RRBB supports Ukraine through PrimeGlobal affiliation Get Updates + Resources

Contact Us ShareFile Login Client Axcess™ Make a Payment
    • About
      • Mission
      • Team
      • Culture
    • Services
      • For Businesses
      • For Individuals
      • Litigation Support
      • Industries
    • News + Insights
      • News
      • Blogs
      • Resources
      • Videos
    • Events
    • Careers
      • RRBB Careers
      • Job Listings
      • Internship Program
    • Testimonials
    • Make a Payment
    Contact Us
    ShareFile Login
    Client Axcess
    Posts

    SBA issues PPP guidance on laid-off employees who refuse to be rehired

    Businesses that received Paycheck Protection Program (PPP) loans can exclude laid-off employees from loan forgiveness reduction calculations if the employees...

    Posts

    AICPA challenging nondeductibility of PPP-related expenses

    The IRS released guidance (Notice 2020-32) to explain that a taxpayer that receives a loan through the Paycheck Protection Program...

    Posts

    AICPA makes PPP loan forgiveness recommendations

    The AICPA on Wednesday issued a series of recommendations it would like to see the U.S. Small Business Administration (SBA)...

    Posts

    Adjust your expectations of business interruption coverage

    A natural place to turn when disaster strikes is insurance. The very reason you pay premiums and deal with the...

    Posts

    Hiring independent contractors? Make sure they’re properly classified

    As a result of the coronavirus (COVID-19) crisis, your business may be using independent contractors to keep costs low. But...

    Posts

    New Guidance from SBA on PPP Loan ‘Necessity’ Certification

    When the PPP Loan program was first announced and brought out through the banking system, it seemed to be prudent...

    Posts

    Congress expands small business COVID-19 relief

    Congress and the Trump administration have struck a deal on another piece of legislation, the latest in a series of...

    Posts

    Going, going, gone: Going concern assessments in the midst of COVID-19

    The novel coronavirus (COVID-19) pandemic has adversely affected the global economy. Companies of all sizes in all industries are faced...

    Posts

    The rules have changed regarding your IRAs, RMDs and estate plan

    Many people’s estates typically include IRAs. Be aware that two major laws passed into law recently, the Setting Every Community...

    Posts

    Adjusting your financial statements for COVID-19 tax relief measures

    The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, 2020, contains several tax-related provisions for...

    Posts

    New COVID-19 law makes favorable changes to “qualified improvement property”

    The law providing relief due to the coronavirus (COVID-19) pandemic contains a beneficial change in the tax rules for many...

    Posts

    IRS launches website for tracking stimulus payments

    The IRS announced Wednesday the launch of its “Get My Payment” website, which permits taxpayers to check on the date...

    Posts

    SBA publishes new PPP guidance for the self-employed (sole proprietor/independent contractor) and general partners

    The U.S. Small Business Administration issued a new interim final rule Tuesday that supplements the guidance for the Paycheck Protection...

    Posts

    Relief from not making employment tax deposits due to COVID-19 tax credits

    The IRS has issued guidance providing relief from failure to make employment tax deposits for employers that are entitled to...

    Posts

    IRS launches tool for nonfilers to receive stimulus payments

    Article in the Journal of Accountancy: By Sally P. Schreiber, J.D. April 10, 2020 The IRS has launched an online...

    Posts

    IRS extends more tax deadlines to cover individuals, trusts, estates, corporations

    IR 2020-66, 4/9/2020; Notice 2020-23, 2020-18 IRB In a Notice, the IRS has extended more tax deadlines to cover individuals,...

    Posts

    Just launched: The SBA’s Paycheck Protection Program

    To stem the tide of joblessness caused by the coronavirus (COVID-19) outbreak, the Small Business Administration (SBA) has officially launched...

    Posts

    The Small Business Administration launches the Paycheck Protection Program

    The Coronavirus Aid, Relief and Economic Security Act (CARES Act) allocates nearly $350 billion to a new lending program through...

    Posts

    Answers to questions about the CARES Act employee retention tax credit

    The recently enacted Coronavirus Aid, Relief, and Economic Security (CARES) Act provides a refundable payroll tax credit for 50% of...

    Posts

    CARES Act Benefits for Individuals

    Some of the benefits in the $2 Trillion CARES Act.   The CARES Act that Congress approved and President Trump...

    Posts

    CARES Act provides COVID-19 pandemic relief to businesses

    The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) represents the third phase of Congress’s legislative efforts to address...

    Posts

    The CARES Act includes a ‘Paycheck Protection Program’ for Small Businesses

    Congress passed “The Coronavirus Aid, Relief, and Economic Security Act” (CARES Act), which included the “Paycheck Protection Program” (PPP) for...

    Posts

    Coronavirus Relief Resources for US Business Owners

    Phase III of the Relief Package from the Federal Government: Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”)...

    Posts

    CARES Act will provide billions of dollars of relief to individuals, businesses, state and local governments, and the health care system

    After extensive negotiations between the U.S. House of Representatives, the U.S. Senate and the White House, an agreement has been...

    Posts

    SBA offering loans to small businesses hit hard by COVID-19

    Every company has faced unprecedented challenges in adjusting to life following the widespread outbreak of the coronavirus (COVID-19). Small businesses...

    Posts

    Congress’ Proposed and Agreed upon(but not voted on yet) $2 Trillion Stimulus

    What's in the nearly $2 trillion U.S. Senate coronavirus stimulus? From Rueters: By Tracy Rucinski; Chicago, Susan Cornwell, Peter Cooney,...

    Posts

    Updated 2019 federal tax return filing and payment guidance.

    Late Friday, the IRS issued Notice 2020-18, which supersedes its prior guidance, Notice 2020-17, issued two days earlier. https://www.irs.gov/pub/irs-drop/n-20-18.pdf. Notice...

    Posts

    Coronavirus relief bill contains tax credits for employers

    A further, deeper explanation of the payroll tax credits available: The coronavirus relief bill signed by President Donald Trump late...

    Posts

    The IRS announces that income tax payments due April 15 can be deferred to July 15, regardless of the amount

    The IRS and the U.S. Treasury Department have been making a series of announcements to provide tax relief in the...

    Posts

    Coronavirus (COVID-19): Tax relief for small businesses

    Businesses across the country are being affected by the coronavirus (COVID-19). Fortunately, Congress recently passed a law that provides at...

    Posts

    Recovering Business Interruption Losses from Coronavirus

    The fight against the coronavirus (COVID-19) is now a full-blown war and surrendering is not an option. Business owners must...

    Posts

    An Urgent Need for Small Business Capital

    Article from NJBIA Mar20,2020 By Steve Wilson 4 Comments As thousands of small businesses confront a prolonged period of no...

    Posts

    The IRS extends the federal income tax payment deadline

    After U.S. Treasury Secretary Steven Mnuchin’s announcement that the deadline for paying federal income taxes would be extended, the IRS...

    Posts

    Coronavirus Relief so far. Important

    The COVID -19 ‘Coronavirus’ has certainly impacted all of us and will probably get worse before it gets better. The...

    Posts

    The tax-filing deadline will remain April 15, but the IRS will waive penalties and interest on tax payments for 90 days

    From Business Insider: The tax-filing deadline will remain April 15, but the IRS will waive penalties and interest on tax...

    Posts

    House passes bill to provide coronavirus relief; Senate expected to act this week

    Several arms of the federal government have taken, or are weighing, significant steps to help the country deal with the...

    Posts

    Small business owners still have time to set up a SEP plan for last year

    Do you own a business but haven’t gotten around to setting up a tax-advantaged retirement plan? Fortunately, it’s not too...

    Posts

    SBA offering low interest loan relief for COVID-19 affected companies

    Coronavirus (COVID-19) SBA Disaster Assistance in Response to the Coronavirus The U.S. Small Business Administration is offering designated states and...

    Posts

    Determine a reasonable salary for a corporate business owner

    If you’re the owner of an incorporated business, you probably know that there’s a tax advantage to taking money out...

    Posts

    Lease or buy? Changes to accounting rules may change your mind

    The rules for reporting leasing transactions are changing. Though these changes have been delayed until 2021 for private companies (and...

    Posts

    Have you coordinated your payable-on-death accounts with your estate plan?

    Payable-on-death (POD) accounts provide a quick, simple and inexpensive way to transfer assets outside of probate. They can be used...

    Posts

    The IRS provides guidance on meal and entertainment deductions

    The IRS has released proposed regulations addressing the deductibility of meal and entertainment expenses in tax years beginning after December...

    Posts

    How’s your buy-sell agreement doing these days?

    Most companies wouldn’t go into business without some basic types of insurance in place, such as property coverage and a...

    Posts

    Work Opportunity Tax Credit extended through 2020

    If you’re a business owner, be aware that a recent tax law extended a credit for hiring individuals from one...

    Posts

    When to write off stale receivables

    Accounts receivables are classified under current assets on the balance sheet if you expect to collect them within a year...

    Posts

    2 trust types to consider when estate planning for a blended family

    No one said estate planning is easy, and this is especially true if you have a “blended family.” The good...

    Posts

    Give your 401(k) plan a checkup at least once a year

    In many industries, offering a 401(k) plan is a competitive necessity. If you don’t offer one and a competitor does,...

    Posts

    4 steps to a stronger balance sheet

    Roughly half of CFOs believe an economic recession will hit by the end of 2020, and about three-quarters expect a...

    Posts

    If you’re planning to move overseas, it’s time for an estate plan review

    Whether you’re moving to another country for work-related reasons, retirement or simply want an opportunity to experience a new culture,...

    Posts

    How business owners may be able to reduce tax by using an S corporation

    Do you conduct your business as a sole proprietorship or as a wholly owned limited liability company (LLC)? If so,...

    Posts

    FAQs about audit confirmations

    Auditors use various procedures to verify the amounts reported on your financial statements. In addition to reviewing original source documents...

    Posts

    Do you want to go into business for yourself?

    Many people who launch small businesses start out as sole proprietors. Here are nine tax rules and considerations involved in...

    Posts

    Getting help with a business interruption insurance claim

    To guard against natural disasters and other calamities, many companies buy business interruption insurance. These policies provide cash flow to...

    Posts

    Do your employees receive tips? You may be eligible for a tax credit

    Are you an employer who owns a business where tipping is customary for providing food and beverages? You may qualify...

    Posts

    Reporting contingent liabilities

    Contingent liabilities reflect amounts that your business might owe if a specific “triggering” event happens in the future. Sometimes companies...

    Posts

    Inheriting property? Be aware of the basis consistency rules

    If you’re in line to inherit property from a parent or other loved one, it’s critical to understand the basis...

    Posts

    Look closely at your company’s concentration risks

    The word “concentration” is usually associated with a strong ability to pay attention. Business owners are urged to concentrate when...

    Posts

    The SECURE Act changes the rules for employers on retirement plans

    The Setting Every Community Up for Retirement Enhancement (SECURE) Act is the first significant retirement-related legislation in more than a...

    Posts

    Accounting for indirect job costs the right way

    Construction contractors, professional service firms, specialty manufacturers and other companies that work on large projects often struggle with job costing....

    Posts

    If you’re a non-U.S. citizen, the estate planning rules are different

    Traditional estate planning strategies generally are based on the assumption that all family members involved are U.S. citizens. However, if...

    Posts

    Cents-per-mile rate for business miles decreases slightly for 2020

    This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased...

    Posts

    What are the responsibilities of an audit committee?

    Before you jump headfirst into the year-end financial reporting process, review the role independent audit committees play in providing investors...

    Posts

    New rules will soon require employers to annually disclose retirement income to employees

    As you’ve probably heard, a new law was recently passed with a wide range of retirement plan changes for employers...

    Posts

    Benchmarking financial performance

    You already may have reviewed a preliminary draft of your company’s year-end financial statements. But without a frame of reference,...

    Posts

    Use nongrantor trusts to bypass the SALT deduction limit

    If you reside in a high-tax state, you may want to consider using nongrantor trusts to soften the blow of...

    Posts

    New law helps businesses make their employees’ retirement secure

    A significant law was recently passed that adds tax breaks and makes changes to employer-provided retirement plans. If your small...

    Posts

    Employee benefit plans: Do you need a Form 5500 audit?

    Some benefit plans are required to include an opinion from an independent qualified public accountant (IQPA) when filing Form 5500 each...

    Posts

    Nondeductible IRA contributions require careful tracking

    If, like many people, your traditional IRA holds a mixture of deductible (after-tax) and nondeductible (pretax) contributions, it’s important to...

    Posts

    Cost management: A budget’s best friend

    If your company comes up over budget year after year, you may want to consider cost management. This is a...

    Posts

    Spending bill extends tax breaks, adds retirement account provisions

    With its winter recess looming before it, Congress has engaged in a flurry of activity. Most notably, it reached agreement...

    Posts

    Nonprofits: Are you ready for the new contribution guidance?

    When the Financial Accounting Standards Board (FASB) updated its rules for recognizing revenue from contracts in 2014, it only added...

    Posts

    Wayfair revisited — It’s time to review your sales tax obligations

    In its 2018 decision in South Dakota v. Wayfair, the U.S. Supreme Court upheld South Dakota’s “economic nexus” statute, expanding...

    Posts

    IRS confirms large gifts now won’t hurt post-2025 estates

    The IRS has issued final regulations that should provide comfort to taxpayers interested in making large gifts under the current...

    Posts

    Small Businesses: It may not be not too late to cut your 2019 taxes

    Don’t let the holiday rush keep you from taking some important steps to reduce your 2019 tax liability. You still...

    Posts

    What lenders look for in a succession plan

    Business owners are urged to create succession plans for the good of their families and their employees. But there’s someone...

    Posts

    Holiday parties and gifts can help show your appreciation and provide tax breaks

    With Thanksgiving behind us, the holiday season is in full swing. At this time of year, your business may want...

    Posts

    Don’t be afraid of probate

    The word “probate” may conjure images of lengthy delays waiting for wealth to be transferred and bitter disputes among family...

    Posts

    2 valuable year-end tax-saving tools for your business

    At this time of year, many business owners ask if there’s anything they can do to save tax for the...

    Posts

    Manage your working capital more efficiently

    Working capital is the difference between a company’s current assets and current liabilities. For a business to thrive, its working...

    Posts

    The tax implications if your business engages in environmental cleanup

    If your company faces the need to “remediate” or clean up environmental contamination, the money you spend can be deductible...

    Posts

    Close-up on pushdown accounting for M&As

    Change-in-control events — like merger and acquisition (M&A) transactions — don’t happen every day. If you’re currently in the market...

    Posts

    Flex plan: In an unpredictable estate planning environment, flexibility is key

    The Tax Cuts and Jobs Act (TCJA) made only one change to the federal gift and estate tax regime, but...

    Posts

    Small businesses: Get ready for your 1099-MISC reporting requirements

    A month after the new year begins, your business may be required to comply with rules to report amounts paid...

    Posts

    BDIT lets you give away property without losing control

    By temporarily doubling the gift and estate tax exemption, the Tax Cuts and Jobs Act (TCJA) opened a window of...

    Posts

    Small businesses: Stay clear of a severe payroll tax penalty

    One of the most laborious tasks for small businesses is managing payroll. But it’s critical that you not only withhold...

    Posts

    How to keep track of small tools and equipment

    Whether it’s hard hats and drills on a jobsite, iPads in an office or RFID readers in a warehouse, small...

    Posts

    The net investment income tax is alive and well: How it can affect your estate plan

    The Tax Cuts and Jobs Act (TCJA) reduced individual income tax rates, but it left the 3.8% net investment income...

    Posts

    Business year-end tax planning in a TCJA world

    The first tax-filing season under the Tax Cuts and Jobs Act (TCJA) was a time of uncertainty for many businesses...

    Posts

    A shadow board could shed light on your company’s best future

    In many industries, market conditions move fast. Businesses that don’t have their ears to the ground can quickly get left...

    Posts

    Thinking about converting from a C corporation to an S corporation?

    The right entity choice can make a difference in the tax bill you owe for your business. Although S corporations...

    Posts

    It’s not too late to trim your 2019 tax bill

    Fall is in the air and that means it’s time to turn your attention to year-end tax planning. While several...

    Posts

    At the very least, update the financials in your business plan

    Every new company should launch with a business plan and keep it updated. Generally, such a plan will comprise six...

    Posts

    Accelerate depreciation deductions with a cost segregation study

    Is your business depreciating over a 30-year period the entire cost of constructing the building that houses your operation? If...

    Posts

    Reasons why cash is king

    In financial reporting, investors and business owners tend to focus on four key metrics: 1) revenue, 2) net income, 3)...

    Posts

    Deciding whether a merger or acquisition is the right move

    Merging with, or acquiring, another company is one of the best ways to grow rapidly. You might be able to...

    Posts

    Setting up a Health Savings Account for your small business

    Given the escalating cost of employee health care benefits, your business may be interested in providing some of these benefits...

    Posts

    The U.S. Department of Labor finalizes the new overtime rule

    The U.S. Department of Labor (DOL) has released the finalized rule on overtime exemptions for white-collar workers under the Fair...

    Posts

    Nonprofits: New alternatives for reporting goodwill and other intangibles

    Did you know that the Financial Accounting Standards Board (FASB) recently extended the simplified private-company accounting alternatives to not-for-profit organizations?...

    Posts

    Internal audit 2.0: Paperless and continuous auditing trends

    Technology is altering the traditional approach to internal audits. Instead of reviewing reams of paperwork, today’s auditor is learning to...

    Posts

    Is a self-directed IRA right for you?

    Traditional and Roth IRAs can be powerful estate planning tools. With a “self-directed” IRA, you may be able to amp...

    « 1 … 4 5 6 7 8 … 10 »

    Copy Link

    Copy

    Thank You

    We'll get back to you shortly

    Back to Homepage
    RRBB White Logo
    Badges

    Quick Links

    • About
    • Blogs
    • News
    • Events
    • Resources
    • Careers
    • Our Team
    • Testimonials
    • Make a Payment
    • Contact Us
    • Privacy Policy

    Services

    • Audit + Assurance
    • Business Tax Planning + Preparation
    • Client Advisory Services
    • Individual Tax Planning + Preparation
    • International Tax Services
    • Mergers + Acquisitions
    • SEC + Public Company Services
    • Valuation + Litigation Support

    Locations

    265 Davidson Avenue, Suite 210

    Somerset, NJ 08873

    p: (908) 231-1000 f: (908) 231-6894

    1030 Salem Road

    Union, NJ 07083

    p: (908) 352-9797 f: (908) 351-4520

    462 Seventh Avenue, 23rd Floor

    New York City, NY 10018

    p: (212) 714-0462 f: (212) 714-0460

    111 Dunnell Road, Suite 102

    Maplewood, NJ 07040

    p: (973) 763-6363 f: (973) 763-4430

    Fred Allen

    "An income tax form is like a laundry list - either way you lose your shirt."

    - Fred Allen

    Albert Einstein

    "The hardest thing in the world to understand is the income tax."

    - Albert Einstein

    Will Rogers

    "The difference between death and taxes is death doesn’t get worse every time Congress meets."

    - Will Rogers

    Copyright © 2024 RRBB, all rights reserved.

    “RRBB,” an independent member of the Crete Professionals Alliance, is the brand name under which Rosenberg Rich Baker Berman, P.A. and RRBB Advisors, LLC (including subsidiary entities) provide professional services. Rosenberg Rich Baker Berman, P.A. and RRBB Advisors, LLC (and its subsidiary entities) practice as an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable laws, regulations, and professional standards. Rosenberg Rich Baker Berman, P.A. is a licensed independent CPA firm that provides attest services to its clients, and RRBB Advisors, LLC (and its subsidiary entities) provide tax and business consulting services to their clients. RRBB Advisors, LLC (including subsidiary entities) and Crete Professionals Alliance are not licensed CPA firms. The entities falling under the RRBB brand are independently owned and are not liable for the services provided by any other entity providing the services under the RRBB brand. Our use of the terms “our firm” and “we” and “us” and terms of similar import, denote the alternative practice structure conducted by Rosenberg Rich Baker Berman, P.A. and RRBB Advisors, LLC.

    Any U.S. federal tax advice contained on this website is not intended or written to be, and cannot be used by any taxpayer, for the purpose of (i) avoiding U.S. tax penalties or (ii) promoting, marketing, or recommending to another party any transaction or matter addressed herein. The information provided here is broad in nature and is not meant to address the specific circumstances of any one person or organization. Despite our best efforts to deliver accurate and timely information, there can be no assurance that it is accurate as of the date of receipt or that it will remain accurate going forward. Without seeking the proper professional advice and conducting a full analysis of the specific circumstances, no one should act on this information.

    RRBB is a member of PrimeGlobal, a global association of Independent firms.