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Stay up to date with the most recent industry news and what’s happening at Topel Forman

PPP borrowers get concessions, additional guidance on forgiveness (June 8, 2020)
The Paycheck Protection Program Flexibility Act eases PPP loan forgiveness restrictions. Here are the details of the law, along with some recent guidance for borrowers.

IRS releases 2021 amounts for Health Savings Accounts (May 27, 2020)
There are many advantages to Health Savings Accounts (HSAs). Here are a few of them, along with the HSA inflation-adjusted amounts for the 2021 calendar year.

Looking for a trust that can also act as a financial backup plan? Consider a SLAT (May 21, 2020)
A spousal lifetime access trust (SLAT) can be a valuable tool to help a spouse remove significant wealth from his or her taxable estate while providing a safety net in the event financial circumstances change.

Independent assurance inspires confidence in sustainability reports (May 20, 2020)
What is a “sustainability” report? What reporting standards apply? And why does your report need an external audit? Find the answers here.

Business charitable contribution rules have changed under the CARES Act (May 14, 2020)
Food and financial insecurity have increased during the coronavirus (COVID-19) pandemic. If your business is donating to charity to help ease the pain, you may be eligible for enhanced charitable donation deductions.

There’s still time to make a deductible IRA contribution for 2019 (May 7, 2020)
Do you want to save for retirement on a tax-advantaged basis? It’s not too late to make 2019 IRA contributions (if you’re eligible) just because it’s 2020. And this year, the IRS extended the deadline three months due to COVID-19. Here are the rules and who can make contributions.

SBA extends the PPP repayment deadline for self-certification (May 7, 2020)
May 14, 2020, is the revised deadline to repay Paycheck Protection Program loans for borrowers who have chosen the Small Business Administration’s “good faith” self-certification of eligibility option.

The CARES Act liberalizes net operating losses (May 6, 2020)
The CARES Act includes favorable changes to the rules for deducting net operating losses (NOLs). Here’s how.

Do you have tax questions related to COVID-19? Here are some answers (May 5, 2020)
If you’re like most Americans, the coronavirus (COVID-19) pandemic has led to many questions. Health issues are of utmost concern but you may also have many financial questions. Here are some answers.

IRA account value down? It might be a good time for a Roth conversion (April 30, 2020)
Consider turning a stock market downturn into a tax-saving opportunity by converting a traditional IRA into a Roth IRA.

Adjust your expectations of business interruption coverage (April 29, 2020)
Business interruption insurance may seem like an ideal risk management measure to deploy during the COVID-19 crisis. But many business owners are likely facing an uphill battle when seeking payouts.

Going, going, gone: Going concern assessments in the midst of COVID-19 (April 28, 2020)
Is your company struggling during the novel coronavirus (COVID-19) pandemic? You’re not alone. Here’s how to evaluate your company’s long-term viability and, if substantial doubts exist, how it will impact financial reporting.
No results found.

PPP borrowers get concessions, additional guidance on forgiveness (June 8, 2020)
The Paycheck Protection Program Flexibility Act eases PPP loan forgiveness restrictions. Here are the details of the law, along with some recent guidance for borrowers.

IRS releases 2021 amounts for Health Savings Accounts (May 27, 2020)
There are many advantages to Health Savings Accounts (HSAs). Here are a few of them, along with the HSA inflation-adjusted amounts for the 2021 calendar year.

Looking for a trust that can also act as a financial backup plan? Consider a SLAT (May 21, 2020)
A spousal lifetime access trust (SLAT) can be a valuable tool to help a spouse remove significant wealth from his or her taxable estate while providing a safety net in the event financial circumstances change.

Independent assurance inspires confidence in sustainability reports (May 20, 2020)
What is a “sustainability” report? What reporting standards apply? And why does your report need an external audit? Find the answers here.

Business charitable contribution rules have changed under the CARES Act (May 14, 2020)
Food and financial insecurity have increased during the coronavirus (COVID-19) pandemic. If your business is donating to charity to help ease the pain, you may be eligible for enhanced charitable donation deductions.

There’s still time to make a deductible IRA contribution for 2019 (May 7, 2020)
Do you want to save for retirement on a tax-advantaged basis? It’s not too late to make 2019 IRA contributions (if you’re eligible) just because it’s 2020. And this year, the IRS extended the deadline three months due to COVID-19. Here are the rules and who can make contributions.

SBA extends the PPP repayment deadline for self-certification (May 7, 2020)
May 14, 2020, is the revised deadline to repay Paycheck Protection Program loans for borrowers who have chosen the Small Business Administration’s “good faith” self-certification of eligibility option.

The CARES Act liberalizes net operating losses (May 6, 2020)
The CARES Act includes favorable changes to the rules for deducting net operating losses (NOLs). Here’s how.

Do you have tax questions related to COVID-19? Here are some answers (May 5, 2020)
If you’re like most Americans, the coronavirus (COVID-19) pandemic has led to many questions. Health issues are of utmost concern but you may also have many financial questions. Here are some answers.

IRA account value down? It might be a good time for a Roth conversion (April 30, 2020)
Consider turning a stock market downturn into a tax-saving opportunity by converting a traditional IRA into a Roth IRA.

Adjust your expectations of business interruption coverage (April 29, 2020)
Business interruption insurance may seem like an ideal risk management measure to deploy during the COVID-19 crisis. But many business owners are likely facing an uphill battle when seeking payouts.

Going, going, gone: Going concern assessments in the midst of COVID-19 (April 28, 2020)
Is your company struggling during the novel coronavirus (COVID-19) pandemic? You’re not alone. Here’s how to evaluate your company’s long-term viability and, if substantial doubts exist, how it will impact financial reporting.
No results found.
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