2021 Business Organizers Now Available

We have the business organizers available for clients who have entity returns that must be filed. Entity returns are any business taxed as an S-corporation, C-corporation or partnership. These checklists and questionnaires are required for each entity and we cannot start work without it. All packets are available as PDF files you can download, or […]

EIDL Loans Expanded to $2 Million

The U.S. Small Business Administration (SBA) has announced enhancements to the COVID Economic Injury Disaster Loan (EIDL) program, a federal disaster relief loan designed to better serve and support our small business communities still reeling from the pandemic, especially hard-hit sectors such as restaurants, gyms and hotels. The SBA increased the borrowing limit from $500,000 […]

Congress Delivers Last Minute Gift to Businesses with PPP Loans

Yesterday, Congress passed a bill with a plethora of tax law changes including some changes to the taxability of how expenses are treated for businesses with PPP loans. Until yesterday, the IRS took the position that expenses paid using funds provided by Payroll Protection Program loans were not deductible if the loan was ultimately forgiven. […]

Coronavirus Disaster Assistance for Individuals and Businesses

coronavirus disaster assistance

With the COVID-19 related shutdowns and government mandates, a wide variety of programs and assistance are becoming available for individuals and businesses. Check this site frequently for updates as we assemble a list of programs you may be able to take advantage of. If you are aware of other programs, please comment or drop us […]

Last Minute Tax Planning for 2017 Under the New 2018 Tax Bill

With Congress giving taxpayers barely a week to react before the end of the year, the new 2018 tax bill does present some unique opportunitiesĀ to do last second tax planning for 2017. Much of what can be done before year-end is standard tax planning advice. We caution that these are standard planning techniques that taxpayers […]

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