By Scott Lewis, CPA, MSAInventory Price Index Computation (IPIC) on LIFO for Automobile DealershipsIf an automobile dealership has elected New Vehicle LIFO (Last-in, First-Out), chances…
By Zach WimbergerOn November 19, 2021, the House of Representatives passed the Build Back Better Act (“BBBA”) for advancement to the Senate. Included in the…
By Scott Lewis, CPA, MSA New York (NY) has recently enacted a Passthrough Entity Tax (PTET) for tax years beginning after January 1, 2021. The…
By Dama Hergner, CPA The Internal Revenue Service (IRS) recently issued guidance with Notice 2021-49 (the Notice) regarding the employee retention credit (ERC). The Notice…