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 | Oct 15, 2020 | Accounting, Bookkeeping Services, Small Business Finances, Tax Cuts and Jobs Act
There are a lot of numbers, preferably positive ones, flowing through your business. The thing is, with all of the work you’re putting into furthering your business, you may not have time to account for every number listed on the page and keep track of your assets....
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