There is also additional money available from the Small Business Administration (SBA) for a new round of loans part of the Paycheck Protection Program (PPP) loans courtesy of the Emergency Coronavirus Relief Act of 2020. Here's what you need to know about PPP Loan Funds: Requirements to Take Out a 2nd PPP Loan If [...]
Not-for-profit organizations may not be the first thing that comes to mind when reviewing the provisions of the Tax Cuts and Jobs Act of 2017. However, this major tax reform significantly changes how taxes are assessed for corporations, pass-through entities, and individuals. These entities are a core component of a not-for-profit organization’s donor base, and [...]
We are racing towards the tax season finish line like the US Bobsled team in China (hopefully a bit faster), and now that we have seen a large volume of tax returns it is interesting to see what our initial projections are for who is most affected by the 2018 Tax Act. As a [...]
One of the least anticipated provisions of the newly enacted “Tax Cuts and Jobs Act” is that employers will no longer be able to deduct parking expenses (on the employer’s premises) for employee provided parking. This seems odd in light of the fact that employees almost always assume that some type of free parking will [...]
