Tax Planning Guide 2020-21
What word other than “unprecedented” can be used to describe the events we’ve experienced this year? During such times, tax planning is far from top of mind. But it’s still...
06 November, 2020
small business Tag
Tax Relief for Businesses – CARES Act
To provide tax relief to businesses suffering during the COVID-19 pandemic, the CARES Act temporarily relaxes the limitation on deductions for business interest expense. This article explains the rules that...
06 November, 2020
Summary on Meal and Entertainment Tax Deductions
On Sept. 30, 2020, the IRS issued final regulations that provide guidance for meal and entertainment deductions under section 274 of the Internal Revenue Code. The following is a general...
03 November, 2020
Are You Following Best Practices in QuickBooks Online?
It’s easy to fall into habits with QuickBooks Online. You might follow the same workflow pattern every day simply because that’s the way you’ve always done things. There’s nothing wrong...
20 October, 2020
Oct PPP Loan Forgiveness Update
October 5, 2020 - The SBA’s PPP loan was likely a lifesaver to your business, and the next step is to apply for loan forgiveness with the bank that processed...
05 October, 2020
Utah Governor Announces Small Business Grant
On October 1, 2020, Utah Governor Herbert announced the launch of a new $2 million “Small Business Quarantined Employee Grant” for small businesses in Utah. The grant was created using federal...
05 October, 2020
How to Maintain High Employee Morale in Remote Teams
Times have changed, and many teams around the world are finding themselves in a new telecommuting ecosystem that has brought various challenges that go along with it. Whether your employees...
18 September, 2020
Guidance on Employee Tax Deferral
President Trump issued a Presidential Memorandum, that directs the Treasury Secretary to use his authority to defer the withholding, deposit and payment of employees’ portions of Social Security taxes from...
04 September, 2020