The virtual conference will welcome New York’s leading real estate owners, developers, construction executives and other key business decision makers to explore the changing industry and trends. Read More
Join Anchin and ACEC New York for a timely webinar on the Business and State Tax Implications of remote working during the pandemic and New York State’s changes in Pass-Through Entity Taxes. This webinar will help both owners and individuals understand the wide range of state tax issues and new developments. Read More
The focus of this Alert is to summarize the rules and regulations for Borrowers who either will be applying for their First Draw PPP Loan or who want to amend their existing PPP loan by applying for additional funding. In addition, we will outline some changes to PPP loan forgiveness. Read More
- New Stimulus: Careful Planning Is Required To Maximize Benefits from the Enhanced Employee Retention Credit (ERC)1/11/2021
The ERC is a refundable payroll tax credit available to businesses affected by COVID-19 that continue to pay salaries to their employees. Whereas the original version of this provision (from the CARES Act) was very limited in scope, the current version has expanded the universe of taxpayers who qualify for the credit and, at the same time, has increased the amount of the credit.
- Round 2 – What the Latest SBA Guidance on the Paycheck Protection Program (PPP) Means For You When It Comes to Drawing a Second Loan1/11/2021
The focus of this Alert is to summarize the rules and regulations for PPP Second Draw Loans regarding eligibility, applications, and forgiveness. This Alert will be followed with one that addresses rules and regulations for Borrowers who either will be applying for their First Draw PPP loan or for Borrowers who want to amend their existing PPP loan and apply for additional funding.
- New York Resident State Credits for Pass-Through Entity Taxes1/7/2021
With the release of IRS Notice 2020-75 permitting the deduction of state pass-through entity (PTE) tax payments, many taxpayers are considering electing into PTE tax regimes as a workaround for the $10,000 cap on state and local tax deductions on federal tax returns. To date, New Jersey, Maryland, Louisiana, Oklahoma, Rhode Island and Wisconsin have enacted elective PTE taxes. Connecticut is the only state with a mandatory PTE tax. A number of other states, including New York, are debating the enactment of PTE taxes in 2021.
- Accelerate Innovation As the Pandemic Lingers, But Keep Your Firm's Adoption Rigor12/31/2020
ConTech startups need to clear a high bar and demonstrate tested, added value in construction.
- New Stimulus: What You Need to Know about the Tax Provisions of the Consolidated Appropriations Act, 2021 (The Act) 12/30/2020
Additional relief is on the way for individuals and businesses. Here are the key provisions of the additional round of stimulus in The Act passed by Congress and signed by the President.
- Expenses Paid for with PPP Loan Funds are Now Deductible12/28/2020
After many months of debate and consternation, Congress has finally overridden the guidance issued by the IRS and Secretary Mnuchin regarding deducibility of expenses paid for with PPP loan funds.
- Paycheck Protection Program (PPP) – Round 2 12/28/2020
On December 21, 2020, Congress passed the Consolidated Appropriations Act, 2021, (the “Relief Act”), which includes a relief package consisting of $900 billion in aid to small businesses and individuals impacted by COVID-19. The focus of this Alert is to address changes made to the Paycheck Protection Program (PPP) through Title III – Continuing the Paycheck Protection Program and Other Small Business Support (Section 301-348) of the Relief Act.
- Five Financial Moves You Should Make Before the End of the Year12/17/2020
The end of the year is the perfect time to review your finances and make sure you are well-positioned for the coming year. With that in mind, here are five financial moves that will help ensure that you are on top of your current financial situation and maximizing potential benefits.
- Anchin's Year End Trusts & Estates Series12/17/2020
This series provides insights on how estate and trust planners may capitalize on the market’s historically low interest rates, and how high net-worth families could take advantage of trust and estate planning strategies before the new administration takes office in January.
- The Private Equity Secondary Market – Has COVID-19 Created a New Buying Opportunity?12/10/2020
The typical way to invest in private equity is by investing when a fund initially raises capital. However, it is also possible to invest by taking over the position of an existing investor by purchasing the position on a secondary market. Under the right conditions, there can be significant advantages to investing through the secondary market - and the COVID-19 crisis may have created such an opportunity.