SBA Releases Top Line Overview of First and Second Draw PPP Loans
In a Treasury Department Press Release dated 1/8/2021, the Treasury Department and Small Business Administration (SBA) have announced that the Paycheck Protection […]
SBA Releases Interim Final Rules Regarding PPP Second Draw Loans
The Treasury Department and Small Business Administration (SBA) have released Interim Final Rules (IFR) regarding the permission of “second draw loans” under the Paycheck Protection Program (PPP) recently authorized […]
SBA Releases Guidance on PPP Extension and Expansion
The Treasury Department and Small Business Administration (SBA) have released Interim Final Rules (IFR) regarding the recent extension and expansion of the Paycheck Protection Program (PPP) as […]
Temporary Relief for Employers Using Automobile Lease Valuation Rule
In response to the ongoing Coronavirus Disease 2019 (COVID-19) pandemic, IRS Notice […]
COVID-19 Relief Law: Provisions Benefiting Individuals
The new COVID-19 relief law that was signed on December 27, 2020, contains a multitude of provisions that may affect you. Here are some […]
CAA Doubles 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 […]
Business Meals Provided by Restaurants Deductible in 2021-2022
The recent stimulus legislation, the Consolidated Appropriations Act of 2021, (CAA 2021) included a provision that removes the 50% limit on deducting business meals provided […]
The Holidays are the Season for Charity Fraud
Americans generally feel generous during the holidays and usually are eager to donate to worthy charitable causes. At the same time, they’re so busy […]
Maximize Your 401(k) Plan to Save for Retirement
Contributing to a tax-advantaged retirement plan can help you reduce taxes and save for retirement. If your employer offers a 401(k) or Roth 401(k) plan, […]
Qualifying for a Medical Expense Tax Deduction
You may be able to deduct some of your medical expenses, including prescription drugs, on your federal tax return. However, the rules make qualifying for a medical […]
