From the 'Business' Category:

PPP Loan Forgiveness Process Update

If you received a PPP loan and are thinking about beginning the process of requesting forgiveness on the loan you may want to consider waiting a few weeks until the actual process gets a […]

Update: The HEROES Act, the HEAL Act, and PPP Forgiveness

The wheels of Congress keep churning through possible scenarios to help small businesses. The HEROES Act and the HEAL Act are both under consideration and among other things, they may extend the provisions of […]

Discarded or Lost COVID-19 Stimulus Prepaid Debit Cards – Did You Know?

In addition to direct deposits and paper checks, the IRS is sending some Coronavirus Economic Impact Payments (EIPs, also called stimulus payments) to eligible Americans by prepaid debit card. Because these debit cards are […]

Key Facts About IRS Economic Impact Payments (EIPs) – Did You Know?

Although the IRS has sent out over 100 million Economic Impact Payments (also called stimulus payments), some Americans are still waiting to receive their payments. Even if you have gotten your Economic Impact Payment […]

Tax Update RE: SBA Loans, Stimulus Payment & IRS Process

Tax Update RE: SBA Loans, Stimulus Payment & IRS Process We know it continues to be a challenging and constantly changing world at present. We’re doing our best stay abreast of new developments and […]

Economic Impact Payments – What You Need To Know

The Following information is from the IRS Newswire Service – March 30, 2020. Economic impact payments: What you need to know No action needed by most people at this time IR-2020-61, March 30, 2020 […]

Relief for Small Business Clients Under the Cares Act of 2020

The CARES (Coronavirus Aid, Relief, and Economic Security) Act of 2020 provides several important provisions that may assist as our clients navigate through the financial challenges presented by COVID-19. Here are the highlights. Small […]

Starting Your Business: Your Guide to Licensing

BUSINESS LICENSING There are generally three types of licenses that apply to businesses; Transaction Privilege (Sales) Tax Licenses, Regulatory (Professional) Licenses, and Occupational Licenses/Permits. These licenses are obtained by completing the required forms and […]

The Taxpayer’s Secret Weapon – Records

We’re regularly dealing with the IRS as we represent taxpayers in audits. Occasionally they’re from returns we’ve prepared and much more often they’re involving returns we didn’t prepare. No matter the source, audits are […]

Mileage Logs the Easy Way

For decades, we’ve all dreaded the task of tracking vehicle miles for tax purposes. But it’s always a good idea, always something the IRS Agents ask for in our office whenever auto expenses are […]