On June 16, 2020 the SBA released the updated Paycheck Protection Program Loan Forgiven Application.
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Senate Passed the Paycheck Protection Flexibility Act
On June 3, the Senate passed the Paycheck Protection Flexibility Act. It has been sent to President Trump, who is expected to sign it.
Intra-Family Loans: Can They Benefit Your Family?
With the estate tax exemption at approximately $11.5 million most of our clients would not achieve any transfer tax savings from making below market interest rate loans and letting their children invest the loan proceeds and earn a higher return.
Tracking Mileage in QuickBooks Online
If you’re having to drive for work during the pandemic, let QuickBooks Online make sure you’re recording all of your deductible mileage.
Make QuickBooks Yours: Customize the Desktop
Make QuickBooks work faster for you by changing a few settings.
COVID-19 & Sales Tax: What You Need to Know
How will COVID-19 affect how states approach sales tax enforcement?
Are Taxes A Part of Your Investment Strategy?
Taxes are a big drag on investment performance, greater than either commissions or management fees.
Qualified Small Business Stocks: What is the Right Business Entity Type?
Clients often debate the best choice of business entity (C-Corporation, S-Corporation, LLC, etc.) for their operations. In most cases a flow-through entity is chosen.
Private Foundations May Be the Right Choice for Your Family
Private foundations are an undervalued tool for both income and estate planning. They are often bashed in the press for being cumbersome and expensive to operate but we disagree with this opinion.
Loan Forgiveness Expenses Not Deductible
Learn more about this interesting ruling by the IRS.