by Admin | Oct 12, 2021 | Business Taxes, COVID-19, Entrepreneurial
Cash flow has always been a challenge for restaurants, and before COVID-19 changed everything there were thousands of articles written about the importance of forecasting, streamlining overhead, and controlling inventory. But more than a year-and-a-half into the...
by Admin | Oct 5, 2021 | COVID-19, Individual Taxes
Before the COVID-19 pandemic, the IRS was getting refunds out swiftly and responded to calls and correspondence in a reasonable amount of time. However, COVID-19 brought about a perfect storm of delays, initially caused by employees having to stay home because...
by Admin | Apr 16, 2021 | COVID-19, PPP Loans & EIDL Loans
Last year when the pandemic started, Congress created two loan programs to help small businesses and the self-employed mitigate the economic impact; The Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL). With the uncertainty surrounding...
by Admin | Feb 22, 2021 | COVID-19, Individual Taxes
Obviously, the still-ongoing COVID-19 pandemic has been a major challenge for all of us since it kicked into high gear in March of 2020. In the months since, millions of people have found themselves out of a job and the ones that remained were suddenly faced with...
by Admin | Feb 18, 2021 | Business Taxes, COVID-19
In order to help trades and businesses to retain employees and keep them employed during the COVID-19 crisis, the Coronavirus Aid, Relief, and Economic Security (CARES) Act created the Employee Retention Credit for 2020. As part of the Consolidated Appropriations...
by Admin | Feb 17, 2021 | Business Taxes, COVID-19
The Consolidated Appropriations Act, 2021 (CCA), which was passed by Congress and signed by the president late last December, included a very tax-beneficial provision that liberalized the interaction between PPP loans and the Employee Retention Credit (ERC). Prior to...
