Charitable contributions are generally allowed as part of an individual’s itemized deductions on his or her income tax return, while a business expense deduction generally isn’t allowable for a contribution made to a charitable organization. However, the IRS recently issued…
If you are an adoptive parent or are planning to adopt a child, you may qualify for a substantial income tax credit. The amount of the credit is based on the expenses incurred that are directly related to the adoption…
Haynie is proud to launch a new virtual lecture series for Accounting students. This is our chance to give advice to future CPAs. Students can learn from our experts and get their questions answered. The From Campus to CPA Lecture…
In response to COVID-19, Congress created four payroll tax relief programs for employers via the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and the Families First Coronavirus Response Act (FFCRA). These programs provide a tax deferral or tax…
There have been 50 major changes to the PPP Loans since it first passed. The latest bill provides for automatic forgiveness of a paycheck protection loan that is $150,000 or less if the recipient submits a one-page form. This significantly…
On June 17, the SBA released a new EZ version of the PPP forgiveness application. The EZ application requires fewer calculations and less documentation for eligible borrowers. View the EZ application. In addition, they recently clarified limitations for owner’s compensation…
COVID-19 has had an unprecedented impact on all aspects of American businesses, but perhaps none have been as severely affected as small business owners. Surviving this disaster will require more than just time: you will need to take a pragmatic…
Article Highlights: Non-Filers IRS Information Reporting IRS Prepared Substitute Return Notice of Deficiency Tax Court Appeal Liens and Levies There are millions of individuals who do not file a tax return each year, many of them simply because their…
June 10, 2020 – Haynie hosted their annual Summer Leadership Academy on May 14, 2020. Due to COVID-19 the event was held on Zoom, rather than our Corporate Headquarters. Despite the change in location, we had a great virtual event…
Join our QuickBooks Online Training and stay on top of your accounting system. Learn the basic yet effective features of QuickBooks Online that will help you and your business save time and money. Learn tips and tricks of bank feeds…
