Okay, something you should know if you employ workers. You may have a backdoor method for qualifying for the employee retention credit. The partial … [Read more...] about Solving the Employee Retention Credit Partial Suspension Puzzle
COVID-19
Owner Wages and Employee Retention Credit
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
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
Calculating Revenue Reductions for Second Draw PPP Loans
As you probably know if you’re reading this, small businesses suffering from 25 percent or bigger revenue reductions may receive a second draw PPP … [Read more...] about Calculating Revenue Reductions for Second Draw PPP Loans
PPP Loan Amount Increases
A week or two from now, you may get a chance to get a PPP loan amount increase. We just need Congress to pass and the President to sign the … [Read more...] about PPP Loan Amount Increases
PPP Second Draw Loans
Very soon, maybe right after the holidays, some borrowers will be able to get a second PPP loan. So a second bite at the apple. Accordingly, I want … [Read more...] about PPP Second Draw Loans