by Michael Bryant | Mar 30, 2021 | Blog
On, Tuesday, March 30, President Biden signed into law a two-month extension of the Paycheck Protection Program one day before the program was set to expire. The extension gives small businesses and nonprofits until May 31, 2021 to apply for a forgivable loan. We...
by Michael Bryant | Mar 26, 2021 | Blog
On March, 25, 2021, the U. S. Senate passed a bill to extend the Paycheck Protection Program (PPP) application deadline from March 31 to May 31. The 60 day extension will help small businesses and nonprofits complete the application process or file new applications....
by Shiloh Kauk | Mar 23, 2021 | Blog
On March 17th, we received the news that the IRS has pushed back the tax filing and payment deadline for Individuals to May 17th. While we welcome the additional time during this challenging tax season, this change comes with some important caveats. We currently know...
by Michael Chase | Mar 23, 2021 | Blog
In general, income from renting a vacation home for 15 days or longer must be reported on your tax return on Schedule E, Supplemental Income and Loss. You should also keep in mind that the definition of a “vacation home” is not limited to a house....
by Michael Chase | Mar 23, 2021 | Blog
Just 0.45 percent of taxpayers were audited in fiscal year 2019. Still, with taxes becoming more complicated every year, there is an even greater possibility of confusion turning into a tax mistake and an IRS audit. Avoiding “red flags” like the ones...
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