IRS Issues Guidance on Deductibility of PPP Loan-Funded Expenditures
Timing of Non-Deductibility of Forgiven PPP Loan-Funded Expenditures
In guidance issued on 11/18/2020, the IRS has made it […]
New Business? Start a Retirement Plan
If you recently launched a business, you may want to set up a tax-favored retirement plan for yourself and your employees. There are several types of qualified […]
California Small Business Hiring Credit FAQs
The California Legislature passed, and the governor signed, Senate Bill 1447 (click here for FTB Bill Analysis) into law creating a […]
Mutual Fund Buy-Sell Tax Pitfalls
If you invest in mutual funds, be aware of some potential mutual fund buy-sell tax pitfalls that can surprise the unwary.
21st Century Forensic Accounting
Forensic accountants are engaged for a wide variety of assignments, among them investigating fraud, auditing internal controls and quantifying damages associated with legal disputes. All of these […]
2021 Social Security Wage Base is Increasing
If your small business is planning for payroll next year, be aware that the 2021 Social Security wage base is increasing.
IRS Expands Enforcement Focus on Abusive Micro-Captive Insurance Schemes
In IR 2020-226, the Internal Revenue Service, on 10/1/2020, encouraged taxpayers to consult an independent tax advisor if they participated in […]
Per-Diem Rates for Post-9/30/20 Business Travel
IRS issued Notice 2020-71 which contains the special per-diem rates for taxpayers to use, after 9/30/2020, to substantiate ordinary and necessary business […]
Is Your Business Inadvertently Paying a Shell Company?
Not all shell companies are dishonest. Despite their often-sinister reputation, these paper-only companies may be used legitimately to hold another business’s assets. Or they […]
What Tax Records Can You Throw Away?
October 15 was the deadline for individual taxpayers who extended their 2019 tax returns. (The original April 15 filing deadline was extended this year to July 15 due to […]
