Thanks to relief provided by the IRS, your corporation’s 2019 federal income tax return (Form 1120) deadline has been extended to 7/15. With that, here are some important tax planning options to consider between now and then. Claim 100% First-Year Bonus Depreciation – or not Businesses can claim 100% of first-year bonus depreciation for qualifying…
Why Small Biz Owners May Want to Extend the July 15 Tax Deadline Read More »
Aside from fewer cases being reported, one good thing we’re seeing from the otherwise crippling coronavirus pandemic is that it has revitalized a greater appreciation and enthusiasm in support of local, small businesses. Approximately 75% of consumers plan to support local merchants as much as possible once restrictions on non-essential businesses are lifted. This data
Consumer Spending Habits Change in Greater Support of Local Business Read More »
Summer 2020 is just about here. Sure, it won’t be like the summer we’re used to, but it will be one we’re going to remember. But there’s good news! As the warm weather approaches, small businesses will begin re-opening and more people will start heading out. With that in mind, local health and government officials
“Face to Face” With Summer 2020 Read More »
One of the most enticing features of the Paycheck Protection Program (PPP) loan is the thought of not having to pay it back. A small business with a PPP loan has just eight weeks to use it for qualifying expenses such as payroll, rent, mortgage interest and utilities. However, as small-business owners found out, the
PPP Loan Forgiveness – How You May Not Have To Pay It Back Read More »
New York Governor, Andrew Cuomo’s “PAUSE” order expires this Friday – making way for the state to begin a soft” re-opening, limited to 3 regions only. The (3) three regions in NYS include The Mohawk Valley, Finger Lakes, and Southern Tier. Each has so far, met the criteria made up of 7 metrics required to
Most of NYC on “Pause” As 3 Regions Set to Re-Open Read More »
How did the historic $669 billion Paycheck Protection Program (PPP), intended to be a lifeline for small business owners during the COVID-19 pandemic, go from being salvation to the opposite? WHAT HAPPENED? At the center of the program are Secretary Steven Mnuchin and other politicians and pundits who (in their haste) did not anticipate or
Why Some Small Biz Owners Say “No Thanks” to PPP Read More »
Like many places around the nation, the workplace office looks empty. With many employees furloughed or working from home, what will the office of the future look like post-COVID-19? The risk of opening too soon gives rise to worries of another spike in new coronavirus cases. Before people get back to work, companies will need
How COVID-19 Will Change The Workplace You Once Knew Read More »
The Department of Homeland Security (DHS) has issued a temporary policy change regarding items listed within List B of Form 1-9. The change is due to stay-at-home orders in effect due to the coronavirus that is causing difficulty for those in need to renew their state driver’s license, a state ID card, or other Form
Renewing Your Driver’s License This Year Just Got Easier Read More »
According to the National Federation of Independent Business (NFIB), over 90% of small businesses have been negatively affected by the coronavirus outbreak. So, how does small business rebuild and come back from such a hit. Well, the short answer is, “slowly”. Of course, this will be dictated by industry. But now, is a good time for
Ways Small Biz Can Rebuild Post COVID-19 Read More »
The Small Business Administration (SBA) issued new guidelines today, making it less likely for the larger companies to access the next round of funding for the small business relief program. The SBA also increased pressure for public companies to give back any money they received. This comes after public outcry of unfair practices that saw
Large Companies Access $365M in Loans Intended for Small Business Read More »
Item Added!
Qty
