Senate Bill 523 was passed, which authorized pass-through entities (PTEs) to elect to be taxed at the entity level for state income taxes.Read More
Archive for the ‘Business’ Category
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The Possible Tax Consequences of PPP Loans
Businesses that received PPP loans should be aware of the tax consequences. Here’s a look at the issue.Read More
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Paid Family and Medical Leave Under the Families First Act
The Families First Act requires certain employers to provide paid family and medical leave to employees unable to work due to COVID-19 concerns.Read More
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Managing Supply Chain Disruptions Post COVD-19
Shutdowns caused by the COVID-19 pandemic have lead to worldwide supply chain disruptions, leading construction firms to have costly job delaysRead More
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Why Do Partners Sometimes Report More Income on Tax Returns Than They Receive in Cash?
In some cases, partners may be taxed on more partnership income than was distributed to them from their partnerships. Here’s why.Read More
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Cares Act Provisions May Boost Cash Flow
Here are CARES Act provisions that can help construction companies (and other businesses) reduce their tax bills and, thereby, boost their cash flows.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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Managing Cash Flow Amid a Crisis
The COVID-19 pandemic is wreaking havoc on the world economy, and business owners are feeling it. Here are a few tips for managing cash flow.Read More
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Increase the Chances of Having Your PPP Loan Forgiven
You got a loan from the Paycheck Protection Program…now what? Here are a few steps you can take to help ensure your PPP loan is forgiven.Read More
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New COVID-19 Law Makes Favorable Changes to “Qualified Improvement Property”
The law providing relief due to the coronavirus (COVID-19) pandemic contains a beneficial change in the tax rules for qualified improvement property (QIP)Read More