Insights

Learn how Cherry Bekaert can help guide your business through the impact of tax reform on current year financial statements

FASB to review backwards tracing related to tax reform. Understand the implications of these changes for your accounting practices.

Learn how Cherry Bekaert can help you guide your business to be prepared if and when there are major changes to the tax code.

Under prior law, business interest expense was generally deductible in the year in which the interest was paid or accrued, except that corporations were subject to certain limitations.

Learn more on how two taxpayers recently learned that they were not entitled to the tax refunds they thought were coming their way.

The CARES Act included a temporary increase of the limitation of the deductibility of business interest under section 163(j).

Listen as our professionals discuss the potential opportunity and uncertainty of business tax losses realized during the coronavirus disaster emergency.

The IRS released Rev. Proc. 2020-29, temporarily allowing the electronic submission of requests for letter rulings, closing agreements, and other advice.

Details on the Florida Department of Revenue extended filing deadlines for certain Florida corporate income tax (“CIT”) payments and returns.

Guidance on taking advantage of the new MSLP, the additional stimulus lending program available to small and medium sized businesses that meet certain criteria.