As the coronavirus (COVID-19) pandemic continues to rattle financial markets and the broader global economy, it also has added even greater uncertainty around fair value measurements, a financial reporting requirement that many businesses have long found challenging.
Real estate companies, like companies in most other business sectors, have struggled to maintain operations and drive revenues during the coronavirus (COVID-19) pandemic. Thankfully, the $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES Act) contains changes to the 2017 Tax Cuts and Jobs Act (TCJA). Those changes, along with tax law changes and loan programs under the CARES Act, provide potential relief to companies in the real estate industry.
In a decision announced on its website, the U.S. Treasury has amended its position on the Employee Retention Credit (ERC)—specifically, its position on qualifying wages. Under this new position, employer-provided health insurance coverage now qualifies as wages, with respect to the ERC, to the extent it is otherwise allocable to qualifying wages, or to a period where the employee is not providing services. Treasury addresses this matter both for employers that averaged 100 or fewer employees in 2019 and employers who averaged more than 100.
Vanessa Rose, Lasell University 2020 Each year, ALL CP [...]
ALL CPAs was recently named a 2020 Regional Leader by [...]
To: ALL CPAs Clients Tax season is well underway and f [...]
ALL CPAS Intern Amanda Ortiz, Lasell University 2020 E [...]
Each year, ALL CPAs is joined by a group of impressive interns for tax season. Learn more about the young professionals completing their tax internships with the firm in our ALL CPAs Intern Spotlights. In this spotlight, learn more about Annie Lam of Simmons University, who is a student athelete on Simmon's Swimming & Diving team , enjoys going on spontaneous trips, and spends time volunteering with the youth.
If you’re familiar with Form W-4, be aware that the IR [...]
Taxes are a major consideration in mergers and acquisi [...]
LGA, LLP and ALL CPAs proudly announce a merger, effective November 1, 2021. The firm will operate under the LGA brand and maintain offices in Woburn, MA, Chestnut Hill, MA, and Salem, NH. Read the press release to learn more.
