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WEBINAR MATERIALS: Current Update on CARES Act PRF Reporting Instructions & Recent FAQsAndrew Kent, Esq., CVA, and Claudia Reingruber, CPA, CHC

7/23/2021 - By Allie Jackson

New CARES Act Provider Relief Fund (PRF) Reporting Requirements were issued on June 11, 2021, and the PRF Reporting Portal opened on July 1, 2021. This webinar includes the new and better-defined reporting requirements, extended deadlines, expanded reporting periods, and other changes.

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Potential Benefits of Section 1202 Continue to Grow

7/23/2021 - By Saltmarsh, Cleaveland & Gund

Section 1202 of the Internal Revenue Code is growing in popularity among investors and may become even more valuable in 2022. Section 1202 allows founders and investors of corporations to exclude up to 100% of their capital gains derived from the sale of qualified small business stock (QSBS) held for more than five years (subject to limitations). Because the gain exclusion percentage for a shareholder depends on the QSBS issuance date, as time goes on more investors are becoming eligible for the full, 100% exclusion—and thus its rise in popularity.

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2021 State & Local Tax Year-End Issues to Consider Now

7/22/2021 - By Scott Smith and Kent DeBruin

State and local governments are revisiting taxpayer compliance with nexus rules and other tax policies, considering new taxes on digital services and reconsidering conformity with federal tax rules and legislation in an effort to rebuild their economies. The following is an in-depth look at five key state tax issues that taxpayers should begin considering now.

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Reingruber Alert: PRF Single Audit Timelines Extended!

7/21/2021 - By Allison Jones, CPA

The PRF Single Audit Timelines are extended! These new instructions were issued by the HHS on July 15, 2021.

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The Sky Is Not Falling... Yet

7/20/2021 - By Joshua Jackson, CPA

The U.S. Bureau of Labor Statistics recently announced the continued upward trend in inflation for June 2021, with the largest month-over-month gain in the consumer price index (CPI) in 13 years. Growth in the year-over-year measure of CPI also accelerated to 5.4%, and people are running around with their hair on fire!

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