Insights

The IRS released Rev. Proc. 2020-29, temporarily allowing the electronic submission of requests for letter rulings, closing agreements, and other advice.

On Monday, North Carolina enacted new legislation providing a tax credit for Unemployment Insurance Fund contributions made on or before April 30, 2020.

If you have received or may receive a PPP loan, you should consider how the use of the loan proceeds may impact your ability to take a deduction for certain expenses on your 2020 tax return.

Learn more on the NIH updated Grants Policy Statement, which provides details about participation in the SBIR for research and research & development.

Learn more on DCAA procedures for labor interviews and floor checks to determine the basic differences, and why the Agency may perform one versus the other.

Learn more on the M-P Programs and JV arrangements that can be beneficial to both the government and the government contracting companies involved.

Learn more on the Fiscal Year (“FY”) 2020 National Defense Authorization Act (“NDAA”) which contains several sections impacting government contracting.

Learn more on two tax incentives: the IC-DISC and FDII, offered to encourage companies to expand domestic operations by selling goods and services abroad.

Learn more on how a multinational enterprise will need to adjust transfer prices and how to document the negative impacts of the deviations due to COVID-19.

Details on the Florida Department of Revenue extended filing deadlines for certain Florida corporate income tax (“CIT”) payments and returns.