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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 […]
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 […]
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 […]
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 […]
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 […]
Retention Tax Credit Brings Financial Relief for Employers
The Coronavirus Aid, Relief and Economic Security (CARES) Act created a number of relief vehicles to help business remain afloat. One that is not covered as much as some of […]
PPP Forgiveness Application Released But Expect More Changes Soon
Over the weekend, the Small Business Administration (SBA) released the Paycheck Protection Program (PPP) Loan Forgiveness Application. If you have received a PPP Loan, this document provides detailed directions on how […]
SBA Releases New Guidance on PPP Loan Forgiveness
As businesses are starting to receive their Paycheck Protection Program (PPP) loans, the concern moves from whether business owners will receive the assistance to what, and how, to collect the […]
PPP Loan Forgiveness and Tax Implications
Are you a recipient of a Paycheck Protection Program (PPP) loan? While there have been some hiccups in the program’s rollout, we are hearing that more and more people are finally […]
IRS Works to Ease Tax Burden
The IRS recently announced a series of steps to ease the burden for people who owe taxes in the wake of the COVID-19 emergency. Here are some of the highlights […]
Recent Developments and Observations
We have been doing our best to keep you up-to-date on everything going on in relation to COVID-19 and its impact on businesses and taxes. As we start hearing rumblings […]
Keep Calm but Know the Options About 401(k) Contributions
The impacts of the COVID-10 pandemic will be felt for years. Employers and employees are both looking for ways to deal with and reposed to the financial stress caused by the […]