Jan 13, 2021 | Blog, Small Business Taxes, Tax Law, Taxes
COVID-19 has shut down many businesses, causing widespread furloughs and layoffs. Fortunately, employers that keep workers on their payrolls are eligible for a refundable Employee Retention Tax Credit (ERTC), which was extended and enhanced in the latest law....
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...
Dec 8, 2020 | Blog, Small Business Taxes, Tax Law, Taxes
As we approach the end of the year, it’s a good time to think about whether your business needs to buy business equipment and other depreciable property. If so, you may benefit from the Section 179 depreciation tax deduction for business property. The election...
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...
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...
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...
