The IRS is NOT Extending July 15 Tax Deadline
If you haven’t had time to keep up with the tax news for this week, we’ve got you covered. The IRS recently announced that it will NOT be extending the … Read More
Business Owners: The Payment Protection Program Loan Deadline is June 30
With the deadline for the Payment Protection Program (PPP) loans fast approaching, we wanted to share a quick reminder regarding what you need to know when it comes to applying … Read More
California Proposes Limits to R&D Tax Credits
Mike Silvio, Director of Tax Services Lucia Valenzuela, Senior Manager, Specialty Tax Consulting The May 2020 revision of Governor Newsom’s proposed budget includes a provision to temporarily suspend net … Read More
PPP Loans: Business Owners Granted More Time to Spend Paycheck Protection Program Funds
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
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