New Forms 1099-NEC, “Nonemployee Compensation” and Form 1099-MISC, “Miscellaneous Income,” are due to recipients by February 1st.Read More
Blog
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Revised PPP Loan Forgiveness Application Forms Released
The SBA and US Treasury have released revised PPP forgiveness application forms for first and second-draw Paycheck Protection Program borrowers.Read More
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CAA Provides Option to Delay Implementing the Updated CECL Standard
The CAA allows certain banks and credit unions to temporarily delay implementation of the controversial current expected credit loss (CECL) standardRead More
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Employee Retention Credit Changes Under the CAA
The Consolidated Appropriations Act made big changes to the Employee Retention Credit by expanding and extending it. Here’s what you need to know.Read More
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New Stimulus Package: Tax Changes for Individuals
Here are some of the major tax changes for individuals in the new stimulus package, The Consolidated Appropriations Act, 2021.Read More
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Business Tax Changes in the New Stimulus Package
Here are some of the business tax changes and extenders in the new stimulus bill, the Consolidated Appropriations Act, 2021.Read More
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Second Round of PPP Loans: Here’s What the Consolidated Appropriations Act Changed
The new COVID-19 stimulus package, the Consolidated Appropriations Act, provides a second round of PPP loans and makes big changes to the program.Read More
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The QBI Deduction Basics and How to Qualify
Some taxpayers may be able to achieve significant savings with the QBI deduction by taking certain steps at year end.Read More
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Update: PPP Expenses are Tax-Deductible
The $900 billion COVID-19 relief bill reopens the Paycheck Protection Program and ensures expenses paid for with forgiven PPP loan funds will be tax deductibleRead More
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How COVID-19 Could Impact Year-End Inventory Counts
It’s almost time for year-end inventory counts. You might need to alter your approach if COVID-19 cases are rising in locations your inventory is stored.Read More