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Corporate Tax Return Prep

Corporate Tax Return Prep

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Archives for March 2020

SBA Small Business Disaster Loans for Relief During Coronavirus Outbreak

March 23, 2020 by Alex Franch, BS EA

During the Coronavirus Outbreak the Small Business Administration Provides Business Distaster Loans SBA Small Business Disaster Loans are available. The U.S. Small Business Administration (SBA) has never faced a challenge like the COVID-19 outbreak, but they’re stepping up to help small business owners who are suffering financially during these uncertain times.   The SBA’s mission […]

Filed Under: business, small business Tagged With: Coronavirus, Covid-19, Disaster Relief, Growing Your Business, SBA Disaster Loans, SBA Small Business Disaster Loans

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Work Opportunity Tax Credit: Congress Extends WOTC One More Year

March 18, 2020 by Alex Franch, BS EA

President Trump signed into law the Appropriations Act of 2020 last December 20, 2019. This law includes a number of tax law changes, as well as extending certain tax provisions. These provisions either expired after 2017 or were about to expire. Also, a number of retirement and IRA plan modifications, and other changes that will […]

Filed Under: business, tax credits Tagged With: Certification Process, Congress Extends Employer Tax Credit, Credit Determination, Eligible Employees, Employer Tax Credit, Employers' hiring tax credit, Other Issues, Potential Credit, Work Opportunity Tax Credit, Workers Opportunity Tax Credit, WOTC

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The Difference Between an Audit, a Review and Compilation

March 2, 2020 by Alex Franch, BS EA

When it comes time for financial documents to be corroborated, the three options available are an audit, a review and compilation. Each of these represents a very different degree of effort and investigation, and therefore each provides differing levels of confidence for investors and lenders. Let’s take a closer look at all three. The Compilation […]

Filed Under: Audit, business Tagged With: audit, business, business financial audit, business financial compilation, financial review, review and compilation

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