Reduce Tax with an S Corporation
Do you conduct your business as a sole proprietorship or as a wholly owned limited liability company (LLC)? If so, you’re subject to both […]
Going Into Business for Yourself
When you make the decision of going into business for yourself, you’ll find that many people who launch small businesses start out as sole […]
Guidance on PPP Loan Calculations for Self-Employed Individuals
The Small Business Administration (SBA), in consultation with the Department of the Treasury, has issued guidance to assist businesses in […]
Employment Tax Deposit Deferral FAQs
On its website, IRS has issued FAQs on the deferral of the deposit and payment of the employer’s share […]
Employment Tax Deposit Relief via COVID-19 Tax Credits
The IRS has issued guidance providing employment tax deposit relief for employers that are entitled to the refundable tax credits provided under […]
New COVID-19 Fraud Schemes
Like the coronavirus (COVID-19) pathogen itself, incidents of COVID-19 fraud are surging and financial losses are piling up. The Federal Trade Commission (FTC) reports that the number […]
IRS Q&A on CARES Act Employee Retention Tax Credit
The recently enacted Coronavirus Aid, Relief, and Economic Security (CARES) Act provides a refundable employee retention tax credit for 50% of wages paid by […]
New SBA Website Discusses CARES Act Relief
On March 27, the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (CARES Act, PL 116-136). Among other provisions, the CARES Act contains several new […]
Expanded Coverage of the CARES Act
This post provides expanded coverage of the CARES Act, Congress’s gigantic economic stimulus package that the President signed into law on March 27, 2020.
CARES Act Provides More Tax Relief for Businesses
On 3/27/20, President Trump signed into law another coronavirus (COVID-19) law. The CARES Act provides more tax […]
