by Pedro Gonzalez, CPA | Mar 5, 2021 | Business Planning, Tax Strategies
Disasters are always bad news. Fires, floods, freezes, and other disasters can damage or destroy the personal or real property you use to keep your business up and running. However, you may be able to deduct your losses. And you are not subject to many of the...
by Pedro Gonzalez, CPA | Nov 17, 2020 | Business Consulting, Business Planning, Cash Flow
Financial forecasting is the process of predicting the future outcome of economic, marketing, and financial trends. It is the process of estimating or predicting a business’s future performance. The financial prognosis obtained through the financial forecasting...
by Pedro Gonzalez, CPA | Apr 1, 2020 | Business Planning
On March 27, 2020, President Trump signed the #Coronavirus Aid, Relief, and Economic Security Act (#CARESAct) into law. As described in our previous posts and client alerts, the law provides more than US$2 trillion in emergency economic relief to individuals and...
by Pedro Gonzalez, CPA | Mar 24, 2020 | Business Planning, Cash Flow
These are unprecedented times in our economy. We continue to track the evolving landscape of financial programs offered to small businesses disrupted by the coronavirus (COVID-19). The U.S. Small Business Administration (“SBA”) is offering loans through additional...
by Pedro Gonzalez, CPA | Mar 20, 2020 | Business Planning, Cash Flow
An economic downturn is a phase of the business cycle in which the economy is in decline. This phase basically marks the end of the period of growth in the business cycle. Economic downturns are characterized by decreased levels of consumer purchases (especially of...
by Pedro Gonzalez, CPA | Apr 12, 2018 | Business Planning, Tax Advantages, Tax Planning & Preparation
Last week, someone approached me with this situation, “I closed my S corporation with the state in 2017. However, during 2018 I’ve had unexpected expenses from the defunct S corporation. I paid those expenses from personal funds. Where can I deduct those...
