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R&D Tax Credit: More Valuable than Ever in Uncertain Times

As companies around the country begin to pivot from a sprint to preserve business operations to taking strategic steps to help ensure continued prosperity, several tax planning opportunities should be considered.  One option available to companies is the Research [...]

By |2020-04-09T16:26:08-04:00April 9th, 2020|Categories: Blog, Cole Marr, COVID-19, Research & Development|Tags: , , |0 Comments

Answers to Questions about the CARES Act Employee Retention Tax Credit

The recently enacted Coronavirus Aid, Relief, and Economic Security (CARES) Act provides a refundable payroll tax credit for 50% of wages paid by eligible employers to certain employees during the COVID-19 pandemic. The employee retention credit is available to [...]

By |2020-04-06T12:48:33-04:00April 6th, 2020|Categories: Blog, COVID-19, Tax|Tags: , , |0 Comments

Student Loan Relief for Many

A great sigh of relief for many individuals wondering how they are going to pay their student loans during this time. The new CARES act includes a deferral for six months on federally backed student loan payments and interest. [...]

By |2020-04-03T19:16:43-04:00April 3rd, 2020|Categories: Bill Abel, Blog, COVID-19|Tags: , , |0 Comments

CARES Act Provides Option to Delay CECL Reporting

The Coronavirus Aid, Relief and Economic Security (CARES) Act was signed into law on March 27. Among other economic relief measures, the new law allows large public banks to temporarily postpone the controversial current expected credit loss (CECL) standard. Here [...]

By |2020-04-03T13:57:59-04:00April 3rd, 2020|Categories: Audit, Blog, COVID-19|Tags: , , , |0 Comments

CARES Act Creates Relief and Opportunity for American Taxpayers 

On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act, a sweeping economic stimulus package designed to provide financial relief for American individuals and families. Here is a brief overview of [...]

By |2020-04-02T21:07:15-04:00April 2nd, 2020|Categories: Blog, COVID-19, Jodie Rolih, Tax|Tags: , , |0 Comments

The SBA EIDL and PPP Loans and Their Tax Implications

Among the many relief provisions passed by Congress in recent days are loans focused on small businesses. This isn't entirely new to the SBA, which has long been in the loan business, but recently passed laws supercharged the offerings. [...]

By |2020-04-02T21:34:01-04:00April 2nd, 2020|Categories: Blog, COVID-19, Small Business Services|Tags: , , , |0 Comments

The CARES Act: Retirement Provisions

The COVID-19 pandemic is affecting all aspects of finances, including retirement savings. The CARES Act contains provisions affecting these plans that will remain in effect for 2020. They include the following: The act specifically aligned the due date for [...]

By |2020-03-30T19:25:00-04:00March 30th, 2020|Categories: Blog, COVID-19|0 Comments

The CARES Act: Getting a Small Business Loan

The CARES Act — a collection of pandemic-related provisions — has good news for small businesses struggling to stay afloat during the COVID-19 pandemic: The act provides relief to U.S.-based businesses with (1) 500 or fewer employees that are [...]

By |2020-04-01T13:06:15-04:00March 30th, 2020|Categories: Blog, COVID-19, Small Business Services|Tags: , , , |0 Comments