Blog

If you are simply “testing the waters” on a new business idea to see if it is something you want to pursue more seriously, then you likely do not need to form an LLC. For example, a lawn care business... Read More →

Big Update! Paycheck Protection Program Rapid progress is being made in the passage of the Paycheck Protection Program Flexibility Act. The bill was introduced in the House on May 15, 2020. It was just signed into law on June 5,... Read More →

  HEROES Act The new Health and Economic Recovery Omnibus Emergency Solutions Act or HEROES Act, an 1800-page piece of legislation introduced on Wednesday, May 13th into the House is a $3 trillion wave of funding. The House voted on... Read More →

The latest developments in the CARES Act small business aid package contain both good news and not so good news for small businesses. Let’s expand on what we know at this point. The PPP Loan Program – The Good News... Read More →

 IRS Ruling on 4/30/2020 In our efforts to keep you informed on what seems like a constantly evolving CARES Act small business aid package, we wanted to share with you some new information regarding the Paycheck Protection Program (PPP).... Read More →

The Paycheck Protection Program We hope you’re all doing okay through all of this craziness.  As the popular Paycheck Protection Programs continues to get additional funding, it’s important to remember the key thing about this loan: it is a loan... Read More →

Stimulus Checks – Economic Impact Payments The CARES Act  Section 2201 included a provision for Recovery Rebates for Individuals, commonly known as Stimulus Checks. The stimulus checks will be for up to: $1,200 for Individuals $2,400 for married filing jointly couples $500 for... Read More →

President Trump’s determination that the ongoing novel Coronavirus (COVID-19) pandemic called for a nationwide emergency declaration under the Stafford Act has opened the opportunity for employers to provide tax-free assistance to their employees under Section 139 of the Internal Revenue... Read More →

Following the government’s declaration of a national emergency to combat the Coronavirus (COVID-19) pandemic, the Small Business Administration (SBA) is offering solutions to help small businesses in all US states, Washington D.C. and other US territories cope with the impact.... Read More →

Taxes are tough. Unless you were blessed with an advanced knack for numbers and calculations, anything related to the ever-dreaded tax season is a source of stress, and for many, it’s a potential wrench in the gears for your business... Read More →