Claim the Employee Retention Tax Credit
The Employee Retention Tax Credit (ERTC) is a valuable tax break that was extended and modified by the American Rescue Plan Act (ARPA), enacted in March of 2021. Here’s a […]
Category: Articles
SBA Plans to Make Loan Forgiveness Easier
UPDATE: The SBA has officially dropped the PPP Loan Necessity Questionnaire from the forgiveness process. Read the updated article. There are recent reports that the Small Business Administration intends to […]
Is your nonprofit complying with federal procurement requirements?
“Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards” (Uniform Guidance) applies to all not-for-profits that accept federal funding. It has been updated and amended several times, most […]
Traveling for business again? What can you deduct?
As we continue to come out of the COVID-19 pandemic, you may be traveling again for business. Under tax law, there are a number of rules for deducting the cost […]
Don’t Let Fraud Ruin Your Restaurant Reopening
Most restaurants are finally reopening to in-person dining. And while you may now be thinking about luring customers back, hiring enough workers, and managing supply-chain shortages, one issue has remained […]
Collective impact projects find strength in numbers
Collective impact projects are collaborations between not-for-profits, government, businesses, and communities with the goal of achieving challenging and complicated social objectives. They can succeed in ways that simply aren’t available […]
The risks — and rewards — of accepting cryptocurrency payments
To use their ill-gotten cash, criminals must make it appear legitimate. That’s the job performed by money launderers, who increasingly use cryptocurrencies. According to digital currency analytics company Elliptic, crooks […]
Employee Retention Credit (ERC) Eligibility Tree
Download the ERC Eligibility Tree Here
2021 Q3 tax calendar: Key deadlines for businesses and other employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2021. Keep in mind that this list isn’t all-inclusive, so there may […]
What nonprofit board members need to know about fiduciary duties
It takes more than dedication and enthusiasm for your not-for-profit’s cause and programs to make a good board member. The most critical duty for all board members is being a […]
Not my plant! Preventing ransomware attacks on manufacturers
The world’s largest meat production company was recently sidelined by a ransomware attack. The hack forced the company to temporarily shutter plants in the United States, Canada, and Australia, affecting […]
Recordkeeping DOs and DON’Ts for business meal and vehicle expenses
If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases, taxpayers have incomplete documentation or try to create records months […]
