Accounting: How Can My Business Benefit From Hiring an Expert?
Starting a small business can be difficult on a limited budget. When deciding where to cut business costs, you may think that doing your own accounting instead of hiring a … Read More
Accounting Graduates: What Are Your Next Steps?
2020 has been an unprecedented year for the workforce, especially for those in the accounting industry. If you are an aspiring accountant who has recently graduated and ready to take … Read More
The Paycheck Protection Program Forgiveness Application and What You Need to Know
If you are subscribed to our newsletter, you may know that under section 1106 of the CARES Act, businesses that qualify and are approved for the PPP loan are eligible … Read More
CAUTION: Your Extra Funding From Unemployment is Taxable
There are many individuals throughout Orange County and all over the United States who have recently lost their job in the last few months. If you are part of the … Read More
New IRS Notice: Expenses Funded by Forgiven PPP Loan Are Nondeductible
If you are subscribed to our newsletter, you may know that last week, the Internal Revenue Service issued a notice clarifying that expenses paid with the Paycheck Protection Program (PPP) … Read More
Enhancement Act: Expanding Access to Business Loans during COVID-19 Crisis
If you keep up with the news or are subscribed to our newsletter, you may have already read that last week, President Trump signed the Payment Protection Program and Health … Read More
IRS Delays: Are You Still Waiting on Your Tax Return?
The Internal Revenue Service is overwhelmed with unopened business tax refund requests and has been advising companies to instead file by fax. Because of the coronavirus pandemic, the agency’s processing … Read More
Loan Forgiveness of Paycheck Protection Program (PPP) Loans
Over the past week, we have been formulating these solid clarifications for all our clients that either received or are to be receiving their Payroll Protection Program (PPP) loan funding … Read More
Resources for Small Businesses During COVID-19
If you are a business owner, you are most likely noticing the effects that coronavirus (COVID-19) has had on your business and your clients/customers. The crisis has affected businesses, workers, … Read More
CARES Act SBA Loan
The CARES Act, which contains over $300 billion in relief for American workers and small businesses, was passed at the end of March 2020. The goal of the Act is … Read More
CARES Act SBA Loan Calculator
Curious to know if your business qualifies for the CARES Act SBA Loan? Click the link below for answers to frequently asked questions. You can also calculate an estimate … Read More
Tax Tips During the Coronavirus Pandemic
With the 2020 tax deadline shifting to July 15, you may have some questions about how and when you should file your personal and business taxes. We’ve gathered a few … Read More
Common Tax Filing Mistakes For Small Businesses and How to Avoid Them
Mistakes on tax forms can cost your small business time and money. Even though mistakes are common and can happen to anyone, there are things that you can do to … Read More
Tax Payment Deadline Extended As a Response to COVID-19
Can’t pay your taxes by the April 15th deadline? If you need more time, the federal government is granting filers an extra 90 days to pay income taxes that are … Read More
Can I File a Business Tax Extension?
Tax Season can be very overwhelming for individuals and businesses. Luckily, you can request a business tax extension by using IRS Form 4868 or Form 7004. There are many reasons … Read More