What You Need to Know About Employee Retention Credits and Government Shutdown Orders

05/07/2021

As featured in Accounting Today The Employee Retention Tax Credit has been a welcome lifeline to many struggling businesses and those most significantly impacted by the economic uncertainty around the COVID-19 pandemic. The ERTC, similar to the PPP loan, has helped support small businesses through a refundable credit associated with employee retention. The original ERTC … Read More

KBKG Tax Insight: Transfer Pricing Changes Drive Tax Savings for Coronavirus Impacted Companies

11/04/2020

As featured in Accounting Today Intercompany pricing corrections now can help generate cash by utilizing tax net operating losses. In a pandemic environment, longstanding transfer pricing policies can lead to suboptimal tax results. Multinationals that incur losses in some locations while earning generous profits in others could be overpaying taxes. For many companies, modifications to … Read More

KBKG Tax Insight: Senate Finance Committee Discusses Potential for New Coronavirus Bill that Would Allow Accelerated Federal Tax Breaks

06/23/2020

As the Coronavirus pandemic continues to impact the country and economy, the Senate Finance Committee is continuing to discuss ways to help American businesses weather the storm. According to insiders, the potential proposal, which could be as large as $1 Trillion in relief funds, will include a provision that would remove limitations on businesses that … Read More

KBKG Tax Insight: Senate Passes $2 Trillion Stimulus Package – CARES Act

03/26/2020

For the most up-to-date information on Qualified Improvement Property, see our latest post. On March 25, the Senate unanimously approved the Coronavirus Aid, Relief, and Economic Security (CARES) Act and sent it to the House for voting. If passed by the House, the President is expected to sign into law. The bill includes the following: … Read More