Ideas & Insights

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What are the top business issues and opportunities trending for middle market beauty sector companies in 2020?

IRS releases a statement announcing that the application period for the CAP program is now open to qualifying corporations for 2021.

The IRS updated taxpayers on its operations status and recognized the delays in processing check payments due on July 15, 2020.

Mississippi will require marketplace facilitators to register to collect and remit sales and use taxes beginning July 1, 2020.

TTB FAQs allowing for the destruction of beer off brewery premises and waiver of notice of intent to destroy were extended through Sept. 1.

Louisiana will require marketplace facilitators to register and collect and remit the state and local sales tax beginning July 1.

RSM creates a holistic solution to solve the multifaceted complex business issues a company faces when it considers global expansion.

TTB adopted, with minor changes, temporary regulations on alcohol tax filing dates implementing 2015 PATH Act for eligible excise taxpayers.

A sales tax bad debt analysis and review can provide necessary cash flow for many businesses in a distressed economy.

New TTB FAQ addresses requirements for a winery holding remote wine tastings with customers, including tax, labeling, and container sizes.

TTB issued FAQs providing guidance for refund claims on taxpaid beer for brewers when unmerchantable beer is destroyed during COVID-19.

Notice 2020-32 disallows deductions for expenses paid with loan proceeds from the PPP when loan forgiveness occurs.

TTB has extended its waivers for certain distilleries wishing to produce hand sanitizer through the 2020 calendar year.

Procedures provide guidance for the retroactive expensing of qualified improvement property and reconsidering of elections.

Corporate taxpayers filing a consolidated return have an added layer of rules to navigate when carrying back a net operating loss.

The IRS provided long-awaited guidance for taxpayers anxious to take advantage of the NOL provisions in the CARES Act.

Recent guidance extends certain deadlines for LIHTC, WOTC, and Historic Rehabilitation tax credits because of COVID-19.

Recent guidance provides that certain deadlines, including the allowable time to invest in a QOF, are now extended because of COVID-19.

The IRS issued guidance extending the time for taxpayers to file certain Form 3115s and Form 1128s to July 15, 2020.