Audit committees face many challenges in 2021. Here are 4 steps you can take to improve the effectiveness of your audit committee.Read More
Blog
Claiming the Business Energy Credit for Using Alternative Energy
If your business is using alternative energy, you may be eligible for a tax break with the business energy creditRead More
Determining “Reasonable Compensation” for a Corporate Business Owner
To keep executive compensation deductible, C corporation owners must make sure it’s reasonable–otherwise, it could deemed a dividend.Read More
Maximum EIDL Loan Amount Raised to $500,000
The SBA is raising the maximum amount businesses can borrow under the COVID-19 Economic Injury Disaster Loans (EIDL) program to $500,000.Read More
Restaurant Revitalization Grants Under the ARPA
Established by the ARPA, the Restaurant Revitalization Grant program offers tax-free loans of up to $10 million for eligible entities.Read More
Shuttered Venue Operators Grant Program
The Shuttered Venue Operators Grant application portal opened Monday, April 26. Find out if you qualify and register.Read More
The American Rescue Plan Act: Tax Provisions
March 11th, President Biden signed the $1.9 trillion American Rescue Plan Act into law, which includes some significant tax changes.Read More
New PPP Loan Rules for Sole Proprietors
Sole proprietors can now choose to calculate their maximum PPP loan based on gross income instead of net profit, according to new SBA ruling.Read More
Changes to the Employee Retention Credit Under the CAA
The CAA made significant changes to the Employee Retention Credit (ERC), and eligible employers can get $14k per employee for 2021Read More
New Forms 1099-NEC and 1099-MISC for Nonemployee Compensation Due Soon
New Forms 1099-NEC, “Nonemployee Compensation” and Form 1099-MISC, “Miscellaneous Income,” are due to recipients by February 1st.Read More