ALERT: PPP – DRAFT LEGISLATION UPDATE
Congress is currently working a stimulus package including potential economic relief items; extension of unemployment benefits, stimulus checks to some…
WEBINAR: Complying with the Coronavirus Paid Leave Mandate
In March, the Families First Coronavirus Response Act (FFCRA) required certain employers to provide their employees with expanded medical leave…
Maximize your 401(k) plan to save for retirement
Contributing to a tax-advantaged retirement plan can help you reduce taxes and save for retirement. If your employer offers a…
16 Sweet Cost-Cutting Measures for Small Businesses to Consider
Many small business owners are looking forward to the end of 2020. It’s been a year of significant hardship and…
ALERT: Guidance Issued On Deducting Expenses Associated with PPP Forgiveness
On November 18, 2020, the IRS issued guidance on the deductibility of PPP-funded expenses. Prior to this guidance, there was speculation…
PPP – Loan Necessity Questionnaire
Early on in the PPP application process there was question and concern around applicants demonstrating the need for the loan. Relief…
Changes to Rebuild VA Small Business Grant Program
Recently Governor Northam announced changes in the Rebuild VA Grant Program expanding both the eligibility criteria and the amount of…
The Families First Coronavirus Response Act Follow-Up
In March, the Families First Coronavirus Response Act (FFCRA) was enacted which requires certain employers to provide employees with expanded…
When a Spouse Inherits an IRA
Spouses have the most flexibility when inheriting individual retirement accounts (IRAs). The basic rules are: The spouse may treat the inherited…
Hobby or Business? How to Treat COVID-19 Sideline Activities for Taxes
Today, many people sell homemade products online or work on some unincorporated sideline venture outside of their regular day jobs….