CARES Act funding: Ten things airports need to know
Airports have been battered by steep revenue declines after the COVID-19 pandemic caused a drastic drop in air travel, but financial help is on the way. Airports around the country should soon receive their share of $10 billion in Federal Aviation Administration (FAA) grants provided in the Coronavirus, Aid, Relief and Economic Security (CARES
Actived: 5 days ago
COVID-19 tax considerations for global mobility
(5 days ago) The IRS has also issued guidance allowing individuals who endured a “COVID-19 emergency travel disruption” to exclude from the 183-day count a single period of up to 60 days that began between Feb. 1, 2020 and April 1, 2020. Overseas residency of U.S. nationals: Similar rules will apply to U.S. employees who work in other countries
Satellite staff: Working remotely, but connected and
(1 days ago) “That meant we could sell our house sooner than we’d expected and get out and travel. So, I approached my team to discuss the possibility of moving to a remote position.” “In January 2021, we began traveling. We stayed stationary for the main “crunch” of tax season, then we returned to our adventure. Our travels, so far, have
A letter from Plante Moran Managing Partner Jim Proppe
(6 days ago) Travel guidance: Our staff will refrain from all business international air travel through April 30 and domestic air travel through April 17, at which point we’ll reevaluate. Monitoring changes: Not only are we highly focused on reports from the WHO, the CDC,
COVID-19 crisis: Response management guide Explore …
(3 days ago) Align policies to prioritize staff safety, such as travel, sick leave, PTO, and face-to-face meetings (utilize CDC and WHO guidelines). Establish remote/flexible working environments where possible. Where remote work is not possible, rapidly assess the viability of the operation to stay open.
Thinking about becoming a smart city
(9 days ago) Technologies such as intelligent traffic signals optimize traffic flow, relieving congestion during peak travel times. Other smart transportation technologies, such as smart parking management, allow cities to capitalize on additional revenue streams. Reduced congestion, growth in autonomous vehicles, and efficient vehicle routing all reduce
Joe Puglia Get to Know Plante Moran Plante Moran
(9 days ago) I spend my free time with my wife of 30+ years, and I enjoy snowboarding, baseball, travel, scuba diving, and wine. Specializes In Technology Consulting I’m a certified PADI scuba diving instructor with over 2,000 dives, including great white shark diving in South Africa, whale shark diving in the Maldives, and drift diving in Palau.
The American Rescue Plan Act: Identifying eligible uses by
(4 days ago) Expenditures qualifying under public health and economic impact can be used to respond to the public health emergency with respect to COVID-19 or its negative economic impacts, including assistance to households, small businesses, and nonprofits, or aid to impacted industries such as tourism, travel, and hospitality.
Celebrating our people Explore Our Thinking Plante Moran
(6 days ago) Celebrating our people. Our people are what make us…us. Sure, we’re auditors, tax experts, consultants, and financial advisors, but we’re also American Ninja Warrior-training, Plante Moran logo tattoo-getting people with passions like photography and travel. We think that’s worth celebrating. 4 …
Make a difference. Make your mark. Explore Our Thinking
(3 days ago) It's also our job to inspire staff as they travel along their individual career paths. Staff's job? To take ownership of their careers, find a healthy work-life balance, and make their mark. Finding the right fit. Our focus on career development starts early. When staff join the firm, it’s important they find the practice that’s the right fit.
Tax inventory accounting: Final regulations bring changes
(1 days ago) Tax inventory accounting: Final regulations bring changes. Treasury released final regulations related to tax inventory capitalization under Section 263A, commonly referred to as uniform capitalization (UNICAP). Taxpayers must comply with these final regulations for any tax year beginning after Nov. 19, 2018 (e.g. 2019 calendar tax year).
State and local tax advisor: July 2021 Explore Our
(2 days ago) travel agency services or the operation of a marketplace or that portion of a marketplace that enables consumers to receive travel agency services. For this purpose, “travel agency services” means facilitating, for a commission, fee, or other consideration, vacation or travel packages; rental car or other travel reservations; tickets for
Michelle Watterworth Get to Know Plante Moran Plante Moran
(9 days ago) Personally, I love to travel and hike; national parks are a favorite destination! In the fall, when I’m not cheering at my twin girls’ volleyball games, you’ll find me cheering on my favorite football team from my alma mater, the University of Michigan (Go Blue!).
Pamela Hill Get to Know Plante Moran Plante Moran
(Just Now) One of my favorite things to do is travel and attend Jimmy Buffett concerts around the country. It’s a chance to escape the stress of life and have fun. You might also like… Hot topics for public transportation agencies in 2021. Michael Machala. Article
Life insurance: Getting coverage in the age of a global
(8 days ago) Many are also adding restrictions for underlying health conditions and/or travel outside of the United States in the last 30 days. We’re also seeing some insurance carriers ask if applicants have knowingly come in contact with a person who’s tested positive for COVID-19, and the harshest restrictions are for those individuals who have
Shirtsleeves to shirtsleeves: Breaking the family business
(8 days ago) Consider the buggy whip, a product that was in high demand back when it was necessary to prod horses along to travel from point A to point B. This technology became obsolete as soon as automobiles appeared in the late 19th century. Today, any line of business facing that kind of obsolescence — VCRs, typewriters, etc. — has come to be known
Deduction allowed for certain prepaid expenses Explore
(1 days ago) In order to take advantage of the opportunity to deduct certain prepaid expenses, a taxpayer is required to file a Form 3115 in order to change the method of accounting with respect to that prepaid item. In many cases, this is an automatic change and a taxpayer can file the Form 3115 with the Federal Income Tax return for the year of the change.
Theresa McDowell Get to Know Plante Moran Plante Moran
(5 days ago) In my free time, I spend as much time as possible with my husband and our four girls. We also spend a lot of time road biking with a community of friends here in the Denver, Colorado area, and I’ve been fortunate to travel internationally with family and friends.
Coronavirus and the workplace: Compliance issues for
(4 days ago) Employees who travel to China should be informed that they may be quarantined or otherwise required to stay away from work until they can provide medical documentation that they’re symptom-free. There are several legal considerations that employers should keep in mind when implementing and administering a communicable illness policy.
Mark Heinrich Get to Know Plante Moran Plante Moran
(2 days ago) Friends and family know I’m an avid Cleveland Indians, Cavaliers, and Browns fan. Outside of work, I also love to hike and bike with my wife, Jen — although we spend most of our free time attending our kids’ extracurricular activities as they’re involved with travel baseball, basketball, and soccer.
Supply chain issues will get worse in 2020. Here’s what to
(4 days ago) Rates have increased three to five times, and reduction in international passenger air travel has caused 40% of air freight capacity to be removed. Bottom line: Take advantage of lower rates now and start building relationships with other carriers as …
Consumer confidence falls to lowest reading since February
(3 days ago) The growing question is how the spread of a much more contagious variant will impact travel, work, and education, both in terms of government restrictions and consumer behavior, and the economy. Those developments come at a point that the economy was already slowing as the lift provided by fiscal and monetary stimulus started to fade.
Ensure PCI compliance and minimize cybersecurity risk
(8 days ago) The guidance on remote assessment does provide for exceptions — such as travel bans and shelter-in-place orders — as long as your QSA can sufficiently document and defend the testing approach with each applicable control that requires observation for validation.
How is the COVID-19 pandemic affecting healthcare
(8 days ago) Also remember that changes to staffing could impact the number and type of interns and residents the hospital is training, and travel restrictions are hindering hospitals’ ability to obtain new foreign residents. Rural health clinics (RHCs): Small provider-based RHCs (under 50 beds) have no cap on cost per visit. Changes to available beds
Portfolio acquisitions: Valuing intangibles Explore Our
(7 days ago) Due to differences in levels of selling, marketing, travel and entertainment, and other expenses among existing customers and attracting new customers, the margin of existing customers can be incrementally higher than the company as a whole. After-tax contributory asset charges for the use of the tangible and identified intangible assets.
What you don’t know about SALT can hurt you: Identifying
(7 days ago) Technology companies can create nexus in a state simply by having an employee travel or work in that state, no matter what they are doing. While nexus is typically triggered by having a physical presence in a state, nexus can be created in some states by merely having sales in those states over a certain threshold amount regardless of physical
Sue Novak Get to Know Plante Moran Plante Moran
(8 days ago) As the leader of the EBPA practice, I oversee an area that audits more than 1,200 benefit plans annually, including 11-K financial statements, 403 (b) audits, defined contribution and benefit plans, health and welfare plans, and multi-employer plans. Every day I strive to create an environment that supports the Plante Moran culture.
Second quarter GDP data continues to point toward a
(2 days ago) As businesses reopened more fully and travel increased due to ebbing COVID-19 risk, consumer spending on services surged by over 11%. Restaurants, hotels, and transportation services all benefited from Americans leaving their homes and traveling to a much greater degree. As a result, spending on services accounted for about 75% of the total
Operating amid COVID-19: A CFO’s checklist Explore Our
(1 days ago) Operating amid COVID-19: A CFO’s checklist. Things have changed since the start of the pandemic, and our operating procedures need to reflect that. It’s time for CFOs to move from short-term survival mode to long-term planning as we settle in for a long recovery. At the start of the COVID-19 pandemic, we envisioned a three-phase recovery:
Facing the COVID-19 aftermath: Impact on municipal
(3 days ago) Facing the COVID-19 aftermath: Impact on municipal revenues. Now is the time to think about how your municipality will change post-COVID-19. Understanding the revenue picture will be a key challenge. How you meet it will determine your ability to continue to serve your community and maximize economic recovery.
Construction contractors and the PPP: Documentation
(4 days ago) Construction companies should consider the optics of business decisions made during this time and whether they might be scrutinized — items such as new vehicle purchases, excess distributions to shareholders, or excessive travel items might be deemed nonessential and should be deferred or documented as to their necessity.
Along this paschal journey: A reflection for religious
(2 days ago) When the travel restrictions are lifted and the social distancing requirements are relaxed, when we can worship in local churches again and your motherhouses or provincial houses can freely welcome your neighbors and guests, when we can embrace a loved one and eat with a friend, we will do so in a very different world than we once knew.
Seven senior living facility improvements arising from the
(3 days ago) Points of entry and traffic flow throughout the facilities should be closely examined. Some communities have assigned or restricted access for staff, residents, vendors, and visitors. To minimize cross-contamination, paths of travel should be evaluated, by role, seasonally. Using a campus gatehouse can better ensure your policies are followed.
Real estate investment opportunities in a market impacted
(3 days ago) Challenges facing travel and hospitality. Not reflected in Nareit’s survey is hospitality and lodging performance. STR, a leading source for hotel data, has reported stark declines across all hotel performance metrics. As of September, year-over-year average occupancy was down 28% overall to 48% occupancy, the average daily rate was down 25%
Tax changes fuel China businesses Explore Our Thinking
(1 days ago) The new policy will further reduce the tax burden for companies on employees’ business-related travel costs. Super deduction of input VAT applied to services industry: Although the services sector doesn’t directly benefit from the VAT rate cut under the new policy, the State Council has issued additional regulations to lower tax burdens for
Brave new world: Credit quality during COVID-19 Explore
(1 days ago) Hotels/motels: current Smith Travel Accommodation Reports (STAR); current internal company-prepared financial statements; and occupancy and average daily rate (ADR) projections Residential income R/E: current rent rolls; current operating statements; status of property taxes; and deferred maintenance
What drives the success of a wellness culture in senior
(2 days ago) This article was created in tandem with Jan Montague, MGS, Executive Director of San Clemente Village and President of Whole-Person Wellness International.. Wellness is more than a mere trend in senior living. It’s becoming the preferred lifestyle of adults across the United States who are choosing a way of life centered on wellness and fulfillment as they define it for themselves.