June 4, 2021 - If your company does any research and development (R&D), the R&D tax credit can minimize your tax liability. But it's not just for manufacturers and engineers. In fact, you probably do more qualifying R&D work than you think,...
April 30, 2021 - The Small Business Administration has announced that the Restaurant Revitalization Fund will open for registration by qualifying restaurants on April 30 at 9 am EST, with these same restaurants able to submit applications...
March 26, 2021 - The American Rescue Plan Act of 2021 included many provisions affecting businesses, pensions, payroll, and individuals. Below are some of the provisions affecting individuals.
March 17, 2021 โ Acknowledging pressure from both Congress and tax and accounting groups, the IRS announced today that it plans to extend this yearโs tax deadline from April 15 to May 17. While the IRS has not yet provided formal guidance, the...
March 10, 2021 - The House of Representatives has passed another stimulus bill (the American Rescue Plan Act of 2021) which was recently passed by the Senate. The bill now goes to the President who is expected to sign the legislation.
February 9, 2021 - Gifting is a rewarding and smart way to pass assets to your family, friends, or favorite causes. If done correctly and as part of an overall gifting strategy, you can direct your wealth to those you want to benefit and avoid...
January 7, 2021 โ Most of the excitement from the Consolidated Appropriations Act (CAA) came from clarity on the deductibility of PPP expenses and the additional stimulus checks. However, Congress also passed a very favorable extension and...
December 16, 2020 - The Families First Coronavirus Response Act (FFCRA), signed into law by President Trump in March 2020, requires certain employers to provide employees with paid sick leave and expanded family and medical leave for reasons...
November 19, 2020 - On November 18, 2020, the IRS released additional guidance (Revenue Ruling 2020-27 and Revenue Procedure 2020-51) regarding the deductibility of expenses related to the Paycheck Protection Program when loan forgiveness is not...
November 2, 2020 - If there's one thing that's certain, it's that "uncertainty" has been the operative word over the course of 2020. As things sit today, businesses are trying to operate in the middle of a global pandemic, there is an election...
