Business owners or self-employed individuals (freelancers, independent contractors) are required to make quarterly payments based on their net earnings, especially if they have a balance above $1000. Unfortunately, most business owners often neglect the importance of m...

In response to the COVID-19 outbreak, the Treasury Department and the Internal Revenue Service have provided special tax filing relief to individuals and businesses by extending the April 15th deadline to July 15th. While this relief has given taxpayers additional time...

When the coronavirus (COVID-19) hit the US market, the majority of the businesses had to shut down due to lockdown orders. Due to the lockdown, Congress established the PPP (Paycheck Protection Program) to provide relief for small businesses as part of the CARES Act. T...

If you missed out on the EIDL (Economic Injury Disaster Loan) and the PPP (Paycheck Protection Program), don't worry, there is another way to access funds to keep your business and your employees.

The Employee Retention Credit is a refundable tax credit that is equal to...

The CARES Act allows business owners to defer the deposit and payment of the employer's share of social security taxes. 

Social Security taxes are at a rate of 6.2% on wages up to $132,900 per each employee for the calendar year. The CARES Act allows...

A business owner recently asked us if they could offset their taxes by backdating an expense check of $150,000 back to December 2019 so they could pay nothing for their taxes for 2019. Is this legal?

There are many people out there who want to avoid paying taxes by us...

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Differences Between the Current SBA Loan and the Future SBA Loan

March 27, 2020

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