Deduct 100% of Your Employee Recreation and Parties
You take Bill, your best customer, to the local country club and treat him to 18 holes of golf. The golf produces a zero deduction. However, if you take your employees and their spouses and children to the local…
Did You Report Your Foreign Bank Accounts?
If you own or have an interest in any foreign bank account or other types of financial accounts (see below for examples of the other types) that are based outside of the United States, you may have to fill out…
Updated PPP Rules
The new Paycheck Protection Program (PPP) law enacted with the stimulus package adds dollars to your pockets if you have or had PPP money. Before we go further, please note the PPP money comes to you in what appears…
Did You Miss Out On The Previous PPP Opportunities?
Did you miss out on the first two opportunities to receive your tax-free Paycheck Protection Program (PPP) cash? Many did miss out. Why? One reason: the word “loan.” Who wants a loan? No one. Well, almost no…
The IRS Strikes Back!
On November 18, 2020, the IRS released Rev. Rul. 2020-27 and Rev. Proc. 2020-51 providing desperately needed guidance on the timing issues related to Paycheck Protection Program (PPP) loan forgiveness and the deductibility of the related PPP expenses. Since May…
Tax Related Posts
Deduct 100% of Your Employee Recreation and Parties
You take Bill, your best customer, to the local country club and treat him…
ByPedro Gonzalez, CPAMay 26, 2021Did You Report Your Foreign Bank Accounts?
If you own or have an interest in any foreign bank account or other types…
ByPedro Gonzalez, CPAJanuary 11, 2021The IRS Strikes Back!
On November 18, 2020, the IRS released Rev. Rul. 2020-27 and Rev. Proc. 2020-51 providing…
ByPedro Gonzalez, CPANovember 19, 2020How Many Whole or Partial Rooms Can You Use For Your Home Office?
With the COVID-19 pandemic still going on, you may be spending more time working from…
ByPedro Gonzalez, CPANovember 11, 2020Don’t Overlook at This Deductions if You Are Working From Home
Whether you claim a business office in the home or are simply working at home,…
ByPedro Gonzalez, CPAAugust 7, 2020
Why Businesses Get Into Trouble With Payroll Taxes?
Payroll taxes troubles is the largest portion of the tax resolution cases we handle in…
ByPedro Gonzalez, CPAJune 4, 2020
Business
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Updated PPP Rules
The new Paycheck Protection Program (PPP) law enacted with the stimulus package adds dollars to…
ByPedro Gonzalez, CPAJanuary 8, 2021Did You Miss Out On The Previous PPP Opportunities?
Did you miss out on the first two opportunities to receive your tax-free Paycheck Protection…
ByPedro Gonzalez, CPAJanuary 4, 2021The IRS Strikes Back!
On November 18, 2020, the IRS released Rev. Rul. 2020-27 and Rev. Proc. 2020-51 providing…
ByPedro Gonzalez, CPANovember 19, 2020What is Financial Forecasting? And Why Should You Care?
Financial forecasting is the process of predicting the future outcome of economic, marketing, and financial…
ByPedro Gonzalez, CPANovember 17, 2020
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