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Holcombe, Holtzclaw, Ravan LLC
PPP loans have reopened: Let’s review the tax consequences

PPP loans have reopened: Let’s review the tax consequences

Jan 28, 2021 | Blog, Corona Virus, Small Business Taxes, Taxes

The Small Business Administration (SBA) announced that the Paycheck Protection Program (PPP) reopened the week of January 11. If you’re fortunate to get a PPP loan to help during the COVID-19 crisis (or you received one last year), you may wonder about the tax...
The COVID-19 relief law: What’s in it for you?

The COVID-19 relief law: What’s in it for you?

Jan 5, 2021 | Blog, Community, Corona Virus, Individual Taxes, Our World, Small Business Taxes, Tax Law

The new COVID-19 relief law that was signed on December 27, 2020, contains a multitude of provisions that may affect you. Here are some of the highlights of the Consolidated Appropriations Act, which also contains two other laws: the COVID-related Tax Relief Act...
Nonprofit boards must remain vigilant as long as the crisis continues

Nonprofit boards must remain vigilant as long as the crisis continues

Dec 14, 2020 | Blog, Community, Corona Virus, Non-Profit

It’s been a tough year for not-for-profits. Many have experienced an increased demand for services just as revenues have plummeted. Until the COVID-19 pandemic is over, your organization’s board of directors will likely play a special role in ensuring that it remains...
Tax responsibilities if your business is closing amid the pandemic

Tax responsibilities if your business is closing amid the pandemic

Nov 10, 2020 | Blog, Corona Virus, Small Business Taxes, Tax Law

Unfortunately, the COVID-19 pandemic has forced many businesses to shut down. If this is your situation, we’re here to assist you in any way we can, including taking care of the various tax obligations that must be met. Of course, a business must file a final income...
Minority and Small Business Relief Grant Program

Minority and Small Business Relief Grant Program

Oct 23, 2020 | Blog, Corona Virus, Small Business Taxes

South Carolina has announced a “Minority and Small Business Relief Grant Program.” This program is designed to provide grants to minority and small businesses to reimburse qualifying expenditures for providing services or revenue loss due to COVID-19. Grant award...
Tax implications of working from home and collecting unemployment

Tax implications of working from home and collecting unemployment

Oct 13, 2020 | Blog, Corona Virus, Individual Taxes, Tax Law, Taxes

COVID-19 has changed our lives in many ways, and some of the changes have tax implications. Here is basic information about two common situations. 1. Working from home. Many employees have been told not to come into their workplaces due to the pandemic. If you’re an...
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  • Business highlights in the new American Rescue Plan Act

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P : 864-574-7787
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P : 864-574-7787
F : 864-574-9611
E : info@hhrcpa.com

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Spartanburg, SC 29302

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Spartanburg, SC 29304

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