Executive Breakfast Briefing: Accounting and Taxes in the New Year

Join us for our annual Executive Breakfast Briefing on hot topics and current events in the accounting and tax world that will affect you in 2021. Our panel of experts will discuss the CARES Act, R&D tax credits, state and [...]

By |2021-01-07T13:44:42-05:00January 26th, 2021|Categories: |Tags: , , , , , |Comments Off on Executive Breakfast Briefing: Accounting and Taxes in the New Year

New Law Provides Option to Delay Implementing the Updated CECL Standard

The Consolidated Appropriations Act (CAA), signed into law on December 27, 2020, includes a variety of economic relief measures. One such measure allows certain banks and credit unions to temporarily postpone implementation of the controversial current expected credit loss (CECL) [...]

By |2021-01-11T13:18:41-05:00January 11th, 2021|Categories: Audit, Blog|Tags: , , , , , , |Comments Off on New Law Provides Option to Delay Implementing the Updated CECL Standard

How the New Coronavirus Relief Bill Affects Business Taxes

The federal Consolidated Appropriations Act, 2021 (CAA), signed into law in late December of 2020, modifies and clarifies the tax provisions of last year’s Coronavirus Aid, Relief and Economic Security Act (the CARES Act) and provides other forms of [...]

By |2021-01-08T13:58:58-05:00January 8th, 2021|Categories: Blog, Tax, William R. Norwalk|Tags: , , , , , |Comments Off on How the New Coronavirus Relief Bill Affects Business Taxes

New Year, New Employee Retention Tax Credit Opportunities

The enactment of the 2021 Consolidated Appropriations Act created more opportunities for using the Employee Retention Tax credit (ERC).  The original ERC is a provision of the Coronavirus Aid, Relief and Economic Security Act (CARES Act). It provides a [...]

By |2021-03-19T12:53:51-04:00January 6th, 2021|Categories: Blog, Cole Marr, Gregory C. Brown, Tax|Tags: , , , , , , |Comments Off on New Year, New Employee Retention Tax Credit Opportunities

New COVID-19 Relief Bill Doubles Business Meal Deductions and Makes Favorable PPP Loan Changes

The COVID-19 relief bill, signed into law on December 27, 2020, provides a further response from the federal government to the pandemic. It also contains numerous tax breaks for businesses. Here are some highlights of the Consolidated Appropriations Act of [...]

By |2021-01-05T14:30:43-05:00January 5th, 2021|Categories: Blog, Tax|Tags: , , , , , , |Comments Off on New COVID-19 Relief Bill Doubles Business Meal Deductions and Makes Favorable PPP Loan Changes

California Small Business Support

California Governor Gavin Newsom has announced a variety of ways the state is supporting small businesses impacted by COVID-19. Resources for California businesses include temporary tax relief, the Main Street Small Business Tax Credit, cash grants, the California Rebuilding [...]

By |2021-03-08T19:53:23-05:00December 15th, 2020|Categories: Blog|Tags: , , , , , , , , , |Comments Off on California Small Business Support

Bonus Depreciation: 5 Key Points

You’re probably aware of the 100% bonus depreciation tax break that’s available for a wide range of qualifying property. Here are five important points to be aware of when it comes to this powerful tax-saving tool. Bonus depreciation is [...]

By |2020-10-02T16:47:12-04:00August 31st, 2020|Categories: Blog, Tax|Tags: , , , , , , |Comments Off on Bonus Depreciation: 5 Key Points

CARES Act Made Changes To Excess Business Losses

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 [...]

By |2020-10-02T16:58:26-04:00August 26th, 2020|Categories: Blog, Tax|Tags: , , , , , , , |Comments Off on CARES Act Made Changes To Excess Business Losses

The President’s Action To Defer Payroll Taxes: What Does It Mean For Your Business?

On August 8, President Trump signed four executive actions, including a Presidential Memorandum to defer the employee’s portion of Social Security taxes for some people. These actions were taken in an effort to offer more relief due to the COVID-19 [...]

By |2020-08-17T17:33:34-04:00August 17th, 2020|Categories: Blog, Tax|Tags: , , , , |Comments Off on The President’s Action To Defer Payroll Taxes: What Does It Mean For Your Business?

Haven’t Filed Your 2019 Business Tax Return Yet? There May Be Ways to Chip Away at Your Bill

The extended federal income tax deadline is coming up fast. As you know, the IRS postponed the payment and filing deadlines until July 15 that otherwise would have fallen on or after April 1, 2020, and before July 15. [...]

By |2020-06-29T14:20:21-04:00June 29th, 2020|Categories: Blog, COVID-19, Tax|Tags: , , , , |Comments Off on Haven’t Filed Your 2019 Business Tax Return Yet? There May Be Ways to Chip Away at Your Bill
Go to Top