Covid-19 Relief for Small Businesses

April 3rd, 2020
Posted By
Emily Leazer
Below is a brief description of just a few Covid-19 relief options available to small business owners. Economic Injury Disaster (EIDL) Loan Advance The Economic Injury Disaster Loan Advance (EIDL) is a grant up to $10,000 available to small business… Read More
Categories: Business

QBI Deduction

February 19th, 2019
Posted By
John Griffing
The Tax Cuts and Jobs Act of 2017 permanently reduced the top corporate tax rate to 21%. To try and make the playing field somewhat even for other businesses, this law also gave taxpayers with noncorporate businesses a new deduction for tax years 201… Read More
Categories: Business, Tax Law

New IRS Partnership and LLC Audit Procedures

February 13th, 2019
Posted By
John Griffing
The 2015 Tax Act had a provision changing the way the IRS has audited partnerships under a law going back to the 1980s. The new provision became effective January 1, 2018, so it now applies to partnership returns being filed this year. Partnerships,… Read More
Categories: Business, Tax Law