by John Estess | Dec 15, 2020 | Accounting, Hot Topics, Payroll Protection Act
In the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Congress clearly intended for recipients of forgiven PPP loans to be able to deduct otherwise-deductible expenses associated with those loans for tax purposes. But the IRS has contradicted...
by John Estess | Nov 18, 2020 | Accounting, Hot Topics, Small Business Accountant, Tax Planning
The Tax Cuts and Jobs Act of 2017 (“2017 Tax Act”) brought changes and simplified the process of filing tax returns for millions of Americans. Although most changes had a positive impact, there was a lot of confusion regarding business...
by John Estess | Nov 15, 2020 | Accounting, Bookkeeping Services
The Tax Cuts and Jobs Act of 2017 (“2017 Tax Act”) brought changes and simplified the process of filing tax returns for millions of Americans. Although most changes had a positive impact, there was a lot of confusion regarding business expenses. In...
by John Estess | Oct 29, 2020 | Accounting, Hot Topics, Payroll Protection Act, Small Business Accountant
In October 2020, the Small Business Administration (SBA), in consultation with the Treasury Department, made the process easier for forgiving the Paycheck Protection Program (PPP) loans. On the SBA website, businesses will find a simpler loan forgiveness...
by John Estess | Aug 12, 2020 | Accounting, Bookkeeping Services, Family Business, Small Business Accountant
As a small business owner, you are busy! You often don’t have the time to figure out ways to save money. For most people, the only time they see their CPA is in April when their taxes are due. We want to help you plan and we are here to help you save money and...
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