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From the Blog

05.27.2020 02:20

Attuning your social media strategy to the pandemic

Social media for business: Your time has come. That’s not to say it wasn’t important before but, during the novel coronavirus (COVID-19) pandemic, connecting with customers and prospects via a popular platform is essential to maintaining visibility, building goodwill and...

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05.22.2020 02:13

Forgiven PPP Expenses Aren’t Deductible

Forgiven PPP Expenses

The IRS has issued guidance clarifying that certain deductions aren’t allowed if a business has received a Paycheck Protection Program (PPP) loan. Specifically, PPP expenses are not deductible if both: -  The payment of the expense results in forgiveness of...

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05.20.2020 02:20

Virtual Workspaces: How To Succeed At Virtual Team Building

employee virtual workspaces

Thanks to affordable technology, more and more companies have been allowing employees to work remotely in recent years. It’s become feasible to procure laptops, set up security protocols, use cloud servers, and rely on employees’ home Wi-Fi connections to create...

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05.15.2020 09:13

Business Charity Donations Rules Have Changed Under The CARES Act

Business Charity Donations

In light of the novel coronavirus (COVID-19) pandemic, there's been an increase in interest for business charity donations. In order to incentivize charitable giving, the Coronavirus Aid, Relief and Economic Security (CARES) Act made some liberalizations to the rules governing...

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05.13.2020 02:20

Subchapter V Small Business Bankruptcy & Its Silver Lining

Small Business Bankruptcy

Many businesses are struggling in the wake of the coronavirus (COVID-19) pandemic. Some have already closed their doors and are liquidating assets. Others, however, may have a relatively less onerous option: small business bankruptcy. Although bankruptcy obviously isn’t an optimal...

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05.08.2020 02:13

The CARES Act Liberalizes Net Operating Losses

Net Operating Loss filing for Small Businesses

The Coronavirus Aid, Relief, and Economic Security (CARES) Act eliminates some of the tax-revenue-generating provisions included in previous tax law. Here’s a look at how the rules for claiming certain tax losses have been modified to provide businesses with relief...

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05.06.2020 02:20

Adjust Your Expectations Of Business Interruption Coverage

Business Interruption Claim

A natural place to turn when disaster strikes are insurance. The very reason you pay premiums and deal with the paperwork is to have these concentration risk management policies in place when necessary. But, when it comes to filing a...

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05.01.2020 02:13

Hiring Independent Contractors? Make Sure They’re Properly Classified

independent contractor wearing a face mask in his car

As a result of the coronavirus (COVID-19) crisis, your business may be hiring independent contractors to reduce costs within the organization. But you should be careful that these workers are properly classified for federal tax purposes. If the IRS reclassifies...

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