by charlie | Nov 1, 2020 | Blog
The question is whether you should be buying a vehicle and putting it under your name personally or under your business name. There is a misconception that if you own a business and you buy a vehicle under your business name that you can then “write off’ the vehicle...
by charlie | Oct 18, 2020 | Blog
There are several types of penalties that the IRS can assess. The penalties are assessed at different rates and are set for different time periods. Getting those penalties waived can save hundreds and possibly thousands of dollars. You can even get your penalty waived...
by charlie | Oct 12, 2020 | 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 where you are mowing a few of your neighbors’ yards to determine if...
by charlie | Jun 8, 2020 | Blog
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, 2020. PPP Flexibility Act What exactly...
by charlie | May 17, 2020 | Blog
What is the HEROES Act 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 the Act...
by charlie | May 9, 2020 | Blog
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 On April 30th, the IRS determined that...
