So many things may change if and when Joe Biden becomes President.
We know there are people saying…
1) It’s unknown
2) It’s contested
3) Biden won
Either way, what do you do before the end of this year?
If … Read More
1
Dec, 2020
24
Nov, 2020
Biden Win? Contested? Unknown?
So how do you do tax planning without knowing what the tax law will be next year?
Very carefully.
We know the current situation, and we know if the outcome goes one way, we could be seeing changes across:
● … Read More
20
Nov, 2020
Audit-Proofing your Tax Returns
The IRS has apparently caught up on processing their backlogged mail that stacked up during COVID closures. Or, well enough, they say.
That means that they are now resuming the mailings of tax-due notices to taxpayers with outstanding tax bills. … Read More
13
Oct, 2020
Some PPP Forgiveness News…
You might have seen some rumors on this already, but I wanted to help make everything clear for you…
A few weeks back I told you that there were some tax professional rumors circulating about “automatic forgiveness” for PPP loans … Read More
16
Sep, 2020
New CDC Eviction Rule
Floating under the radar during so much NOISE the past couple weeks … the CDC announced a halt to evictions for residential renters, and that starts THIS WEEK.
First of all, the authority the CDC cites to establish this rule … Read More
11
Sep, 2020
Do you accept credit cards? Then read this.
You may have already heard about the multi-billion-dollar legal settlement if you accepted credit cards from 2004-2019.
Here’s the warning: you do NOT need a lawyer to claim your part of this settlement. But there are lawyers now advertising to … Read More
21
Jul, 2020
Cash is King…Especially Now
Cash flow has always been the lifeblood of any business. With COVID cases raging in some states and creeping upwards in our region, it is clear the pandemic will be with us for the foreseeable future. Whether your business remains … Read More
7
Jul, 2020
Will PPP Loans and EIDL Advance be Taxable?
PPP Loans
The IRS has clarified that if your loan money is forgiven, it won’t be considered taxable income. BUT, nor will it be eligible for tax deductions, even though you likely used it for expenses that normally would be … Read More
6
Jul, 2020
PPP Loan Forgiveness Applications Due Dec. 31, 2020 – But Please Don’t Wait Until the Last Minute!
While the deadline gives everyone some breathing room, there are several different permutations that will be calculated to determine the best way for you to file for forgiveness. And there will be a flood of applicants at the end of … Read More
23
Jun, 2020
More PPP Guidance Released by the SBA
The SBA has issued more clarifications on the PPP… YES, it continues to get more complex. See the details below and please contact us if you have questions about how (and when) to best document, calculate and submit your Loan
