Insights

The IRS released revenue procedures providing relief for nonresidents that remain in the U.S. due to COVID-19 and U.S. citizens and residents working abroad.

Guidance on how to calculate unrelated business income tax for nonprofits that have more than one unrelated trade or business.

The SBA provided a safe harbor reducing the documentation requirements for those with PPP loans less than $2 million asking for loan forgiveness.

North Carolina waives interest on income tax payments made by the extended due date of July 15, 2020, and extends the due date for additional items.

Learn more on steps you can take to reduce uncertainty for A&E firms, legal firms, and financial services companies amidst the COVID-19 crisis.

The auditor strikes back with a bonus dispute. Discover the legal battle and the implications for auditors and their clients.

Choosing between COTS and custom software is a critical decision for startups. Explore the pros and cons of each approach.

The PCAOB’s credit loss model guidance is still unknown. Stay updated on the latest developments and their potential impact.

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

On Monday, North Carolina enacted new legislation providing a tax credit for Unemployment Insurance Fund contributions made on or before April 30, 2020.