< Return to List

Articles

IASB plans possible new M&A accounting standards
The International Accounting Standards Board began a consultation process Monday in preparation for possible changes in the accounting standards for mergers and acquisitions involving companies within the same group, or in other words, business...
Remote-Work Policies Still in Development: Survey
That many companies’ remote work policies and practices are still a work-in-progress is not a surprise. But in 2021 businesses that don’t figure out things like what extra benefits to offer remote workers and how to pay and manage those workers...
Special $300 tax deduction helps most people give to charity this year – even if they don’t itemize
The Internal Revenue Service today reminded taxpayers of a special new provision that will allow more people to easily deduct up to $300 in donations to qualifying charities this year. Following special tax law changes made earlier this year,...
Working Weekends a Reality for Nearly 7 in 10 Remote Professionals, Robert Half Research Shows
A new study by global staffing firm Robert Half shows employees are working around the clock while at home. Nearly 7 in 10 professionals (68%) who transitioned to a remote setup as a result of the pandemic said they work on the weekend. In...
Governor Lamont Announces Fines for Businesses Violating COVID-19 Rules Increase To $10,000
Governor Ned Lamont today announced that he has signed an Adobe PDF Fileexecutive order increasing the amount that businesses can be fined for violations of the state’s COVID-19 sector rules and capacity limits to $10,000 per violation. The...
The Treasury Department and IRS issue final regulations regarding like-kind exchanges of real property
Today the Treasury Department and Internal Revenue Service issued final regulations PDF relating to section 1031 like-kind exchanges. These final regulations address the definition of real property under section 1031 and also provide a rule...
Voices: Inclusion Matters
2020 has been the most unpredictable and difficult year any of us can remember. Yet there is an undeniable spirit of collaboration among colleagues and organizations who have decided to put people first. A resurgence in thinking with both our...
Lamont Asks Residents to 'Step Up'
In his last press briefing before Thanksgiving, Gov. Ned Lamont urged Connecticut residents Monday to limit the size of their celebrations to contain the coronavirus which continues to spread predominantly through close social gatherings. From...
IRS issues final PPP guidance
November 23, 2020 The IRS has issued what we're told is the final guidance for PPP deductibility; the guidance is below. Rev. Proc 2020-51 https://www.irs.gov/pub/irs-drop/rp-20-51.pdf   Rev. Rul. 2020-27...
IRS doubles down on nondeductibility of PPP-funded expenses
In guidance issued late on Wednesday, the IRS reiterated its position that taxpayers cannot claim a deduction for any otherwise deductible expense if the payment of the expense results in forgiveness of a Paycheck Protection Program (PPP) loan...