Tourism Law In Colombia And The Tax Benefits

The last 31st of December 2020 the Colombia Government issued a modification of the Law 300 of 1996 through the tourism law 2068 of 2020, that has the principal purpose of promote sustainability implement mechanisms for the conservation, protection and use of tourist destinations and attractions, as well as strengthen the formalization and competitiveness of […]

Miguel Torres RuizPartner, AL Partners

SMPA Advisory Ltd joins IR as the exclusive Accounting Services Member in Cyprus

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Savvas Papasavvas of SMPA Advisory Ltd. Savvas has joined IR as our exclusive Accounting Services Member in Cyprus. SMPadvisory|Global is an experienced accountancy practice based in Limassol, Cyprus. We’re a firm of chartered accountants and registered auditors supporting entrepreneurs and  businesses to […]

Savvas PapasavvasPartner, SMPA Advisory Ltd

New Covid-19 Relief Bill Signed Into Law

On December 27, President Trump signed into law the COVID-19 relief bill that was passed by Congress on December 21, 2020. The legislation, the Consolidated Appropriations Act, 2021, extends weekly benefits for unemployed workers, and provides more than $300 billion in aid for small businesses. It also ensures tax deductibility for business expenses paid with […]

Robert L. PiosoFounder, Rich Coast Accounting

New Law Permits Deduction Of Ppp Expenses

The Consolidated Appropriations Act, 2021, signed into law on December 27, 2020, specifies that business expenses paid with forgiven PPP loans are tax-deductible. This supersedes previous IRS guidance which stated that these expenses could not be deducted. The Appropriations Act clarifies that “no deduction shall be denied, no tax attribute shall be reduced, and no […]

Robert L. PiosoFounder, Rich Coast Accounting

New Round Of Stimulus Payments Authorized

The Consolidated Appropriations Act, 2021, which was signed into law on December 27, 2020, directs the Department of the Treasury to deliver additional Economic Impact Payments (known more popularly as “stimulus payments”) to U.S. citizens and residents. These payments are generally $600 for singles and $1,200 for married couples filing a joint return. In addition, […]

Robert L. PiosoFounder, Rich Coast Accounting

Drummond Advisors joins IR as the exclusive Accounting Services Member in US – Massachusetts

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Michel de Amorim of Drummond Advisors. Michel has joined IR as our exclusive Accounting Services member in US – Massachusetts. Drummond Advisors provides international consulting services to Brazilian and American companies, with a focus in the areas of law, accounting, tax and business […]

Michel de AmorimPartner, Drummond Advisors

Drummond Advisors joins IR as the exclusive Accounting Services Member in US – Massachusetts

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Bruno Drummond of Drummond Advisors. Bruno has joined IR as our exclusive Accounting Services member in US – Massachusetts. Drummond Advisors provides international consulting services to Brazilian and American companies, with a focus in the areas of law, accounting, tax and business development.  […]

Bruno DrummondPartner, Drummond Advisors

IRS Confirms Expenses Paid With Ppp Loans Not Deductible In 2020

In guidance issued in late November, the IRS confirmed that taxpayers that received a Paycheck Protection Program (PPP) loan and that paid eligible expenses with proceeds from that loan cannot deduct those expenses in the tax year in which the expenses were paid if, at the end of that tax year, the taxpayer reasonably expects […]

Robert L. PiosoFounder, Rich Coast Accounting

M. Gary Matser participates in IR Global Guide: International Expansion: Building your Business Overseas

Foreword by Andrew Chilvers Despite these uncertain times, expanding overseas can be a key driver for future growth for an ambitious business. International expansion can breathe new life into a company, drive huge value and set it on a path of continued success. Expanding a business overseas is a strategic opportunity that will help diversify […]

M. Gary MatserPartner, Sentinel Accountants & Consultants