PPP loans have reopened: Let’s review the tax consequences
The Small Business Administration (SBA) announced that the Paycheck Protection Program (PPP) reopened the week of January 11. If you’re fortunate to get a PPP loan to help during the COVID-19 crisis (or you received one last year), you may wonder about the tax consequences.
Getting more for your marketing dollars in 2021
A new year has arrived and, with it, a fresh 12 months of opportunities to communicate with customers and prospects. Like every year, 2021 brings distinctive marketing trends to the table.
One reason to file your 2020 tax return early
The IRS announced it is opening the 2020 individual income tax return filing season on February 12.
Blockchain beckons businesses … still
The term and concept known as “blockchain” is hardly new. This technology surfaced more than a decade ago. Bitcoin, the relatively well-known form of cryptocurrency, has gotten much more attention than blockchain itself, which is the platform on which Bitcoin is exchanged.
Nonprofits: Get the word out in 2021
Many not-for-profits have been too busy trying to stay afloat to put a lot of resources and energy into public relations. But as the new year begins, you might start thinking about how you’ll promote your organization, mission and programming in 2021. Here are five suggestions:
Reduce gift and estate tax exposure by making direct payments of tuition and medical expenses
Now that the gift and estate tax exemption has risen to $11.7 million for 2021, you may be less concerned about these taxes.
Important Reporting Reminders When Preparing 2020 Forms W-2
By Peter O. McDonald, CPA, Member of the Firm
Bonuses Under FLSA and Calculation of Overtime
By Laura L. Stover, SHRM-SCP, SPHR, HR Manager Terri R. Enfusse, Payroll Supervisor