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 […]
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 […]
Cash in on Depreciation Tax Savers
As we approach the end of the year, it’s a good time to think about whether your business needs to buy business equipment and […]
Tax Breaks When Buying a Heavy SUV for Business
Are you considering replacing a car that you’re using in your business? There are several tax implications to keep in mind.
No Deduction in California for Expenditures Paid with Forgiven PPP Funds
With the prospect that ordinarily tax deductible business expenses will still be deductible if they were paid for with forgiven PPP loan funds contained in the Coronavirus […]
Reminder for Businesses to Register with CalSavers
California has begun their mandate of employer participation in the CalSavers Program. The program’s 3-year phase-in is as follows:
