In times of great uncertainty, there is power in knowledge and preparation. In response to the coronavirus (COVID-19) outbreak throughout the United States and beyond, we’ve assembled industry experts to give you guidance and solutions to combat the ramifications on your business.
Continue to visit the Friedman COVID-19 Resource Center for breaking coverage and tactics to inform your financial decision making.
February 16, 2021 [NEW] Understanding the Reporting Requirements for Corporations who Received CARES Act Provider Relief Funds
One of the many sources of support to come from the Coronavirus Aid, Relief, and Economic Security (CARES) Act is the Provider Relief Fund (PRF). Many healthcare providers, including for-profit corporations, qualify and have received these funds. Understanding how to audit these funds is crucial.
February 16, 2021 [NEW] Collateralized Loan Obligations: Continuing Distress Will Likely Spur Litigation Activity
The Collateralized Loan Obligation (“CLO”) market appears to be heading for turmoil. The pandemic has applied increased pressure on these securities, resulting in even greater scrutiny of the previously identified underlying weaknesses.
February 10, 2021 City of Philadelphia Makes Tax Refunds Easier During Difficult COVID Times
On January 26, 2020, the City of Philadelphia (the “City”) released guidance announcing that employers would be able to file mass tax refund requests on behalf of their non-Philadelphia resident employees for the City’s requisite Wage Tax withholding.
February 10, 2021 Get to Know the New York Forward Loan Fund
On January 26, 2020, the City of Philadelphia (the “City”) released guidance announcing that employers would be able to file mass tax refund requests on behalf of their non-Philadelphia resident employees for the City’s requisite Wage Tax withholding.
February 1, 2021 [NEW] Introducing the Improved Employee Retention Credit
The Taxpayer Certainty and Disaster Tax Relief Act of 2020 (the “Act”) not only made some significant changes to the Employee Retention Credit ("ERC"), it also retroactively repealed the restriction on having a PPP loan and claiming the ERC. Learn how you and your business may be directly impacted.
January 28, 2021 The IRS Extends Deadlines Again for Qualified Opportunity Funds and Investors
To meet the compliance requirements of the Qualified Opportunity Zone (“QOZ”) program, Qualified Opportunity Funds (“QOFs”) and their investors must meet specific deadlines. In recognition of the economic disruption caused by the coronavirus pandemic, the IRS extended many of these deadlines in Notice 2020-39 issued in June, 2020.
Read On For More Insights:
 |
 |
 |
 |
 |
 |
 |
