by Jessica Diaz | Feb 19, 2021 | Uncategorized
On December 27, 2020, former President Trump signed into law The Consolidated Appropriations Act, 2021 (CAA21), which contains several tax law changes, including expanded eligibility for the Employee Retention Credit (ERC) for businesses whose PPP loan(s) made them...
by Jessica Diaz | Feb 5, 2021 | Uncategorized
Due to economic fall-out from the Coronavirus pandemic, Congress enacted the Coronavirus Aid, Relief, and Economic Security Act (or CARES Act), on March 27, 2020. In it, special distribution options and rollover rules for retirement plans and IRAs were introduced, as...
by Jessica Diaz | Dec 28, 2020 | Uncategorized
Congress passed a second round of COVID relief last week – what does this mean for small businesses? Payroll Protection Program (PPP) Loan Forgiveness Last spring, Congress made the forgiveness of PPP loans tax free. The IRS then misinterpreted the law and made...
by Jessica Diaz | Nov 24, 2020 | Uncategorized
Few business owners understand the wealth of information contained in their balance sheet and profit and loss statements. Your financial statements tell people how your company is performing, but they may be speaking a language you don’t yet understand. Every tax...
by Jessica Diaz | Nov 9, 2020 | Uncategorized
If you are a business owner who is looking to secure a mortgage, there are a few key concepts to remember. First, apply to a mortgage company that actually makes mortgage loans to business owners. Most do not, so be sure to ask this question up front. If you near...
by Jessica Diaz | Oct 23, 2020 | Uncategorized
Running a business without financial information is next to impossible. You can never figure out if you’re making a profit. You never know how much money is in the bank. Big tax bills are an annual and unwelcome surprise. You may suspect your bookkeeper is failing,...
