THOUGHT LEADERSHIP /

ALERTS & ARTICLES

Feb

16

2021

HLB International Reveals Results of 2021 Global Business Leaders Survey

HLB International recently revealed the findings of its survey of business leaders from 55 countries. Despite global economic uncertainty, executives remain confident in 2021. Download PDF > HLB International, the global advisory and accounting network, recently launched the Survey of Business Leaders, resulting in a new report entitled “Achieving the Post-Pandemic Vision: Leaner, Greener, and […]


Jan

08

2021

New COVID-19 Aid Package Contains $900 Billion in Federal Funding and Tax Breaks

After months of negotiations in Washington, Congress reached agreement on a new $900 billion aid package to address the ongoing fallout from the COVID-19 pandemic. The Consolidated Appropriations Act of 2021 (CAA), which Congress approved on December 21 and President Trump signed on December 27, expands and extends several critical provisions of last spring’s CARES […]


Oct

23

2020

Compare and Contrast: How the Republican and Democratic Tax Plans Differ

With the presidential election fast approaching, many people are paying closer attention to each candidate’s positions on such issues as the COVID-19 pandemic, health care, the environment and taxes. Among their many differences, President Donald Trump and former Vice President Joe Biden have widely divergent tax proposals. Their stances could have a major impact on […]


Jul

07

2020

Federal and California Political Donation Limitations

U.S. voters are once again making political contributions for the fall elections. Many activities that support or oppose candidates for federal, state, and local offices are subject to federal and state campaign finance laws. The laws generally limit the sources and amounts of funds used to finance elections. The following are guidelines to avoid incurring […]


Jun

15

2020

Changes Made to PPP Loan Forgiveness Rules

The Paycheck Protection Program Flexibility Act, signed into law on June 5, 2020, attempts to address many concerns expressed by the small business community around the Paycheck Protection Program (PPP) aimed at providing COVID-19 relief. The law provides major concessions and guidance for PPP borrowers who desire to qualify for forgiveness of the loans. Download […]


Jun

05

2020

CARES Act Retroactively Postpones Limit on Excess Business Losses

The Coronavirus Aid, Relief, and Economic Security (CARES) Act allows for the retroactive postponement of, and changes to, the limits on excess business losses. The provision applies to individuals, trusts, and estates who own (or may own in the future) a business directly or as a partner or shareholder in an S corporation. Download PDF […]


Apr

15

2020

IRS and California Announce Tax Deadline Updates

The Internal Revenue Service has announced an extended deadline for both federal income tax filings and payments. Any taxpayer with a payment due on April 15, 2020, is considered to be affected by COVID-19 and eligible for this relief. California recently announced similar tax extensions. Download PDF > Postponed Federal Filing and Payment Dates The […]


Apr

03

2020

SBA Accepting Paycheck Protection Program (PPP) Loan Applications Starting Today

Under the CARES Act, the federal government expanded a loan program to businesses to cover employee payroll, mortgage interest, rent, and utilities expenses. A prominent feature is that all or part of the loan is potentially forgivable, provided funds are used for specific purposes. Sufficient documentation to substantiate the application is required. Who can apply? […]


Apr

02

2020

Federal Government Passes Major Stimulus Bills

Two major pieces of legislation – the Families First Coronavirus Response Act and the CARES Act – have been passed to help individuals and businesses during the coronavirus (COVID-19) outbreak. Here is our summary of highlights from both pieces of legislation. Download PDF > 1) The Families First Coronavirus Response Act (FFCRA) Among other things, […]