Insights

The IRS released three revenue procedures for Paycheck Protection Program (PPP) loans regarding timing issues, allocation issues and amended returns. Learn more now.

Get more guidance on 2021 and 2022 business income tax deductions for 100% of the food or beverage expenses (Notice 2021-25 and Notice 2021-63).

The 5th Circuit held that the non-willful FBAR penalties apply per account, not per form. Learn more and contact us with questions about FBARs.

See IIJA’s new tax reporting requirements of cryptocurrency transactions occurring after December 31, 2022. Contact Cherry Bekaert for help.

North Carolina enacts significant income and franchise tax law changes for businesses and individuals. Learn how these provisions may impact your taxes.

The IRS extended and expanded the electronic signature program for taxpayers to minimize in-person contact during COVID-19. Learn details now.

In a recent article published by Soundings Trade Only, Joe Haehner addresses the supply chain challenges facing U.S. marine manufacturers.

Learn how the minimum wage increase for government contractors will impact your current and future contracts.

Discover information IRS requires taxpayers to include when making research credit claims for refund. Contact us for more guidance.

The IRS announced that failure to pay deferred employment taxes when due will result in a penalty. Find out more on deferred Social Security taxes.