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ALERTS AND ARTICLES
Stay up to date with the most recent industry news and what’s happening at Topel Forman
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.
The rules have changed regarding your IRAs, RMDs and estate plan (April 23, 2020)
Do you understand how the CARES Act and the SECURE Act affect your estate planning strategies regarding your IRAs or other defined benefit plans?
IRS extends some (but not all) employee benefit plan deadlines (April 22, 2020)
You’ve probably heard that the IRS has extended many tax filing and payment deadlines. But, as a business owner, do you know how these extensions affect your employee benefit plans?
New COVID-19 law makes favorable changes to “qualified improvement property” (April 21, 2020)
A drafting error by Congress meant that some improvements to interior parts of nonresidential buildings had to be deducted over 39 years. But a new law that provides COVID-19 relief fixes the error and may result in revenue for eligible businesses.
Adjusting your financial statements for COVID-19 tax relief measures (April 20, 2020)
In the midst of the COVID-19 crisis, many companies are focused on paying bills and avoiding bankruptcy. But you also must stay atop a barrage of tax law changes that may affect quarterly and year-end reporting.
What are the key distinctions between layoffs and furloughs? (April 15, 2020)
COVID-19 has forced many business owners to re-evaluate the size of their workforces. The choice between layoffs and furloughs brings up a variety of compliance issues.
Relief from not making employment tax deposits due to COVID-19 tax credits (April 14, 2020)
The coronavirus (COVID-19) crisis has resulted in unprecedented challenges for employers. Here are the details of some relief from the federal government.
COVID-19 Update #5: IRS Releases Additional Guidance on Extensions and Tax Payments (April 10, 2020)
Yesterday, the Internal Revenue Service issued Notice 2020-23, providing additional guidance on tax relief measures for the 2019 and 2020 tax filing and payment deadlines. Click here for more information.
No results found.
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.
The rules have changed regarding your IRAs, RMDs and estate plan (April 23, 2020)
Do you understand how the CARES Act and the SECURE Act affect your estate planning strategies regarding your IRAs or other defined benefit plans?
IRS extends some (but not all) employee benefit plan deadlines (April 22, 2020)
You’ve probably heard that the IRS has extended many tax filing and payment deadlines. But, as a business owner, do you know how these extensions affect your employee benefit plans?
New COVID-19 law makes favorable changes to “qualified improvement property” (April 21, 2020)
A drafting error by Congress meant that some improvements to interior parts of nonresidential buildings had to be deducted over 39 years. But a new law that provides COVID-19 relief fixes the error and may result in revenue for eligible businesses.
Adjusting your financial statements for COVID-19 tax relief measures (April 20, 2020)
In the midst of the COVID-19 crisis, many companies are focused on paying bills and avoiding bankruptcy. But you also must stay atop a barrage of tax law changes that may affect quarterly and year-end reporting.
What are the key distinctions between layoffs and furloughs? (April 15, 2020)
COVID-19 has forced many business owners to re-evaluate the size of their workforces. The choice between layoffs and furloughs brings up a variety of compliance issues.
Relief from not making employment tax deposits due to COVID-19 tax credits (April 14, 2020)
The coronavirus (COVID-19) crisis has resulted in unprecedented challenges for employers. Here are the details of some relief from the federal government.
COVID-19 Update #5: IRS Releases Additional Guidance on Extensions and Tax Payments (April 10, 2020)
Yesterday, the Internal Revenue Service issued Notice 2020-23, providing additional guidance on tax relief measures for the 2019 and 2020 tax filing and payment deadlines. Click here for more information.
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