If your small business got beat up during the pandemic? And you didn't get an employee retention credit, or ERC, refund? You should know two things. … [Read more...] about April 15, 2025 ERC Deadline Approaches
PPP
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
Three Tips for Bigger Employee Retention Credits
If your business got beat up by the Covid-19 pandemic—many did of course—you hopefully know about employee retention credits. But what you may not … [Read more...] about Three Tips for Bigger Employee Retention Credits
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
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
The PPP Tax Trap
Okay, sorry, but I’m worried you might stumble into a PPP tax trap. The good news here? You may be able to avoid the trap. But the bad news? You … [Read more...] about The PPP Tax Trap
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