Christina Rampone was awarded the 2016 Abrams Little-Gill Loberfeld Scholarship on Tuesday, May 24, 2016 at the MSCPA Believers & Achievers Reception.
Christina, a Suffolk University rising senior, is studying accounting and maintains a 3.89 GPA. She is also pursuing minors in Big Data and Economics.
The scholarship, which is fully funded by Abrams Little-Gill Loberfeld PC (ALL), awards Christina $2,500 to assist in her studies.
Christina said, “I would like to thank the firm associates and MSCPA scholarship committee members that selected me for this award. I am truly honored to receive the Abrams Little-Gill Loberfeld Scholarship.”
ALL is proud to support the future of profession and is an annual scholarship sponsor.
Tax Implications of Working Remotely During COVID-19
With COVID-19 forcing stay-at-home orders in many states, companies have allowed their employees to telecommute from their home offices. Under normal telecommuting circumstances, business entities are required to file taxes when they have established nexus, a direct or representational presence within a particular state or jurisdiction. In most cases, payroll withholding taxes are based on the state in which the employee performs their work.
IRS Sets Limits on Expense Deductions for PPP Loan Forgiveness
Businesses that received loans through the Paycheck Protection Program (PPP) during the initial months of the pandemic are finding that certain expenses allocable to the forgiven PPP loan proceeds are not deductible.
Important Takeaways for Single Audits Under the CARES Act
There’s no disputing that the inte [...]
COVID-19 and Construction Firms: Proactive Strategies to Transcend the Crisis
As the coronavirus (COVID-19) pand [...]
Conduct a “2020 Paycheck Checkup” to Make Sure Your Withholding is Sufficient
The federal income tax is a pay-as [...]
Relief for Taxpayers Affected by COVID-19 Who Take Distributions or Loans from Retirement Plans
The IRS recently released Notice 2020-50 (PDF) to help retirement plan participants affected by the COVID-19 coronavirus take advantage of the CARES Act provisions providing enhanced access to plan distributions and plan loans. This includes expanding the categories of individuals eligible for these types of distributions and loans (referred to as “qualified individuals”) and providing helpful guidance and examples on how qualified individuals will reflect the tax treatment of these distributions and loans on their federal income tax filings.
