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Attract Property Buyers by Offering Installment Sales
Because of this year’s pandemic-related economic slowdown, many businesses and individuals are looking for liquidity. Some have decided to raise cash by selling off real property such as land or […]
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2020 Mid-Year Tax Check-In
While the extended tax deadline just passed, it is time to start thinking about your mid-year tax planning. With new laws in place, there are opportunities in 2020 that we […]
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You May Qualify for a Payroll Tax Credit
It has been difficult for many businesses to retain employees, if not impossible, this year. If your company has been able to keep all or some of its workers, you may […]
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Don’t Fall for Fraudulent Schemes
2020 has been one for the history books, and we are only halfway through it. In addition to the health concerns and political upheaval, the pandemic has spurred unprecedented economic […]
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Bailey Scarano Expands with 3 New Hires
At Bailey Scarano, we have set high standards for all those that work with us, and we are thrilled when we find excellent candidates. Recently, we added three smart, likeable […]
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PPP Updates
While the deadline for applying for a Paycheck Protection Program loan was June 30, both the Senate and House have passed a five-week extension for those that have not yet […]
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PPP Loan Parameters and Application Updated by SBA
Another day, another change. On June 16, 2020, the SBA released a revised PPP Loan Forgiveness Application which replaces the one released on May 15, 2020. The new version integrates PPP changes […]
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Main Street Lending Program Launched
After quite a few revisions and much discussion, the Main Street Lending Program (MSLP) was officially launched by the Federal Reserve on June 15. Seen as an alternative to the PPP […]
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Roll Your Capital Gains into a Qualified Opportunity Fund
When you sell real estate, a business interest, real estate or other highly appreciated property, you can get hit with a substantial capital gains tax bill. One way to lessen […]
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Don’t Fall for Fraud
With so many things going on in the world at this time, it is easy to get distracted and fall for scams and fraud. Those with nefarious goals are using […]
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It is Time to Check Your Withholding
Every year, our tax returns give us a look into how much we should have withheld from our paychecks and how well we planned (or attempted to). While big tax […]
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Retirement Plan Withdrawals Can Be Less Taxing
Generally withdrawing retirement account funds can be an expensive endeavor due to the taxes you have to pay on the transaction. However, a provision of the CARES Act allows tax-favored […]
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