Is Your Business Worthless Without You?
In this “Money Talks Minute,” Certified Exit Planning Advisor K.C. Smith, CFP®, asks small-business owners if their business would exist without them.
Does Your Business Qualify for the Research Tax Credit?
The purpose of this credit is to reward businesses that pursue innovation by continually increasing investment in research activities.
Congress Liberalizes PPP Loan Forgiveness
Congress passed the Paycheck Protection Program Flexibility Act (PPPFA) of 2020, which makes substantial changes to PPP Loans.
Tax Effects of a Business Making a Charitable Contribution
In this current time of need, many charitable organizations are seeking contributions to help the greater good. We explain why that contribution should come from your bank account and not your business.
Paycheck Protection Program Flexibility Act Becomes Law
Let the changes begin! As we have mentioned in previous articles, there would be guidance on the CARES Act related to the forgiveness of Paycheck Protection Program (PPP) loans. Buckle up, as the changes are now here. The Paycheck Protection Flexibility Act was introduced by the House on May 26 and was approved by the…
7 Tips to Keep Your Business Afloat During COVID-19
COVID-19 has had an unprecedented impact on all aspects of American businesses, but perhaps none have been as severely affected as small business owners. Surviving this disaster will require more than just time: you will need to take a pragmatic view of what has happened and what steps you are willing and able to take…
Businesses Score Big with these 3 Tax Benefits in the CARES Act
As part of the stimulus package to help offset the financial damage inflicted on businesses as a result of the COVID-19 crisis, rolled out some big tax benefits.
Your PPP Loan Forgiveness Will Probably be Less Than Anticipated
PPP loans are partially forgivable if used payroll–It may seem simple at first glance, but this is before taking into consideration all of the minutiae built into the loan forgiveness computation that will reduce the forgiveness.
PPP Loan Forgiveness Form Instructions
Rules are subject to change; however, you can be prepared to apply for PPP Loan forgiveness. Read our additional SBA Forgiveness Application instructions to help you fill out the form
Cares Act: 5 Business Provisions That May Help With Cash Flow
The CARES Act created additional business provisions for bonus depreciation, student loans, limitations on losses and business interests, as well as alternative minimum tax (AMT) credits.