Restaurants and entertainment venues have been hard hit by the novel coronavirus (COVID-19) pandemic. One of the tax breaks that President Trump has proposed to…read more

The U.S. Senate has passed, and President Trump is expected to sign into law, a broad package of reforms aimed at the IRS. Among other…read more

Ever wonder how IRS examiners know about different industries so they can audit various businesses? They generally do research about specific industries and issues on…read more

President Biden has signed the PPP Extension Act of 2021. The new law extends the Paycheck Protection Program (PPP) application filing deadline from March 31,…read more

Act on EIDL Funding Before Year End   As the new year approaches, the future of the Build Back Better Act (BBBA) — and the…read more

The IRS recently released highly anticipated regulations addressing the deduction for up to 20% of qualified business income (QBI) from pass-through entities. The deduction was…read more

EFPR Group has the professional staff and services to help address a broad range of Business Tax Planning needs. The partners of …read more

Reviewed by Vincent Tomei, III, CPA, Partner Employee health coverage is a significant part of many companies’ benefits packages. However, the administrative responsibilities that accompany offering…read more

Are you getting ready to retire? If so, you’ll soon experience changes in your lifestyle and income sources that may have numerous tax implications. Here’s…read more

Reviewed by Christopher Johnston, CPA, Partner If your not-for-profit is looking for significant ways to cut costs, one of the best ideas is to target your…read more

The New York State Department of Taxation and Finance recently released an Advisory Opinion regarding the taxability of the temporary transfer of photographs. In this…read more

On December 22, just a few weeks following the passage of the Senate’s Tax Cuts and Jobs Act, the conference version of the bill was…read more