Last April 30, 2020, the IRS Notice 2020-32 was issued, and according to it, there should be no deductions for qualifying business loans that are under the Paycheck Protection Program...
Posted by LLOYD J CAZES CPA on 07/09/2020
Almost every business is suffering the impact of the COVID-19 pandemic. There are new challenges that companies must overcome. Everyone charged with the mandate of maintaining companies...
Posted by Tim Thompson CPA PLLC on 07/09/2020
As the saying goes, to be forewarned is to be forearmed. After preparing the Form 1099 MISC forms, stop and check if the info entered is correct. Before submitting these forms to individuals...
Posted by Carmen Garcia on 06/11/2020
You do not want to draw the attention of the Internal Revenue Service. However, failure to submit the appropriate form when you make payments to third parties can expose you to the...
As a home business owner, you can make several tax deductions related to the cost of running your business, including expenses incurred to run your business from a home office. There...
Posted by Carmen Garcia on 05/17/2020
There is a large sum of money, $ 377 billion, intended to support small businesses in the latest coronavirus stimulation package from Congress. Understanding exactly how to access...
Posted by Flynn Financial Group Inc on 05/14/2020
The main incentive for small businesses under the CARES Act is the Paycheck Protection Protection (PPP) program. The $349 billion funded through the Small Business Loan Program (SBA)...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 05/14/2020
The Taxpayer Advocacy Panel is a Federal Advisory Committee to the Internal Revenue Service (IRS). If you’re a taxpayer and you have important issues that need to be identified...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 04/20/2020
The amount paid within the year for medical expenses involving health insurance premiums tender’s generous potential deductions and cuts during the tax period.Obtaining specific...
Posted by JG Tax and Financial Services on 04/03/2020
