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PKF Mueller is a certified public accounting (CPA) and financial advisory firm, which has served clients in the Chicago metropolitan area since 1968. We offer a broad range of services for corporations, business owners, executives, and independent professionals.
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IRS Determines Tax Treatment of Paycheck Protection Program (PPP) Expenses
After months of anticipation, the IRS issued a new ruling and procedural guidance on November 18, 2020, announcing guidance on the tax deductibility of expenses related to Paycheck Protection Program (PPP) loans that have not yet been forgiven (Revenue Ruling 2020-27 and Revenue Procedure 2020-51).
What Foreign Companies should know about E-Commerce & Sales Taxes when Doing Business in the United States post Wayfair Decision
Foreign companies that have activity within the U.S., whether in the form of physical presence or an economic presence, should closely review implications of the U.S. sales tax system.