PPP Update and a Second Stimulus Bill – Congress Decides to Act!
Congress passed a second major stimulus to help the economy survive COVID, and there are major PPP and non-PPP ramifications to be aware of, especially for small businesses.
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WFFA Admits Jason Ackerman to Partnership
Wagner, Ferber, Fine and Ackerman has announced today that Jason Ackerman has been admitted to the firm’s partnership.
Changes to Form 1099-MISC, Introducing Form 1099-NEC
2020 is bringing changes to an IRS reporting requirement that affects businesses that make payments to independent contractors, freelancers, or others that provide services to your company (other than as an employee).
December Client Bulletin
Working from a home office has become a reality for many of us this year. But what, exactly, are the rules to be able to deduct your home office expenses on your tax return? Read about some ideas to help you qualify for the deduction.
Congress Should Act to Make PPP Forgiveness Tax Free (As They Originally Intended)
Check out our piece on making PPP loan forgiveness tax free, which was the original intention of Congress.
PPP Update – When Is My PPP Forgiveness Taxable?
Congress made its original intention clear – the PPP was to be a forgivable loan that, upon forgiveness, would generate tax-free income. The IRS had other plans. Learn more in our latest blog post.
Navigating Your 2020 Tax Plan
As we near the end of 2020, it is time to start thinking about what tax planning strategies should be put in place before year-end to minimize your tax burden. Check out our 2020 tax planning guide in our latest blog post.
November Client Bulletin
With all the talk during the pandemic about saving money, it is possible to go too far. Included in our November newsletter are some ideas to make sure this does not happen to you.
Your Team is a Wheel (and Sometimes a Football Team) The importance of building your company’s support team (and how to aggressively mix metaphors)
Every business and every business owner should have an external support team. Learn how to create one in our latest blog post.
PPP Update – Forgiveness Help for Small Businesses with PPPs of $50,000 or Less
The SBA and Treasury released (yet) another update to the PPP rules, this time focusing on helping the smallest borrowers, those with PPP loans of $50,000 or less.