United States
Construction firms forced to reduce or cancel operations by jurisdictional order may meet employee retention credit eligibility requirements
Effective Jan. 1, 2021, the long-standing terminating business gain exclusion for unincorporated business tax purposes is eliminated.
Employers should use the updated Form 941 to properly report new CARES Act and FFCRA credits beginning in the second quarter of 2020.
Easing some of the industry’s widespread financial pressures from a state and local tax perspective may increase cash flow.
Immediate and retroactive expensing of qualified improvement property creates tax saving opportunities for taxpayers.
In the rush to take advantage of the qualified opportunity zones program, taxpayers may overlook the benefits of state and local tax credits
The California Franchise Tax Board recently introduced a new annual filing requirement to track deferred section 1031 gain from California property.