IRS Problems and Delays, Tax Season Updates and Deadlines!
We are staying on top of it ALL for YOU! Due to the government and IRS disruption from COVID-19...
22 February, 2021
/ 0 Comments
COVID-19
NEW STIMULUS FUNDS AVAILABLE: Important updates to the prior email sent on 12/21/2020
On 12/21/2020 -- We provided you with much of this information before the newest Stimulus Bill was even signed into law on 12/27/2020 - EVEN BEFORE THE NEWS MEDIA! However, BELOW is the most current IMPORTANT information, further clarification, additions and reminders: 1. PPP Loan Forgiveness will...
26 January, 2021
/ 0 Comments
Use our ShareFile Secure Client Portal to share your records and accounting information with us!
Hi Everyone! If you are one of our valued bookkeeping and accounting clients that we take care of throughout the year, I just wanted to remind you that we now have a secure client portal for you to use to submit your ongoing financial information...
04 January, 2021
/ 0 Comments
Work with us 100% virtually this tax season for your individual and business tax returns!
Take a look at Todd’s short video about this easy tax season process, and our new emailed tax organizer, so that we are able to take great care of you VIRTUALLY this tax season! With COVID-19 concerns, all of our clients have been contacting us about...
04 January, 2021
/ 0 Comments
A NEW Stimulus Bill is to be released and signed soon!
Here is what we know now. More details to come in the following weeks! AS OF 12/21/2020 What is in this NEW Stimulus Bill? Information from trusted sources is here NOW ready for you, our valued client! In a contiued effort to stay on top of the most...
21 December, 2020
/ 0 Comments
If you maintain a home office, you may be entitled to a special tax break on your commuting costs
Now, more than ever, many small business owners are working from home. While Zoom meeting after Zoom meeting can start to wear thin, removing the daily commute from one’s schedule is a huge bonus afforded to those working remotely these days. For many businesses, this...
03 November, 2020
/ 0 Comments
PPP Loan Forgiveness Tax – Plan For This Now
As of today, September 28, 2020, the amount of business PPP loans that are forgiven are taxable. For federal purposes, PPP loan forgiveness may be excluded from gross income. However, the IRS issued “Notice 2020-32” in April 2020 stated that the expenses directly associated with the...
28 September, 2020
/ 0 Comments
Payroll tax deferral options & PPP forgiveness updates
AS OF 8/7/2020 As we have stated in prior newsletters, there have been, and will continue to be, changes to the forgiveness of PPP loan calculations, and other PPP related rules. Below are a few of the major and recent changes, and more changes will be...
15 September, 2020
/ 0 Comments
Surviving business slow down
Surviving business slow down, business continuation issues as well as negative IRS tax outcomes It is a good time to understand IRS tax strategies and business continuation strategies – especially while we are seeing a small business economic fallout. A handful of us in our EA and...
02 September, 2020
/ 0 Comments
Recent Changes to PPP Loan and Forgiveness
AS OF 6/29/2020 As we have stated in prior newsletters, there have been, and will continue to be, changes to the forgiveness of PPP loan calculations, and other PPP related rules. Below are a few of the major and recent changes, and more changes will be forthcoming...
30 June, 2020
/ 0 Comments
