COVID-19 News and Updates

Temporarily Relocating to an Out-of-State Secondary Home Due to COVID-19? You May be Subject to Double Taxation on the Same Income

COVID-19 News and Updates
| Sep 05, 2020

As the CORONA VIRUS Pandemic spread across the United States at the end of March, much of the Country was required to shut down business operations because of governmental stay-at-home orders.

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Temporarily Relocating to an Out-of-State Secondary Home Due to COVID-19? You May be Subject to Double Taxation on the Same Income2020-09-09T18:06:51-04:00

Are Expenditures Paid From Paycheck Protection Program (PPP) Loan Proceeds (That Qualify For Loan Forgiveness) Deductible For Income Tax Purposes?

Many clients and colleagues have been asking a key question regarding the PPP loan program enacted as part of the CARES Act signed into law in March, 2020. The key question is, “can I deduct the expenses that are paid with the PPP loan

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Are Expenditures Paid From Paycheck Protection Program (PPP) Loan Proceeds (That Qualify For Loan Forgiveness) Deductible For Income Tax Purposes?2020-08-21T10:32:55-04:00

Main Street Loans

Company News
| Aug 20, 2020

Please fill out the form to download our Main Street Loans overview chart where we discuss the key features, eligibility requirements, and application details for a variety of Main Street Loan options. [contact-form-7 id="6135" title="Main St Loan Chart"]

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Main Street Loans2020-08-21T17:44:09-04:00

Main Street Lending Program for Mid-Sized Businesses – Updated June 23, 2020

The Federal Reserve established the Main Street Lending Program on April 9 and made modifications to some details and key terms on April 30, 2020, and again on June 8, 2020. The most recent modifications include a 2-year

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Main Street Lending Program for Mid-Sized Businesses – Updated June 23, 20202020-07-20T16:19:26-04:00

IRC Section 165(i) Special Election to Deduct Current Year Disaster Losses in Preceding Tax Year

Existing tax law under IRC Section 165(i) allows a special election to deduct losses occurring in a federally declared disaster area in the tax year immediately preceding the tax year that the loss was incurred. 

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IRC Section 165(i) Special Election to Deduct Current Year Disaster Losses in Preceding Tax Year2020-07-20T16:12:56-04:00