March 30

Employee Retention Credit Availability Extended by ARPA

Reading Time: 2 minutes   With the first quarter of 2020 coming to a close, businesses should consider the Employee Retention Credit (ERC) as they begin to prepare their quarterly payroll tax filing (Form 941). As a reminder, the ERC is a refundable payroll tax credit and is now available even if the business took a Paycheck Protection Program.

March 30

Business Tax Provisions of ARPA (The American Rescue Plan Act of 2021)

Reading Time: 5 minutes   The American Rescue Plan Act of 2021 (ARPA), signed by President Biden on March 11, 2021, is the latest major legislation that provides economic relief and stimulus, both tax and non-tax, during the Covid-19 pandemic. Below are brief summaries of the key aspects of the business tax provisions in ARPA. Payroll tax credits The.

March 25

Leaders: Ask Yourself These Questions to Assess Your Cybersecurity Risk

Reading Time: 3 minutes   Another day, another data breach. We saw several major data breaches during the first month of 2021 alone. For example, a database maintained by an online photo editing app containing 1.9 million user records was hacked on January 20, while order information for 7 million customers of a men’s clothing retailer was hacked on.

March 25

How to Foster Company Culture in “the New Normal” We Live in Now

Reading Time: 3 minutes   Over the past year, the COVID-19 pandemic has redefined “normal” in almost every aspect of our lives, including our work lives.   Many employees have been forced out of the traditional office environment they’ve worked in their entire lives and had to adapt to a new work-from-home model. This brings new challenges in terms.

March 10

Succession Planning Strategies: 5 Questions to Ask Before Selling Your Business

Reading Time: 3 minutes   Succession planning probably isn’t high on the priority list of many business owners. After all, owners have lots of things to think about other than the day when somebody else will be running their company. But this doesn’t make succession planning any less important.   It’s critical to think about the long-term future of.

January 11

New and Updated PPP Loan Applications

Reading Time: 3 minutes   The Department of Treasury and the Small Business Administration have released new updated applications for the Paycheck Protection Program (“First Draw”) loan as well as for the new (“Second Draw”) loan. The new applications reflect the changes from the recently enacted Consolidated Appropriations Act, 2021. The SBA has announced that they will begin accepting.

December 23

Congress Passed New Stimulus Package, $900B of COVID-19 Relief Provisions

Reading Time: 4 minutes     On Monday, December 21st, Congress passed a stimulus package providing $900B of COVID-19 relief provisions. While the massive bill includes a host of provisions and tax extenders, below is a summary of some of the more relevant provisions to closely-held businesses including long awaited clarification on the deductibility of Paycheck Protection Program (PPP).

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