Insights

3 ways to tell if you’re ready for a digital transformation

Plenty of companies talk about embracing digital transformation. But being ready to take that step is an entirely separate conversation.

Digital readiness speaks to how prepared you are to capitalize on opportunities to grow your business. Do you have the tools, the data and the know-how to quickly pivot when your market shifts? Likewise, do you have the infrastructure to support your digital ambitions?

11/30/20
Services: Consulting, Tech Consulting

IRS issues guidance on disallowing PPP-funded expenses for 2020 tax year

On November 18, the IRS released Revenue Ruling 2020-27, which states that a taxpayer who reasonably expects full PPP loan forgiveness is not allowed to deduct expenses up to the loan forgiveness amount for the year in which the expenses are incurred.

11/19/20
By: Gregory G. Butler
Services: Tax

IRS issues guidance on when a taxpayer can deduct PPP-funded expenses

On November 18, the IRS released Revenue Procedure 2020-51, which provides a safe harbor rule on when a taxpayer can deduct expenses funded with a PPP loan.

11/19/20
By: Gregory G. Butler
Services: Tax

3 ways to address and prevent employee burnout

Is your organization on guard against employee burnout? How are you addressing it when you find it? What are you doing to proactively prevent it?

11/19/20
By: Heather L. Debelak
Services: Consulting, Talent and Change

IRS says state taxes paid by pass-through entities are not subject to SALT limit

On November 9, the IRS released Notice 2020-75 announcing its plan to issue proposed regulations that many have been waiting for. The regulations will confirm that entity-level state and local taxes (SALT) imposed on pass-through entities are not subject to the $10,000 SALT deduction limit.

11/19/20
By: Gregory G. Butler
Services: Tax

What are RTOs and RPOs in business continuity planning

There’s a fair chance that you would like to see your business survive any future disaster, and potentially any issues that follow. To predict a business’s next disaster is all but impossible but simple to prepare for, particularly if you have an effective Business Continuity Plan.

11/18/20
Services: Consulting, Business Continuity

What the DoJ’s new guidance on corporate compliance programs means for your company

On June 1, 2020, the Department of Justice (DoJ) released its third round of guidance for its Evaluation of Corporate Compliance Programs, which was first issued in 2017. 

The 2020 release continues to provide guidance for prosecutors to 1) conduct investigations of corporations, 2) determine the necessity of bringing charges against a corporation and 3) conduct plea or other agreements. The guidelines emphasize the importance of evaluating the corporation’s compliance program and system of internal controls, including how these endeavors may deter or discover future misconduct.

11/18/20
By: Brett Merkel, Marc W. Courey
Services: Consulting, Fraud and Forensic Services

Present value calculations: Know what’s reflected in your discount rate

Economic damages can take many forms, from historical amounts to the projection of financial losses into the future.

When you translate the future amounts back to the present time, it’s generally referred to as “present value discounting.” One important variable in this calculation is the selection of a discount rate.

11/17/20
By: Allen E. Jacque
Services: Consulting, Business Valuations