The Paycheck Protection Program (PPP), enacted as part of the CARES Act, is a lending program designed to provide funds for small businesses to hold…
Beginning on January 1, 2020, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) are: 57.5 cents per…
Tracking the financial minutiae of your contract schedule requires great attention to detail. But do you know what else requires great attention to detail? Construction…
The recent riots around the country have resulted in many storefronts, office buildings and business properties being destroyed. In the case of stores or other…
Business succession planning is essential for all privately-owned companies and the importance of a detailed plan is magnified during periods of economic upheaval. Planning for…
One byproduct of the Internal Revenue Code is that the tax liability of married couples who file jointly may be more than their combined tax…
Traditionally, important tax and financial records have been stored as hardcopies in desk drawers, filing cabinets and safe deposit boxes. Nowadays, it’s become increasingly popular…
When a trade or business’s deductible expenses exceed its income, a net operating loss (NOL) generally occurs. When filing your 2019 income tax return, you…
Earlier this year, in response to the novel coronavirus (COVID-19) crisis, the IRS postponed numerous federal tax filing and payment deadlines. If you took advantage…
The U.S. Senate has passed the bipartisan Paycheck Protection Program Flexibility Act of 2020, which loosens several of the Paycheck Protection Program’s (PPP’s) more onerous…