Possible Tax Consequences of PPP Loans
If your business was fortunate enough to have applied for, and received a loan under the Paycheck Protection Program (PPP) in connection with the COVID-19 crisis, you […]
What the Payroll Tax Deferral Means for Your Business
On August 8, 2020, President Trump signed four executive actions, including a Presidential Memorandum to defer the employee’s portion of Social Security taxes for some people. These […]
IRS Issues Fact Sheet on Reportable >$10,000 Cash Transactions
(Image copyright belongs to Serge Averbukh)
In Fact Sheet 2020-11, the IRS has presented a series of examples […]
New FAQs Address PPP Loan Forgiveness Issues
The U.S. Small Business Administration (SBA), in consultation with the Department of the Treasury, released guidance on 8/4/2020 answering 23 frequently asked questions (FAQs) regarding the forgiveness of Paycheck […]
IRS Reveals the “Dirty Dozen” Tax Scams for 2020
(As posted to IRS.gov on 7/16/20)
Via IR-2020-160, the Internal Revenue Service today announced its annual […]
How Some “Reputable” Professionals Enable Illegal Opioid Distribution
With COVID-19 still raging in much of the country, the opioid crisis may not be the top public health challenge on most Americans’ minds. […]
Skimming Losses Can Be Significant
Skimming isn’t the biggest fraud threat for most businesses. The theft of cash receipts represents only 11% of asset appropriation schemes, according to the Association of Certified […]
Avoiding the Trust Fund Recovery Penalty
If you own or manage a business with employees, you may be at risk for a severe tax penalty. It’s called the “
1099-NEC Debuts in 2020
There’s a new IRS form for business taxpayers that pay or receive nonemployee compensation.
Rickards and Schiff on Deflation vs Inflation
As Posted to the Kitco News YouTube Channel on 8/3/2020
Part 3 of 3 (Run Time […]
