The Consolidated Appropriations Act made big changes to the Employee Retention Credit by expanding and extending it. Here’s what you need to know.Read More
Blog
New Stimulus Package: Tax Changes for Individuals
Here are some of the major tax changes for individuals in the new stimulus package, The Consolidated Appropriations Act, 2021.Read More
Business Tax Changes in the New Stimulus Package
Here are some of the business tax changes and extenders in the new stimulus bill, the Consolidated Appropriations Act, 2021.Read More
Second Round of PPP Loans: Here’s What the Consolidated Appropriations Act Changed
The new COVID-19 stimulus package, the Consolidated Appropriations Act, provides a second round of PPP loans and makes big changes to the program.Read More
The QBI Deduction Basics and How to Qualify
Some taxpayers may be able to achieve significant savings with the QBI deduction by taking certain steps at year end.Read More
Update: PPP Expenses are Tax-Deductible
The $900 billion COVID-19 relief bill reopens the Paycheck Protection Program and ensures expenses paid for with forgiven PPP loan funds will be tax deductibleRead More
How COVID-19 Could Impact Year-End Inventory Counts
It’s almost time for year-end inventory counts. You might need to alter your approach if COVID-19 cases are rising in locations your inventory is stored.Read More
Preparing for the Possibility of a Remote Audit
Thanks to COVID-19, many companies are preparing for a remote audit. Are you ready for this brave new world in financial reporting?Read More
Accrual-Basis Accounting: 2020 Revenue Recognition Cutoffs
Accounting is time-sensitive. Here’s a primer on cutoffs for reporting revenue and expenses to help companies that use accrual-basis accounting.Read More
Full-Time Equivalent Employee (FTE) Calculation
Here are the 2 FTE (full-time equivalent) calculation methods you can use when applying for Paycheck Protection Program loan forgiveness.Read More