IRS to recalculate taxes on unemployment benefits; refunds to start in May
To help taxpayers, the Internal Revenue Service announced yesterday that it will take steps to automatically refund money this spring and summer to people...
Tax Day for individuals extended to May 17: Treasury, IRS extend filing and payment...
The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date for individuals for the 2020 tax year...
Congress passes COVID-19 relief bill
Congress passed President Biden's $1.9 trillion COVID-19 relief bill Wednesday afternoon. The bill will now go to the White House for Biden’s signature.
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PPP 2.0: Helping Your Client Apply for Loan Forgiveness
The Paycheck Protection Program (PPP) was a lifeline for the millions of small businesses that received forgivable loans. But now, time might be ticking...
IRS Guidance on the Employee Retention Credit (ERC)
The IRS published additional guidance on the Employee Retention Credit (ERC) this week. This guidance is helping advisors navigate the waters of taking the...
SBA rules PPP borrowers can use gross income
The U.S. Small Business Administration (SBA) issued new Paycheck Protection Program (PPP) rules that allow self-employed individuals who file Form 1040, Schedule C, Profit...
Biden-Harris Administration Increases Lending to Small Businesses in Need & Announces Changes to PPP
The official White House website released a fact sheet surrounding the Biden-Harris Administration's several changes to the PPP to aid small businesses amid the...
2021 IRS Nationwide Tax Forum and Expo Will Be Virtual
The IRS has announced that the 2021 IRS Nationwide Tax Forum and Expo will be virtual. In addition to a series of live streamed...
PPP 2.0: The Short Version of What You Need to Know
At this point I think “PPP” for most accountants is the equivalent of nails on a chalkboard. While we’re all happy to see our...
The COVID-19 Stimulus Package & PPP Relief
Overall, the bill seems to be a net positive, with some much needed changes and additions for small businesses. To be honest, it was...
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Mental Health Check: Lack of Motivation & Feeling Defeated
We've all been there. We've all had a deadline or project hanging over our heads that we just couldn't get ourselves to get to....
Why an Expense Management System is Key to Expanding Your Firm’s Client Advisory Services
Client advisory services (CAS), has been a buzzword in the accounting profession for years.
In theory, the business strategy is simple: evolve your firm’s services...
Chicken or the Egg: Does Process Dictate Technology or Technology Dictate Process?
Finding the perfect technology solution needs to be finessed with compromises from the most effective process.