Many businesses were on a great trajectory leading into 2020. But then the pandemic hit and brought economic woes and operational challenges. Now it’s 2021 and many businesses are looking to overcome the challenges they faced last year. The best way to start 2021 on...
The end of the fiscal year means it’s time to wrap up your small business finances. This time of year is generally a bit slower for businesses and the perfect time to complete an end of financial year checklist for small business. We’ll explain the important...
If you have a rental property, you want to make sure your rental income qualifies for Section 199A. In early 2020, the IRS released Revenue Procedure (“Rev. Proc”) 2019-38. This grants safe harbor for rental real estate, so it qualifies as trade or business. Now real...
Before you start using the funds, it’s important to understand what qualifies for PPP loan forgiveness. Our clients have been receiving (or will soon receive) funds from the PPP loan all over the country. However, receiving the funds is only half the battle....
Background on EIDL Program Funds Known as the Economic Injury Disaster Loan, this program has been utilized heavily in the past as a way for small business owners to support themselves after they have been impacted by natural disasters such as hurricanes, tornadoes,...