Featured Content

MWE featured news,
articles, videos and more.

MWE Advisor August Highlights

MWE Advisor Masthead - MWE Advisor August Highlights

August highlights from The MWE Advisor: Some companies may qualify for a refund if they amend previous tax returns with net operating losses; Five mid-year tax planning ideas for small business owners; The FASB issued guidance that defers the effective dates of the updated standards on leases and revenue recognition rules for certain entities.

Salvaging Tax Benefits from New NOL Rules

Due to the COVID-19 pandemic, many small and mid-sized businesses expect to have significant net operating losses (NOLs) in 2020. But the Coronavirus Aid, Relief and Economic Security (CARES) Act provides some tax relief. In fact, companies may qualify for a refund if they amend previous tax returns with NOLs. This article provides details. Read More

5 Mid-Year Tax Planning Ideas for Small Business Owners

From the pandemic to new tax laws, small business owners face substantial volatility as they implement tax planning strategies in 2020. Uncertain market conditions are expected to persist at least until the November elections — and possibly even longer. Here are some moves to consider mid-year based on recent changes to the tax law. Read More

FASB Offers Reprieve from Updated Lease and Revenue Recognition Rules

In June, the Financial Accounting Standards Board (FASB) issued guidance that defers the effective dates of the updated standards on leases and revenue recognition rules for certain entities. The FASB has also issued a proposal that, if approved, would defer the updated guidance for long-term insurance contracts. Here are the details, along with a deferral of the credit loss update under the Coronavirus Aid, Relief and Economic Security (CARES) Act. Read More


July Highlights>>> | Subscribe to our newsletter today

Contact Us
reCAPTCHA
Sending
Long Island

1500 RXR Plaza - West Tower, Uniondale, NY 11556
T 516.747.2000 // F 516.747.6707

New York City

757 Third Avenue, Suite 2002, New York, NY 10017
T 212.973.1000 // F 212.973.1004

Grand Cayman

27 Hospital Road, Fifth Floor, P.O. Box 1748GT
George Town, Grand Cayman, Cayman Islands, B.W.I