Last week, in conversations with the staff at the church I attend, I learned the organization had failed to take the generous employee retention … [Read more...] about Houses of Worship and Nonprofits Miss the Boat on Employee Retention Credits
COVID-19
The $100,000 Real Estate Employee Retention Credit Windfall
I want to talk about something a little awkward. Partly awkward because the thing we're going to discuss doesn't present tax legislation in a very … [Read more...] about The $100,000 Real Estate Employee Retention Credit Windfall
Solving the Employee Retention Credit Partial Suspension Puzzle
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
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