News & Events

UPDATE: Paycheck Protection Program - Extended to May 31

UPDATE: Paycheck Protection Program – Extended to May 31

On March 30, 2021, President Biden signed the PPP Extension Act of 2021 into law, extending the Paycheck Protection Program…

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American Rescue Plan Act of 2021

On March 11, 2021, President Biden signed into law the $1.9 trillion American Rescue Plan Act of 2021. The legislation…

IRS Extends Deadline

Many news agencies, late yesterday and this morning, have been reporting the IRS is planning to extend the April 15,…

Updates to PPP Loan Amounts for Schedule C Filers

On March 3, 2021, the Small Business Administration released new Frequently Asked Questions, Interim Final Rules and multiple new forms…

Uncertain PPP Taxation for State Taxes

Uncertain PPP Taxation for State Taxes In late December 2020, taxpayers received resolution that they would not only be exempt…

Now Hiring: TriCities Staff Accountant

At Mitchell Wiggins our staff are engaged from the start.   This position is available for a self-motivated, responsible and organized individual…

Alert: IRS Correction to Form 1096 Zip Code

Correction to the zip code in the Austin Submission Processing Center Mailing Address. The IRS has issued an alert on…

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Simplified PPP Forgiveness for Loans $150,000 and under

On December 27, 2020, the Consolidated Appropriation Act was signed into law which created significant changes and an extension to…

2021 Tax Inflation Adjustments & Tax Rates

As we begin this new year, please keep in mind the various IRS annual limits and any changes to the…

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Dates Released for PPP2 Loan Application Processing

On January 13, 2021, the Small Business Administration announced specific dates that lenders will be allowed to begin transmitting PPP…