Paycheck Protection Program – December 2020 Changes The Consolidated Appropriations Act changes the PPP Loan Program primarily in three ways. First, the Act allows new PPP loan applications to be submitted...
(authored by RSM US LLP) The 2021 Consolidated Appropriations Act passes Congress and includes many extended and improved tax credits and incentives....
New 1099-NEC and other 1099 Revisions. Don’t forget, you must provide 1099s for 2020 to workers no later than Feb. 1, 2021. The forms are normally due Jan. 31, but since...
10 Tips for Better Budgeting…and how QuickBooks Online can help you with the mechanics. If you already have a budget, it’s probably been difficult for you to stick with it for...
This article explains the benefits of being a “small” business. “Small” is bigger than ever! Is your business eligible for expanded tax benefits? Small businesses enjoy several tax advantages that may allow...
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...
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...
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...