PPP loan non-deductible

IRS Says No Double Tax Benefit for PPP Loan Recipients

Tristan F. Spence, CPA, CVA Business Management, Coronavirus, Tax Planning For Businesses Leave a Comment

If you thought your business was going to deduct all those expenses you were planning to pay with a loan from the Paycheck Protection Program (PPP), you need to be …

small business coronavirus

Small Business Disaster Loan Program: Coronavirus Update

Tristan F. Spence, CPA, CVA Coronavirus, News, Tax Planning For Businesses, Tax Planning For Individuals Leave a Comment

On March 6, 2020, the President signed emergency coronavirus response legislation, which includes the Economic Injury Disaster Loan (EIDL) program, to help small businesses through this challenging time.   This guide answers …

Hogan Executive Order Closes Maryland Non-Essential Businesses

Steven G. Albert, CPA, MST Coronavirus, News, Tax Planning For Businesses, Tax Planning For Individuals Leave a Comment

March 23, 2020: Governor Hogan issued an order, effective at 5:00 p.m. today, closing all Maryland non-essential businesses. Click here to view the guidance with a non-exhaustive list of businesses, …

small business coronavirus

Families First Coronavirus Response Act: COVID-19 Update

Steven G. Albert, CPA, MST Coronavirus, News, Tax Planning For Businesses, Tax Planning For Individuals Leave a Comment

In its second month, the coronavirus crisis is tightening its grip on the U.S. economy, spurring the Trump administration and Congress into taking bold actions to mitigate the damage. In …

Tax Reform

2019 Tax Filing Deadline & Payment Extended to July 15

Steven G. Albert, CPA, MST Coronavirus, News, Tax Planning For Businesses, Tax Planning For Individuals 1 Comment

The United States Treasury and the IRS confirmed on Wednesday that individuals and businesses will be allowed to postpone their 2019 tax payments for up to 90 days due to …

IC-DISCs

IC DISCs: The Biggest Tax Break Most Businesses Don’t Know About

Glass Jacobson Financial Group Business Management, International, Tax Planning For Businesses Leave a Comment

Did you know that there’s a tax break that was specifically enacted as an incentive to strengthen U.S. manufacturing and encourage exports during the economic recovery? The Interest-Charge Domestic International …