March 29, 2021/Furniture Insights

March 2021 Furniture Insights

According to our latest survey of residential furniture manufacturers and distributors, new orders in January 2021 continued the rapid increases compared to the previous year. New orders were up 27% compared to January a year ago, the same percent increase as last month. This marks the 8th straight month that orders were higher than the previous year.

March 12, 2021/Tax, Business Planning, COVID-19

American Rescue Plan Act of 2021 Becomes Law

President Biden signed the $1.9 trillion American Rescue Plan Act of 2021 (ARPA) into law on March 11, 2021. Key provisions of this act allow for additional stimulus funds and is the 6th bill enacted by the federal government that focuses on COVID relief. Relief from this bill impacts both businesses and individuals and provides […]

COVID’s Impact on EBITDA

When buying or selling a company (now or in the future), it is important to recognize the impact that COVID has had on businesses. For most, COVID has had both positive and negative impacts on financial results. It’s time to familiarize yourself with the term EBITDAC (Earnings Before Interest Taxes Depreciation Amortization and COVID). 

March 2, 2021/Tax, COVID-19

Employee Retention Credit Update

The Employee Retention Credit has become a hot topic for 2020 and into 2021. We provide general information regarding 2020 retroactive changes to the credit, as well as the credit’s extension through 2nd quarter of this year.

February 25, 2021/Furniture Insights

February 2021 Furniture Insights

December furniture orders are trending up with December 2020 orders up 27% over December 2019 with around 84% of our participants reporting increases in our latest Furniture Insights.

January 28, 2021/Furniture Insights

January 2021 Furniture Insights

Furniture order growth continued to be positive, despite with the pace of growth slowing down a bit in November, with new orders up 17% in November compared to November 2019 in our latest Furniture Insights.

January 13, 2021/Tax, Business Planning, COVID-19

Employee Retention Credit Improvements

The Consolidated Appropriations Act of 2021 (Act), signed into law on December 27, 2020, contains significant enhancements and improvements to the Employee Retention Credit (ERC). Learn more about how these updates may impact your business.

January 5, 2021/Tax, Business Planning

January 2021 Payroll Tax and Compensation Reminders

As we ring in the new year, we would like to remind you that this year many not be the same as 2020 when it comes to payroll taxes and compensation and benefit matters. This alert highlights various areas of change and what employers should be focusing on as they review year-end payroll.

December 31, 2020/Tax, COVID-19

2021 Changes to Paycheck Protection Program

The new Consolidated Appropriations Act includes a second draw of Paycheck Protection Program (PPP) loans. It also allows businesses to deduct ordinary and necessary expenses paid from the proceeds of PPP loans. 

December 29, 2020/Furniture Insights

December 2020 Furniture Insights

Positive results continue for the furniture industry in our latest Furniture Insights. New orders in October increased over the same period from a year ago for the fifth straight month, increasing 40% over October 2019.

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