2021 Q3 Tax Deadlines

The 2021 Q3 Tax Deadlines are approaching. Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2021. Keep in mind that this list isn’t all-inclusive, so there may be additional [...]

By |2021-06-14T13:24:53-04:00June 14th, 2021|Categories: Blog, Tax|Tags: , , , , , , , , , , |Comments Off on 2021 Q3 Tax Deadlines

Simple Retirement Savings Options for Your Small Business

Are you thinking about setting up a retirement plan for yourself and your employees, but you’re worried about the financial commitment and administrative burdens involved in providing a traditional pension plan? Two options to consider are a “simplified employee [...]

By |2021-04-12T12:14:32-04:00April 12th, 2021|Categories: Blog, Tax|Tags: , , , , |Comments Off on Simple Retirement Savings Options for Your Small Business

Reporting Profit Interest Awards

Reporting profits interest awards During the pandemic, cash has been tight for many small businesses, which may make it hard to attract and retain skilled workers. In lieu of providing cash bonuses or annual raises, some companies may decide [...]

By |2021-04-09T12:01:56-04:00April 9th, 2021|Categories: Audit, Blog|Tags: , , , , , , , , |Comments Off on Reporting Profit Interest Awards

Four Ways to Improve the Effectiveness of your Audit Committee

Audit committees face many challenges in 2021. As the economy rebounds from the COVID-19 pandemic, there are new dimensions to the oversight roles and responsibilities of the audit committees. Consider taking these following four steps to fortify your committee’s [...]

By |2021-04-20T17:14:17-04:00March 26th, 2021|Categories: Audit, Blog|Tags: , , , , |Comments Off on Four Ways to Improve the Effectiveness of your Audit Committee

Is an S Corporation the Best Choice of Entity for your Business?

Are you thinking about launching a business with some partners and wondering what type of entity to form? An S corporation may be the most suitable form of business for your new venture. Here’s an explanation of the reasons [...]

By |2021-03-22T12:36:26-04:00March 22nd, 2021|Categories: Blog, Tax|Tags: , , , , , |Comments Off on Is an S Corporation the Best Choice of Entity for your Business?

PPP Loans Have Reopened: Let’s Review the Tax Consequences

The Small Business Administration (SBA) announced that the Paycheck Protection Program (PPP) reopened the week of January 11. If you’re fortunate to get a PPP loan to help during the COVID-19 crisis (or you received one last year), you may [...]

By |2021-01-19T13:09:09-05:00January 19th, 2021|Categories: Blog, Tax|Tags: , , , , , , |Comments Off on PPP Loans Have Reopened: Let’s Review the Tax Consequences

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

Small Businesses: Cash In On Depreciation Tax Savers

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 [...]

By |2020-12-01T12:47:11-05:00December 1st, 2020|Categories: Blog, Tax, Uncategorized|Tags: , , , , , |Comments Off on Small Businesses: Cash In On Depreciation Tax Savers

Prepare in Advance to Easily Survive IRS Audits

IRS audit rates are historically low, according to the latest data, but that’s little consolation if your return is among those selected to be examined. But if your properly plan and prepare for IRS audits, you should fare well. [...]

By |2020-10-05T13:17:20-04:00October 5th, 2020|Categories: Audit, Blog, Tax|Tags: , , , , |Comments Off on Prepare in Advance to Easily Survive IRS Audits
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