Construction companies need to make the most of depreciation deductions that can reduce their tax bills.
Employers that keep workers on their payrolls are eligible for a refundable Employee Retention Tax Credit, which has been extended and enhanced.
The Small Business Administration (SBA) announced that PPP loans reopened the week of January 11. Here’s a look at the tax consequences.
New guidance for the PPP program has been released related to second-draw PPP loans that were authorized by the Consolidated Appropriations Act.
Congress finally passed legislation that corrects a drafting error related to real estate qualified improvement property and first-year bonus depreciation.
The CARES Act eases the rules for claiming certain tax losses and liberalizes rules for NOL carryforwards. Here’s a look at the modifications.
The CARES Act temporarily relaxes the limitation on deductions for business interest expense. Here’s the story.
As the year draws to a close, year-end tax planning may be more important than ever before. Here are three strategies to consider.
The CARES Act made changes to excess business losses, including some changes that are retroactive and some that may create opportunities to file an amended return.
On August 8, President Trump signed four executive actions, including a Presidential Memorandum to defer the employee’s portion of Social Security taxes for some people.