The “Trust Fund Recovery Penalty” is among the more dangerous tax penalties facing business owners and managers with employees. Here’s why.Read More
Blog
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Accounting for Cloud Computing Arrangements
Cloud computing is reshaping the storage of information, but setup can be costly. Here are new accounting rules that clarify how to account for these costs.Read More
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Tax-Favored QSBC for the COVID-19 Era and Beyond
The COVID-19 crisis has taken a toll on many small businesses. But some winners are expected to emerge from the wreckage. Unprecedented steps will be taken to…Read More
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Applying for PPP Loan Forgiveness Early
Interim guidance released by the Treasury and SBA declare PPP recipients can apply for PPP loan forgiveness before the end of their Covered Period.Read More
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COVID-19 Crisis May Affect Tax Angles for Rental Property Losses
The COVID-19 crisis may affect tax angles for rental property losses. Here is a summary of important federal income tax rules for such losses.Read More
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Paycheck Protection Program Flexibility Act (PPPFA)
The Paycheck Protection Program Flexibility Act (PPPFA) aims to make it easier for PPP loan borrowers to receive forgiveness. Here are the key points.Read More
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Rioting Damage at Your Business? You May Be Able to Claim Casualty Loss Deductions
If your business was damanged during the recent riots, insurance may cover some, or all of the losses, and you might also qualify for a tax break.Read More
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How to Plan for a PPP Audit
The SBA and Treasury announced PPP loan borrowers of $2 million or more should expect an audit. Here are some ideas to help facilitate the process.Read More
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Overcoming the Challenges of Remote Auditing During the COVID-19 Crisis
Here is how you can facilitate the transition to remote auditing and help ensure timely, transparent financial reporting.Read More
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IRS Releases 2021 Amounts for Health Savings Accounts
There are many advantages to Health Savings Accounts. Here are a few of them, along with the HSA inflation-adjusted amounts for the 2021 calendar year.Read More