Why Your Cannabis Clients May Need to Pay Multi-state Sales Taxes
Cannabis taxes are a challenge across the industry. Everyone working in cannabis knows that IRC Section 280(e) presents some big challenges for anyone operating...
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...
Five Tips for 1099s in QuickBooks Online
As if 2020 hasn’t been challenging enough now at the mad dash to the year-end we need to learn and comply with the new...
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...
Changes in the Employee Retention Tax Credit with New Stimulus Bill
This article was adapted from a Twitter thread that you can read here. The editors of TPN have been scouring the Internet to bring...
Politics and Tax Planning Do Not Mix: How to Help Your Clients Deal with...
After a highly politically charged year, it is not a topic too many of us are excited to talk about; however, changes in administration,...
New COVID-19 Legislation: Latest Developments on the PPP, Employee Retention Credits, and More For...
The PPP portion of the March 18, 2020 Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was aimed at helping small and mid-sized...
Update on 11th Hour Covid Relief Bill: Economic Aid to Hard-Hit Small Businesses, Nonprofits, and...
Update December 27, 2020: Trump has signed this bill into law, you can read more here.
Everyone in the tax community is scrambling to find...
A Look at Proposed Legislation: Last Minute 2020 Curveballs
Well, I do not know what would be more 2020 than a last-minute legislative action that would change some of our carefully planned yearend...
IRS Issues Rev Rul: Year of Deductibility for Expenses Paid with PPP Dollars
The IRS issued Revenue Ruling 2020-27 that addresses when a borrower should exclude the expenses used to obtain forgiveness of their payroll protection program...