COVID-19

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Telecommuting and Income Tax Nexus Post COVID-19

There is no denying COVID-19 has changed the corporate landscape when it comes to where employees perform work. Before COVID-19, most office employees worked at a central location and performed…

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Remote auditing: A brave new world

The pandemic has presented numerous challenges for businesses, but it also taught us how to be resilient, cost-conscious and adaptable. Over the last few years, we’ve learned that remote working…

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Deferment Period for EIDL Payment Extended Again by SBA

In a March 15, 2022 news release, the Small Business Administration (SBA) announced an additional deferral period for existing Economic Injury Disaster Loan (EIDL) repayments. The new total deferment period…

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Asset Values and the COVID-19 Pandemic: Depressed Values Can Affect Your Estate Plan

A variety of estate planning strategies require having accurate, supportable and well-documented valuations of assets. Indeed, the tax implications of these strategies depend on the fair market value of your…

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Did Your Lender Approve Only Partial Forgiveness of Your PPP Loan? You May Be Able to Request an SBA Loan Review

Effective January 27, 2022, the Small Business Administration (SBA) issued Procedural Notice 5000-827666. This new process allows those Paycheck Protection Program (PPP) borrowers who have received partial forgiveness approval by…

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How will revised tax limits affect your 2022 taxes?

While Congress didn’t pass the Build Back Better Act in 2021, there are still tax changes that may affect your tax situation for this year. That’s because some tax figures…

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Two Issues to Consider before Applying for the 8(a) Program

1st Payment Deadline for Deferred Social Security Payments is January 3, 2022

In 2020, the CARES Act allowed employers to elect to defer the deposit of Social Security taxes that otherwise would have been paid between March 27, 2020 and December 31,…

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COVID Legislation – 2021 Construction Tax Planning Opportunities

On March 27, 2020 the President signed The Coronavirus, Aid, Relief and Economic Security Act (CARES Act). The CARES Act includes many tax provisions that are intended to put cash flow…

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IRS Issues New Guidance on PPP Basis Adjustments

When the Consolidated Appropriations Act was passed in December of 2020, taxpayers across the nation were relieved to learn that not only would the forgiveness of Payroll Protection Program (PPP)…

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Going Concern Disclosures Today

With the COVID-19 pandemic well into its second year and the start of planning for the upcoming audit season, you may have questions about how to evaluate your company’s going…

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