Here are the most important things to know about the PPP loan program, second-draw loans and loan forgiveness.
Latest Changes to PPP Loan Program Beneficial For Borrowers
Category: Posts
What Home Office Expenses can I Deduct?
If you’re self-employed and run your business from home, you might be able to claim deductions for home office expenses against your business income.
How to Prepare for the April 15th Tax Filing Deadline
The April 15th tax filing deadline will be here soon. Here are some tips to help ensure you are adequately prepared and have a better tax filing experience.
How to Structure a Merger or Acquisition Deal
If you are considering buying or selling a business, it’s important to understand the tax implications.
Tax Limits for Businesses Increase for 2021
A number of tax limits that affect businesses are annually indexed for inflation, and many have increased for 2021.
When Interest Rates Go Low, it’s High Time for Estate Planning
With interest rates at historic lows and the value of many assets depressed, now may be an ideal time for estate planning.
Mileage Rate for Businesses Decreases Again for 2021
This year, the cents-per-mile rate used to calculate the deductible costs of operating a vehicle for business decreased to 56 cents per mile.
Keep Employees on your Payroll with the Employee Retention Tax Credit
Employers that keep workers on their payrolls are eligible for a refundable Employee Retention Tax Credit, which has been extended and enhanced.
1099 Forms Due to Recipients Soon
There’s a new IRS form for business taxpayers that pay or receive certain types of nonemployee compensation (Form 1099-NEC), and it’s due soon.
PPP Loans Reopen: Tax Consequences Change
The Small Business Administration (SBA) announced that PPP loans reopened the week of January 11. Here’s a look at the tax consequences.