Author: Joshua O

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05 Jun

PPP Loan Forgiveness: 5 Things You Should Do

If you've received a PPP Loan, you probably have questions about how it should be used. There are certain things you need to know to get PPP Loan forgiveness, and we're here to help. Here are 5 things you should do to make the forgiveness process as painless as possible. 1. Keep the PPP Loan Separate We've...

title text in front of the White House
22 May

HEROES Act: The 7 Biggest Things it Offers

If you haven't heard, there have been talks about another round of stimulus checks for a while. Last week, the Health and Economic Recovery Omnibus Stimulations (HEROES) Act was passed through the House of Representatives. As it moves toward the Senate, there are many questions about what it entails. For your convenience, here are the 10...

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06 May

COVID-19: S-Corp Tax Relief Strategies

COVID-19 led to a lot of financial changes. In the midst of layoffs, the Paycheck Protection Program was established to give small business owners a way of keeping up with payroll and expenses. Additionally, stimulus checks have gone out to qualifying individuals across the country. However, there hasn't been much talk about S-Corp tax relief. If...

standard deduction vs itemized deduction
01 May

Standard Deduction Vs Itemized 2019: Which Should You Take

The Tax Cuts and Jobs Act changes a few things. One of the biggest changes was increasing the standard deduction. The increase was so drastic that most taxpayers will take it rather than itemize. However, it's important to know the difference between the two deductions, how they work, and which one is better for you. Important...

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09 Apr

Understanding the Economic Impact Payment

Things are changing by the minute regarding taxes, the IRS, and the Economic Impact Payment. After the CARES Act was passed at the end of March, the government agreed to send stimulus checks to qualifying taxpayers. For those who have direct deposit information with the IRS, those checks could be coming as soon as next...

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