use education credits during the
December 2, 2020
Tax Update – NJ Corporation Business Tax Change
New Jersey Corporation Business Tax Surcharge Retroactively Increased Back to 2.5 Percent New Jersey imposes a surtax on its Corporation Business Tax when taxable income
November 19, 2020
A&A Update – Temporary Relief from FDICIA Requirements for 2021
Many community financial institutions have experienced substantial balance sheet growth during 2020, which has largely stemmed from the Paycheck Protection Program, the Money Market Mutual
October 28, 2020
Compliance Update, Fourth Quarter 2020
Financial Crimes Enforcement Network (FinCEN) Advance Notice of Proposed Rulemaking (ANPRM) to Amend Anti-Money Laundering (AML) Program Requirements On September 17, 2020, FinCEN published an
October 2, 2020
Tax Update – Form 1099-C Not Required for Forgiven PPP Loans
The Internal Revenue Service (IRS) has issued Announcement 2020-12 to inform lenders that they should not file Form 1099-C, Cancellation-of-Debt, information returns or furnish payee
September 23, 2020
A&A Update – Financial Institution Accounting Considerations for PPP Loan Forgiveness and Settlement
Participating lenders in the Paycheck Protection Program (PPP) are beginning to face an influx of forgiveness applications as the 24-week coverage period nears its conclusion.
September 10, 2020
A&A Update – Additional Loan Accommodations Related to COVID-19
On August 3, 2020, bank regulators provided prudent risk management and consumer protection principles for financial institutions to consider while working with borrowers as loans
August 6, 2020
IT Update – Windows Event Monitoring: Configuring Your Program
If you have combed through Windows event logs looking for suspicious activity, you know this needle in a haystack approach is not a very effective
July 28, 2020
A&A Update – Paycheck Protection Program and Health Care Enhancement Act Funding Now Available
The Small Business Administration (SBA) resumed accepting applications for Paycheck Protection Program (PPP) loans at 10:30 yesterday morning after, late last week, Congress passed and
April 28, 2020
Most Popular:
Resources
- All
- Articles
- Industry Updates
- News Releases
- Nonprofit Resources
- Podcast
- Presentations
- Tax Preparation and Planning
- Video Industry Updates
- White Papers
Tax Update – Pennsylvania Requires Electronic Tax Payments for Amounts Greater than $15,000
Any individual who expects to receive more than $8,000 of Pennsylvania-taxable income not subject to ...
Read More →
Tax Update – Pennsylvania e-Tides Completely Replaced by New myPATH Online Services
Starting November 30, 2022, the Pennsylvania Department of Revenue (DOR) online system, e-TIDES, will be ...
Read More →
Compliance Update, Fourth Quarter 2022
Supervisory Guidance on Multiple Re-Presentment Non-Sufficient Funds (NSF) Fees The Federal Deposit Insurance Corporation (FDIC) ...
Read More →
Tax Update – Inflation Reduction Act of 2022 Passed – Includes Stock Buyback Excise Tax and Corporate AMT
On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 (the “IRA”) ...
Read More →
Tax Update – Pennsylvania Passes Corporate Tax Cuts, New Sourcing/Nexus Rules for Intangibles, & Other Major Tax Changes
Governor Tom Wolf has signed the 2022–2023 fiscal year budget and supporting legislation providing significant ...
Read More →
A&A Update – Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions
On June 30, 2022, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2022-03, which ...
Read More →
Tax Update – Deducting Expenses Paid with PPP Funds
Deducting Expenses Paid with Paycheck Protection Program Funds – Where Do Things Stand? A major question being asked by taxpayers that received funds by participating
December 7, 2020
Tax Update – Pennsylvania Extends Education Tax Credit Use
Pennsylvania has extended the carryforward period for education credits, due to the pandemic. In the event that a business cannot use education credits during the
December 2, 2020
Tax Update – NJ Corporation Business Tax Change
New Jersey Corporation Business Tax Surcharge Retroactively Increased Back to 2.5 Percent New Jersey imposes a surtax on its Corporation Business Tax when taxable income
November 19, 2020
A&A Update – Temporary Relief from FDICIA Requirements for 2021
Many community financial institutions have experienced substantial balance sheet growth during 2020, which has largely stemmed from the Paycheck Protection Program, the Money Market Mutual
October 28, 2020
Compliance Update, Fourth Quarter 2020
Financial Crimes Enforcement Network (FinCEN) Advance Notice of Proposed Rulemaking (ANPRM) to Amend Anti-Money Laundering (AML) Program Requirements On September 17, 2020, FinCEN published an
October 2, 2020
Tax Update – Form 1099-C Not Required for Forgiven PPP Loans
The Internal Revenue Service (IRS) has issued Announcement 2020-12 to inform lenders that they should not file Form 1099-C, Cancellation-of-Debt, information returns or furnish payee
September 23, 2020
A&A Update – Financial Institution Accounting Considerations for PPP Loan Forgiveness and Settlement
Participating lenders in the Paycheck Protection Program (PPP) are beginning to face an influx of forgiveness applications as the 24-week coverage period nears its conclusion.
September 10, 2020
A&A Update – Additional Loan Accommodations Related to COVID-19
On August 3, 2020, bank regulators provided prudent risk management and consumer protection principles for financial institutions to consider while working with borrowers as loans
August 6, 2020
IT Update – Windows Event Monitoring: Configuring Your Program
If you have combed through Windows event logs looking for suspicious activity, you know this needle in a haystack approach is not a very effective
July 28, 2020
A&A Update – Paycheck Protection Program and Health Care Enhancement Act Funding Now Available
The Small Business Administration (SBA) resumed accepting applications for Paycheck Protection Program (PPP) loans at 10:30 yesterday morning after, late last week, Congress passed and
April 28, 2020
Most Popular:
Resources
- All
- Articles
- Industry Updates
- News Releases
- Nonprofit Resources
- Podcast
- Presentations
- Tax Preparation and Planning
- Video Industry Updates
- White Papers
Tax Update – Pennsylvania Requires Electronic Tax Payments for Amounts Greater than $15,000
Any individual who expects to receive more than $8,000 of Pennsylvania-taxable income not subject to ...
Read More →
Tax Update – Pennsylvania e-Tides Completely Replaced by New myPATH Online Services
Starting November 30, 2022, the Pennsylvania Department of Revenue (DOR) online system, e-TIDES, will be ...
Read More →
Compliance Update, Fourth Quarter 2022
Supervisory Guidance on Multiple Re-Presentment Non-Sufficient Funds (NSF) Fees The Federal Deposit Insurance Corporation (FDIC) ...
Read More →
Tax Update – Inflation Reduction Act of 2022 Passed – Includes Stock Buyback Excise Tax and Corporate AMT
On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 (the “IRA”) ...
Read More →
Tax Update – Pennsylvania Passes Corporate Tax Cuts, New Sourcing/Nexus Rules for Intangibles, & Other Major Tax Changes
Governor Tom Wolf has signed the 2022–2023 fiscal year budget and supporting legislation providing significant ...
Read More →
A&A Update – Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions
On June 30, 2022, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2022-03, which ...
Read More →
Tax Update – Deducting Expenses Paid with PPP Funds
Deducting Expenses Paid with Paycheck Protection Program Funds – Where Do Things Stand? A major question being asked by taxpayers that received funds by participating
December 7, 2020
Tax Update – Pennsylvania Extends Education Tax Credit Use
Pennsylvania has extended the carryforward period for education credits, due to the pandemic. In the event that a business cannot use education credits during the
December 2, 2020
Tax Update – NJ Corporation Business Tax Change
New Jersey Corporation Business Tax Surcharge Retroactively Increased Back to 2.5 Percent New Jersey imposes a surtax on its Corporation Business Tax when taxable income
November 19, 2020
A&A Update – Temporary Relief from FDICIA Requirements for 2021
Many community financial institutions have experienced substantial balance sheet growth during 2020, which has largely stemmed from the Paycheck Protection Program, the Money Market Mutual
October 28, 2020
Compliance Update, Fourth Quarter 2020
Financial Crimes Enforcement Network (FinCEN) Advance Notice of Proposed Rulemaking (ANPRM) to Amend Anti-Money Laundering (AML) Program Requirements On September 17, 2020, FinCEN published an
October 2, 2020
Tax Update – Form 1099-C Not Required for Forgiven PPP Loans
The Internal Revenue Service (IRS) has issued Announcement 2020-12 to inform lenders that they should not file Form 1099-C, Cancellation-of-Debt, information returns or furnish payee
September 23, 2020
A&A Update – Financial Institution Accounting Considerations for PPP Loan Forgiveness and Settlement
Participating lenders in the Paycheck Protection Program (PPP) are beginning to face an influx of forgiveness applications as the 24-week coverage period nears its conclusion.
September 10, 2020
A&A Update – Additional Loan Accommodations Related to COVID-19
On August 3, 2020, bank regulators provided prudent risk management and consumer protection principles for financial institutions to consider while working with borrowers as loans
August 6, 2020
IT Update – Windows Event Monitoring: Configuring Your Program
If you have combed through Windows event logs looking for suspicious activity, you know this needle in a haystack approach is not a very effective
July 28, 2020
A&A Update – Paycheck Protection Program and Health Care Enhancement Act Funding Now Available
The Small Business Administration (SBA) resumed accepting applications for Paycheck Protection Program (PPP) loans at 10:30 yesterday morning after, late last week, Congress passed and
April 28, 2020