Oct 5, 2020 | Blog, Small Business Taxes
Danny M. Holcombe, CPA and Lisa R. Frye, CPA have earned their Certified Valuation Analyst (CVA) credential from the National Association of Certified Valuators and Analysts. The CVA designation assures the business, professional, and legal communities that Danny and...
Oct 1, 2020 | Blog, Small Business Taxes, Tax Law, Taxes
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2020. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all...
Sep 8, 2020 | Blog, Small Business Taxes, Tax Law
Under current law, 100% bonus depreciation will be phased out in steps for property placed in service in calendar years 2023 through 2027. Thus, an 80% rate will apply to property placed in service in 2023, 60% in 2024, 40% in 2025, and 20% in 2026, and a 0% rate will...
Aug 25, 2020 | Blog, Corona Virus, Small Business Taxes, Tax Law
The Coronavirus Aid, Relief and Economic Security (CARES) Act made changes to excess business losses. This includes some changes that are retroactive and there may be opportunities for some businesses to file amended tax returns. If you hold an interest in a business,...
Aug 14, 2020 | Blog, Corona Virus, Small Business Taxes, Taxes
If your business was fortunate enough to get a Paycheck Protection Program (PPP) loan taken out in connection with the COVID-19 crisis, you should be aware of the potential tax implications. PPP basics The Coronavirus Aid, Relief and Economic Security (CARES) Act,...
Aug 6, 2020 | Blog, Corona Virus, Small Business Taxes, Tax Law
In light of the novel coronavirus (COVID-19) pandemic, many businesses are interested in donating to charity. In order to incentivize charitable giving, the Coronavirus Aid, Relief and Economic Security (CARES) Act made some liberalizations to the rules governing...
