James Horkey CPA/ABV CFF Archives - Page 4 of 5 - HW&Co. CPAs and Advisors

To Tax Affect or Not to Tax Affect? A Key Question when Valuing a Pass-Through Business

By: James Horkey

Most U.S. businesses operate as so-called “pass-through” entities, including partnerships, limited liability companies (LLCs) and S corporations. For decades, the IRS and valuation professionals have been at odds over how […]

Six Steps to Prepare Your Business for a Sale

By: James Horkey

The COVID-19 pandemic has put unprecedented stress on private business owners, and some are now considering selling their businesses. Before putting your business on the market, it’s important to prepare […]

Claim the Employee Retention Tax Credit

By: Tony LaNasa

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 […]

What’s in the American Rescue Plan Act (ARPA)?

By: Tony LaNasa

The American Rescue Plan Act, 2021 (ARPA) was signed by President Biden on March 11, 2021 to help businesses, nonprofits and individuals affected by COVID-19. The legislation extends and expands […]

New PPP Rules, Applications, and Loan Forgiveness Revealed

By: Tony LaNasa

New PPP Loan Forgiveness Application The US Small Business Administration (SBA) and Treasury updated their loan forgiveness forms on January 19, 2021. Among these is the PPP Loan Forgiveness Application […]

PPP2 Details and Application Process

By: Tony LaNasa

The new $900 billion stimulus bill, the Consolidated Appropriations Act, provides a variety of financial stimulus measures, including $284 billion for a second round of Paycheck Protection Program […]

Congress Passes $900 Billion COVID Relief Bill

By: Tony LaNasa

The U.S. Senate and House of Representatives passed a $900 billion COVID-19 relief bill 12/21, that provides $600 stimulus payments to individuals, adds $300 to extended weekly unemployment benefits, and provides […]

PPP Loan Expenses: What’s Deductible?

By: David M. Reape

The simple answer is, we’re not sure yet. This week, the IRS issued Revenue Ruling 2020-27 which provides additional guidance on the non-deductibility of expenses paid with PPP loan proceeds […]

SBA Issues New Questionnaire for Larger PPP Borrowers

By: Tony LaNasa

The Small Business Administration (SBA) has begun issuing loan necessity questionnaires to Paycheck Protection Program (PPP) borrowers with loans over $2 million. SBA will use the questionnaire as they review […]

Ohio to Offer $429.5 Million in CARES Act Funds to Businesses, Individuals & Nonprofits

By: Tony LaNasa

In an announcement on Friday October 23rd, Governor DeWine stated nearly half of Ohio’s $900 million in Coronavirus Aid, Relief, and Economic Security (CARES) Act funding will be dispersed to […]

Simplified PPP Forgiveness Application for Loans of $50,000 or Less

By: Tony LaNasa

The Treasury and U.S. Small Business Administration (SBA) released a new, simplified application this week, for Paycheck Protection Program (PPP) borrowers who took loans of $50,000 or less. A new […]

PPP Loan Forgiveness Updates

By: Tony LaNasa

The U.S. Small Business Administration (SBA) and the US Treasury answered additional questions this week, related to forgiveness of Paycheck Protection Program (PPP) loans and Economic Injury Disaster Loans (EIDL). […]

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