The CARE ACT passed by the Senate on March 25th proposes potential business saving SBA 7(a) loans for qualified small businesses. The covered period for these loans begins on March 1, 2020 and ends on December 31, 2020. Who is eligible? During the period covered, any...
As it passed the Senate, this provision provides a refundable payroll tax credit for 50% of wages paid by eligible employers to certain employees during the COVID-19 crisis. (Act Sec. 2301(a)). The effective date of the credit applies to wages paid after March 12,...
Budgeting can be mundane and often a task many of us do not look forward to completing; however, this new process allows you to take a completely different look at your budgeting process. You can get the budget you want, and not just the budget you have always had.
Whenever I visit a client’s office or family business, I often see young children coloring in the waiting room or solemnly asking when they might be allowed to go home. It is at these moments that I can’t help but to think of their future and the future of family...
Last December, one of the biggest (real news) headlines was the drastic tax reform working its way through the legislative process. The Tax Cuts and Jobs Act (TCJA) was officially signed into law by President Trump on December 22, 2017 and it represents the most...
The start of the New Year marks the beginning of the IRS informational reporting season that will keep most business owner’s heads spinning. None are overbearing or difficult unless, of course, you don’t get them right the first time. Failure to correctly file W-2...
