Ideas & Insights

Q2 2020 insights on what suppliers should focus on with regard to alternative sourcing and supply chain visibility.

The recent IRS Notice provides relief in the form of flexibility for investment timing and testing periods for QOFs and their investors.

Manufacturers changing over operations in order to create personal protective equipment may be exposed to new state tax liabilities.

Here are some safety and regulatory factors manufacturing business leaders should address as local economies start reopening.

Industrial companies deal with complicated cash flow scenarios every day. Here’s a look at cash flow considerations during the crisis.

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

The U.S., Cayman, and other jurisdictions extend deadlines for filing FATCA and CRS reports, but exams and compliance programs continue.

Importers can benefit from a deferral of duties owed due to COVID-19, but the suspension is limited in time and scope.

The AICPA released the SOC for Supply Chain report to aid organizations with relevant controls to address business risk.

Middle market industrial companies are starting to see a decline in sales and are preparing to face a potential liquidity crunch.

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

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.

As businesses renegotiate debts in the aftermath of COVID-19, it is critical to understand whether the debt is considered publicly traded.

State tax cash-flow maximization and risk minimization are available for private equity groups and their portfolio companies.

Accelerating worthless stock deductions on an insolvent subsidiary without disposing of the business to increase NOL carrybacks.

Delaware notices advise companies to either participate in the state’s unclaimed property VDA Program or be subject to an audit.

Immediate and retroactive expensing of qualified improvement property creates tax saving opportunities for taxpayers.

Bringing stability to your supply chain and maximizing liquidity is critical to maximize your organization’s financial results.