Related News & Posts
Comprehensive Overview of the Paycheck Protection Program
April 14, 2020
By Will Johnson and Perry MacLennanOn March 27, President Trump signed the Coronavirus Aid, Relief and Economic Security (CARES) Act, a historic $2 trillion stimulus package to provide financial assistance to individuals and businesses. One of the most important components of the CARES Act is the Paycheck Protection Program (PPP), administered by the Small Business Administration (SBA).
Tax Deadline Updates for Opportunity Zone Investments
April 14, 2020
On April 09, 2020, the Department of Treasury and the IRS announced Notice 2020-23, which extends key tax deadlines related to Section 1031 Like-Kind Exchanges and Opportunity Zones.HSB and Synergi Partners Host Webinar on Coronavirus Relief Credits
April 09, 2020
Haynsworth Sinkler Boyd and Synergi Partners provided an overview of the economic relief options currently available to employers in the FFCRA and CARES Act during a webinar on April 7, 2020Will Johnson Interview Featured in the Municipal Association of South Carolina Newsletter
April 02, 2020
The Municipal Association of South Carolina (MASC) interviewed Will Johnson, chair of Haynsworth Sinkler Boyd’s Economic Development practice group, for its April issue of Uptown, the MASC’s monthly newsletter.Tax Provisions in the CARES Act
April 01, 2020
On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act (H.R.748). The law is the third phase of a comprehensive federal government effort to address concerns arising from the COVID-19 pandemic, following on the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020 (Public Law 116–123) and the Families First Coronavirus Response Act (Public Law 116–127).IRS Proposed Regulations Erode South Carolina Conservation Easement Tax Credit
August 30, 2018
On August 23, 2018 the Internal Revenue Service issued Proposed Regulations regarding the $10,000 cap on the deductibility of state and local taxes imposed under the Bipartisan Budget Act of 2018 (Code Section 164(b)(6)).
Key Takeaways from Our 2017 Corporate Law for Accountants Seminars
January 25, 2018
Haynsworth Sinkler Boyd recently hosted our annual Corporate Law for Accountants Seminars across South Carolina. These complimentary seminars covered three main topics: (1) operating agreements, (2) employment law and (3) state and local tax updates.
IRS Issues Final Regulations for Electing Out of Centralized Partnership Audit Regime
January 16, 2018
The IRS has issued final regulations under IRC § 6221(b), implementing rules for electing out of the new centralized partnership audit regime enacted under the Bipartisan Budget Act of 2015. The final regulations under IRC § 6221(b) are effective for partnership tax years beginning after December 31, 2017, the same effective date of the new partnership audit regime.
New IRS Audit Rules to Impact Partnerships (LLCs) in 2018
December 19, 2017
For tax years beginning after December 31, 2017, a new centralized audit regime for partnerships and LLCs will take effect. Currently, audit adjustments made by the Internal Revenue Service for partnerships (LLCs) are made at the individual partner (member) level with assessment and collection at the individual partner (member) level.
