There has been a tremendous amount of frustration by small business owners operating as sole proprietors and trying to obtain the PPP loan. To make matters worse, many bankers and loan officers have been overwhelmed by the number of applications, the speed of the...
If you thought it’s been a whirlwind of changes from the Treasury Department and IRS regarding tax filing deadlines you’re not alone. Now, don’t get me wrong, we’re all grateful for any reprieve we can get during these difficult times....
It’s only been two and ½ weeks since passage of the largest single piece of legislation in American history, and it continues to evolve. Not only have there been daily updates and changes by either the SBA, the Treasury Department or the IRS, but were on the eve of...
[UPDATED March 30, 2020] In a continued effort to help mitigate the financial devastation caused by the Coronavirus, President Donald Trump signed the Families First Coronavirus Response Act. This new law requires certain employers to provide emergency paid sick leave...
The Home Office Deduction is still alive and well…don’t let any accountant tell you otherwise. It’s NOT a high risk write-off every good business owner should take advantage of it. Moreover, there are several strategies on how to maximize the Home...
Even though 2019 has come and gone, it’s time to gather your records and file your tax return. As such, I want to encourage business owners of S-Corps, LLCs and Sole-props to comb through every record they can to maximize their deductions. If you have QuickBooks...
