Tax Blog

Our tax blog is dedicated to CFOs, Tax Directors and Business Owners looking to improve profitability, grow their business or implement a succession plan. At Armanino, we see the tax function as a key strategic tool—as nothing less than a vital means of moving you and your company forward. While we excel in making sure our clients meet regulatory requirements—both domestic and global—that just scratches the surface of what we do.

August 29, 2020

IRS Notice 2020-65: Guidance for Employers on President Trump’s Memo on Payroll Tax

Review the items that matter most to businesses regarding President Trump’s executive order on payroll tax deferral.

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July 20, 2020

Portland Has A New Tax, Oregon Issues More CAT Guidance and Washington Expands Its Voluntary Disclosure Program

Here are the latest OR and WA state and local tax laws and expanded guidance.

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May 7, 2020

BE-10 Benchmark Survey of US Direct Investment Abroad

Learn about the BE-10 Benchmark Study on Foreign Direct Investment by the US Department of Commerce’s Economic Analysis Agency (BEA).

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April 8, 2020

H.R. 748 CARES Act Tax Provisions Impacting Real Estate Industry

On March 27, 2020, President Trump signed H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) into law. The CARES Act contains a number of tax provisions that will likely impact the real estate industry and its owners, investors, and operators, including: Modification of Net Operating Loss (“NOL”) carryback and utilization rules …

March 31, 2020

CARES Act Summary

On March 27, the president signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The $2 trillion legislative package to combat the coronavirus pandemic brings much needed economic relief to employers and employees impacted by the COVID-19 virus. Here are the highlights… Business Changes Employee retention credit for employers: The CARES Act …

March 29, 2020

The CARES Act and SBA Economic Disaster Loans

The primary purpose of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, as it relates to government financial assistance programs, is the introduction of the Paycheck Protection Program and a continuation of the SBA’s Economic Injury Disaster Loan (EIDL) program. In addition, Title IV brings government-provided relief funds (loans and grants).  These separate assistance …

March 26, 2020

IRC Section 165(i) Opportunity

The COVID-19 crisis has resulted in, and continues to result in, a myriad of available benefits via the Internal Revenue Code (IRC). One specific code section, IRC Section 165(i), is usually only available for taxpayers in specific geographical areas as a result of a natural disaster such as a hurricane or fire. However, it is …

March 25, 2020

SEC Extends Filing Relief & Issues Disclosure Guidance

On March 25, the SEC issued an order extending the time period covered by its COVID-19-related filing relief. The March 25 order supersedes the SEC’s order from March 4. Under the March 25 order, public companies that are unable to meet filing deadlines due to COVID-19-related circumstances will have an additional 45 days to submit …

Latest Developments In Senate Proposed SBA Stimulus Plan

On Wednesday March 25, 2020, the US Senate and the Administration came to agreement on H.R 748. The final vote to pass the bill still needs to take place, then it needs to be approved by the president and signed into law. Shortly after that, it will be sent to the various agencies for them …

“CARES Act” Economic Stimulus Package Moves Forward

In the early morning hours on Wednesday, White House and Senate leaders agreed on a $2 trillion coronavirus relief package.  View the bill at this link. It provides a $367 billion program for small businesses to maintain their payroll for employees forced to stay at home. Another notable spending measure is $500 billion guaranteed and subsidized …

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