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On November 18, 2020, the Treasury Department and the Internal Revenue Service released additional guidance on the deductibility (or rather, the non-deductibility) of certain covered payroll and non-payroll expenses paid
The Coronavirus Aid, Relief and Economic Security Act (CARES Act) included a number of relief provisions intended to provide taxpayers a recess on due dates for certain items requiring cash
The Small Business Administration (SBA) recently issued a Notice providing additional details that may affect companies participating in the Paycheck Protection Program (PPP) offered in the Coronavirus Aid, Relief, and Economic
Some concerns had been raised regarding the expiration date found on the various Forms 3508 to be used to apply for forgiveness under the PPP loan program. When the first
The Internal Revenue Service issued Information Release 2020-247 to remind U.S. citizens, entities and resident aliens with a foreign bank or financial account that they have until October 31, 2020,
Classification of personal service providers as employees or independent contractors continues to be an area of controversy under the federal income tax law. To better identify payments to independent contractors,
On October 8, 2020, the Small Business Administration, in consultation with the Treasury Department, released a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less.
Grossman Yanak & Ford LLP was honored as one of Pittsburgh’s “Top Work Places” for the tenth straight year! Evaluation for the awards is based upon results of employee surveys conducted by
The political season is ratcheting up with the upcoming Presidential election just eight weeks away. One of the major differences between candidates in any election is that candidate’s take on
Much attention has been focused on the Small Business Administration’s Paycheck Protection Program (PPP) Loans, especially with regard to interpretation of various provisions and on the process under which all
The Business Valuation and Litigation Support Group at GYF continues to monitor the national economy as we move through 2020. The effects of coronavirus were felt across the country during
With extraordinarily poor timing, the Treasury Department and the Internal Revenue Service have finally issued guidance (Notice 2020-65) allowing employers to defer certain employee payroll tax obligations for the remainder
