The Internal Revenue Service (IRS) released Notice 2020-23, announcing their extension of many additional key tax deadlines for both businesses and individuals.
IRS Provides Additional Tax Deadline Relief
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Business
CARES Act Guide: Loans
We’ve created a guide comparing CARES Act Emergency Injury Distaster vs. Paycheck Protection Program loans.
Spring Cleaning: Recordkeeping Guidelines to Save or Shred
Are you a recordkeeping pack rat?
Paycheck Protection Program Loans 25 FAQs
Small businesses may apply for a forgivable loan under the CARES Act. The funding from the federal government for these loans is limited.
Importance of Valuations in Buy/Sell Agreements
If you own a business jointly with others, we recommend you establish an owner buy/sell agreement which governs what happens in situations, such as disability or death of an owner or an owner wants to dispose of their ownership interest.
Payroll Tax Credits & PPP Loan Guidance
In the last three weeks, two major pieces of stimulus legislation have been signed into law. Both acts provide opportunities for small businesses, but also require additional tracking for proper reporting.