If your company’s revenues have been reduced by the COVID-19 pandemic, you may be able to increase cash flow by claiming several federal and state tax credits and incentives. R&D Tax Credit The U.S. government
The IRS has released long-anticipated final bonus depreciation rules, which will implement the first-year 100% deduction that was included in the Tax Cuts and Jobs Act (TCJA). Please note that these final regulations change a
Any time your CPA firm can differentiate itself by offering a specialty niche, you have the opportunity to stand out from your competition while providing extra value to your clients. Some firms have done so
As you may know, the U.S. Supreme Court is considering a case regarding the Affordable Care Act that, depending on the outcome, could significantly affect on two types of income tax, the Additional Medicare Tax
After a lengthy comment period, the Department of Treasury has provided details about the expanded Main Street Lending Program, which seeks to help small and midsize businesses adversely affected by COVID-19. The program, included in
Congress has approved legislation that makes fixes to certain loan forgiveness provisions of the Paycheck Protection Program (PPP). The program provides assistance to small businesses encountering economic hardships as a result of the COVID-19 pandemic.
Key Points: More properties given expected COVID vacancies could now present an accelerated and less costly strategy for Opportunity Zone (OZ) investors in qualified real estate and businesses (QOZBs). The Treasury Department affirms a special
Congress has reauthorized critical funding for the Paycheck Protection Program (PPP), which was initially funded through the $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act in March. The first round of PPP funding
Written by Kreig Mitchell, Attorney at Law The Covid-19 situation has impacted just about every individual and business in the U.S. The Federal government has implemented a number of stimulus measures. The legislation is several
This bill will require most Real Estate investors to refile and amend Corporate tax returns. CPAs will quickly have to learn new laws to best help their clients in real estate (this will be a