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. Next...
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,...
Questions regarding various tax regulations are always tricky. Rules that seem so iron-clad in theory are rarely ever in practice and it can result in various instances where the outcome of a monetary move has very different consequences from the original intention. I...
With our personalized business consulting and tax services, we have the ideal solutions for you.