Overview of Tax Credits for Homeowners
…to issue guidance via Frequently Asked Questions (FAQs). The FAQs are updated periodically to clarify certain points and examples are often provided. Questions about how you may take advantage of…
…to issue guidance via Frequently Asked Questions (FAQs). The FAQs are updated periodically to clarify certain points and examples are often provided. Questions about how you may take advantage of…
…the Small Business Administration’s Paycheck Protection Program (PPP) On March 31, the Small Business Administration (SBA) issued two documents: A sample Paycheck Protection Program Loan Application Paycheck Protection Program Information…
SBA PPP LOAN FORGIVENESS RULES By Scott Zickefoose, CPA, CM&AA, Tax Senior Manager PPP Loan Forgiveness Guidelines Note: Learn more about the new deadline for Paycheck Protection Program loan qualification…
…Federal funding Cannot receive a Paycheck Protection Program (PPP) loan on or after December 27, 2020 (i.e. Round 2 PPP loan) Cannot be a strip club or similar business Cannot…
…(“PPP”) loan. This notice clarifies that no deduction is allowed under the Internal Revenue Code (“IRC”) for an expense that is otherwise deductible if the payment of the expense results…
…some of the frequently asked questions (FAQs) most seen in practice: If an adviser inadvertently receives securities from a client, may the adviser forward the securities to the qualified custodian…
…employment tax returns or claim your ERC, your business can’t apply to the ERC-VDP. The third-party payer needs to apply on your behalf. Application resources and FAQs Need more information?…
…Department of Defense Guidance The DoD has issued a Frequently Asked Questions (FAQs) document that addresses questions relating to the Safeguarding of Covered Defense Information and Cyber Incident Reporting. Moreover,…
…are some FAQs regarding career coaching and how it can benefit accounting professionals in their early career. Q: What could a career coach do to help me as an entry…
…COVID-19 business assistance programs The law provides the following regarding COVID-19 business assistance programs: Retroactively allows the up to $100,000 Virginia-specific deduction for Paycheck Protection Program (“PPP”) loan forgiveness recipients…
Cryptocurrency and Blockchain FAQs Answered Cryptocurrency, Blockchain, and Bitcoin are terms used daily in the media and in various conversations. Below is a list of frequently asked questions collected from…
…equal to the amount of its pandemic-related revenue loss, subtracted by the total amount a qualifying business received in all PPP loans. The Small Business Administration (SBA) will administer and…