Editor’s Note: The employee retention credit (ERC) potentially provides big tax benefits to employers beat up by the pandemic. But the credit is … [Read more...] about Owner Wages and Employee Retention Credit
The Post-Pandemic Economy and Your Small Business
The numbers keep getting better. Cases, hospitalizations and fatalities have collapsed in the U.S. since the beginning of the year. In the U.S., … [Read more...] about The Post-Pandemic Economy and Your Small Business
The Covid-19 Epidemic Endpoint: New Research Gives Hope
Fascinating research popped up on a preprint server last week. New work from scientists who earlier in the Covid-19 pandemic made big … [Read more...] about The Covid-19 Epidemic Endpoint: New Research Gives Hope
Biden Capital Gains Tax Planning
As you may know, President Biden proposes changing the tax law in a bunch of areas, including ratcheting up the capital gains tax that some investors … [Read more...] about Biden Capital Gains Tax Planning
IRS S Corporation Shareholder Salary Data
If you operate as an S corporation, you already know that you need to set a salary for shareholder-employees. A reasonable one. And you hear lots … [Read more...] about IRS S Corporation Shareholder Salary Data
The New Sole Proprietor PPP Formula
As of March 3, 2021, a new sole proprietor PPP formula exists. While most Paycheck Protection Program borrowers calculate their PPP loan amount … [Read more...] about The New Sole Proprietor PPP Formula
Updating your Financial Game Plan for Low Interest Rates and Equity Returns
A couple of times over the last few months, I've read good academic papers about the impact of historically low costs of capital. So, the impact of … [Read more...] about Updating your Financial Game Plan for Low Interest Rates and Equity Returns
Covid-19 Late S Corporation Elections
Like most small business CPA firms, we love S corporations. Oh, no, it’s true. Call us crazy. But we love the way they help entrepreneurs reduce … [Read more...] about Covid-19 Late S Corporation Elections
Covid-19 Economic Uncertainty Update
Over most of the last year, we’ve talked a lot at this blog about economic uncertainty and the Covid-19 pandemic. As you maybe know, the popular … [Read more...] about Covid-19 Economic Uncertainty Update
ERC and PPP Affiliation Rules May Make Acquisitions More Attractive
Editor's Note: Daniel Chodan, a tax partner with the Trout CPA firm in Pennsylvania, wrote the article that appears below. If you follow Dan on … [Read more...] about ERC and PPP Affiliation Rules May Make Acquisitions More Attractive