Owning your own small business is a dream that few are fortunate enough to realize, but even those new to the joys of entrepreneurial self-determination need to spend time thinking about how you’re going to eventually leave the business. No matter how far off it may seem, the best way to ensure that your time […]
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Interaction between PPP Loans and the Employee Retention Credit
The Consolidated Appropriations Act, 2021 (CCA), which was passed by Congress and signed by the president late last December, included a very tax-beneficial provision that liberalized the interaction between PPP loans and the Employee Retention Credit (ERC). Prior to its passage, if an employer obtained a Paycheck Protection Program (PPP) loan, the employer was ineligible […]
Coronavirus Resource Guide: Small Businesses & Taxpayers
Covid-19 Resource Guide for Business This Coronavirus Resource Guide for Business is to keep you up to date during the coronavirus pandemic. It’s our goal to continue supporting the health, safety, and prosperity of our clients in any way we can. In this post, we’ve compiled some key resources for taxpayers and small business owners […]
7 Tax Prep Tips for Everyone
These Tax Prep Tips Helps Everyone get over the Agony of Tax Season It amazes us how tax preparation is one of those things people hold off until the last minute. Why? I can understand if you owe money, but why run the risk of paying a penalty? And, let’s say you overpaid the IRS […]
Tax Day is Coming Soon! Did You File?
Tax day is just around the corner, are you ready? April 17th is the tax filing due date this year, thanks to the 15th falling on a weekend. And, Emancipation Day helped, because Washington DC observes it on Monday, April 16th. Or, you can watch our video at the bottom of this blog. Tax day […]