Tax

For some time now, owners of small businesses have chosen to operate as California S Corps because of the included tax advantages

Changes made to Internal Revenue Code (IRC) Section 162(f) by the Tax Cuts and Jobs Act (TCJA) provide operational and definitional guidance on the deductibility of fines and penalties paid to governmental entities

The Treasury Department and the IRS have provided tax relief to certain individuals and businesses affected by travel disruptions arising from the coronavirus (COVID-19) emergency

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) has brought about many changes that taxpayers are sure to embrace

With historically low Applicable Federal Rates and weakened asset valuations, it’s time to take advantage of these conditions and transfer wealth

The London Interbank Offered Rate (LIBOR) is the mainstay interest rate benchmark in financial contracts entered into by organizations worldwide

We are here to help you navigate through the information and implementation during this extremely difficult time

This article is reproduced with permission from Spidell Publishing, Inc

On April 23, 2020, the SBA (Small Business Administration) issued FAQ 31, which was 20 days after the agency received the earliest applications for PPP loans