Subscribe to our Accounting, Tax and Business Insights Newsletter
Our Latest Insights
How Teleworking May Impact Your Tax Obligations
As the COVID-19 outbreak continues, many employers are continuing to encourage or require their employees to work from home (i.e., telework). Such remote working arrangements could potentially have tax implications that should be considered. State tax obligations for...
Fed 101
If you’ve seen “Hamilton” you know that our nation’s first central bank was his brainchild, created in 1791 over the objections of many of our founding fathers who thought the concept unconstitutional. That first bank had a twenty year charter that wasn’t renewed. Our...
Proposed Tax Policies of the Presidential Candidates: A Breakdown
When it comes to tax policies, Donald Trump and Joe Biden have two vastly different strategies. Donald Trump and the Republicans would like to preserve the Tax Cuts and Jobs Act (TCJA), which lowered tax rates for most income levels and doubled the standard deduction....
Pandemic Funding Changes and Opportunities
October 2020 has arrived, and with it not only are there signs of seasons changing, but also continued change in the pandemic funding landscape. It is certainly not time to go into hibernation, or you might miss some of the more recent funding opportunities or the...
Another Shot at Funding
“The Department of Health and Human Services (HHS) has been focused on distributing funding in a way that is fast, fair and transparent,” according to HHS Secretary Alex Azar. Extending the application deadline for the Phase 2 general distribution to Medicaid,...
Qualified Small Business Stock (QSBS) Exemption
A non-corporate taxpayer generally can exclude up to 100% of gain realized from the sale or exchange of qualified small business stock held more than five years. Sounds interesting, but how do you determine if you are able to take the Qualified Small Business Stock...
Dear First Responders and Front Line Workers: We appreciate you!
Our firm would like to thank and acknowledge all first responders and front line workers. We applaud you! For the teams of doctors, nurses, EMTs, firefighters, police, cashiers, trash collectors, waiters, waitresses, postal workers, etc…a VERY BIG THANK YOU!! We want...
Paycheck Protection Program Update: When is the “Right” Time to Ask for Forgiveness?
As the summer nears its close, business owners who were able to take advantage of the Small Business Administration’s (SBA’s) Paycheck Protection Program (PPP) are still grappling with a number of questions and issues. At the forefront of these are determining how...
AICPA Issues Guidance on Accounting for PPP Loans and Related Forgiveness
The AICPA worked with many of its volunteer members and the FASB staff and in June issued “Technical Question and Answer (TQA) 3200.18, Borrower Accounting for a Forgivable Loan Received Under the Small Business Administration Paycheck Protection Program.” This...