By Bobby Rich The IRS and Treasury offered details in Notice 2021-25, on a provision of the COVID-19 relief package that...
Businesses Temporarily Allowed 100-Percent Deduction for Meal Expenses
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Stimulus Payment Round Three
By Brandy Bradley The Internal Revenue Service (IRS) will soon be delivering the third round of Economic Impact Payments,...
Highlights of the American Rescue Plan Act
[divider height="30" style="default" line="default" themecolor="1"] By Brandy Bradley Congress has passed the American...
Important changes by SBA regarding PPP Loans and Sole Proprietors
Important changes have been made by the U.S. Small Business Administration (SBA) to Paycheck Protection Program (PPP) loans...
PPP Revamp Helps Businesses with Fewer Than 20 Employees
The Biden administration has released new changes to the Paycheck Protection Program (PPP) that will go into effect on...
Returning 2nd Round Stimulus Check
Many Americans are receiving their second stimulus checks. For some, they have received more than expected. Should you...
Shuttered Venue Operators Grant
NOTE: This article is current as of January 27, 2021, and will be updated as more information is made available by the SBA....
SBA Releases Guidance on Second-Draw PPP Loan Calculations
On January 19, 2021, the U.S. Small Business Administration (SBA) and Treasury released guidance for how Paycheck...
Updated PPP Loan Forgiveness Applications Released
Updated Paycheck Protection Program (PPP) loan forgiveness guidance and forms were released Tuesday, January 19, by the...
COVID-19 Relief for Self-Employed Taxpayers
The Families First Coronavirus Response Act authorized a tax credit for Qualified Sick Leave and Qualified Family Leave for...
Income Tax Update
President Trump signed into law billions of dollars in long-awaited COVID-19 and economic relief. The relief package is...
PPP Loans Update: First and Second Time Borrowing
Good news for small business owners, the Paycheck Protection Program (PPP) is re-opening the week of January 11 for another...