Business owners & Net Operating Losses (NOL’s)

Business owners & Net Operating Losses (NOL’s)

For business owners, the timeline of when taxes are due, your busy season, and the end of the calendar year are at constant odds. To some degree, the IRS recognizes that. In order to tax businesses based on income and not account entries, the IRS allows Net Operating...
$0-$310 BILLION for the PPP. Are you prepared?

$0-$310 BILLION for the PPP. Are you prepared?

Loan funds from the Paycheck Protection Program are expected to ramp back up with an additional $310 billion to be approved by the House within the next few days. Business owners who’ve missed the first round of funding, here’s what to do next: Have your...
Updated IRS tax guidelines business owners need to know

Updated IRS tax guidelines business owners need to know

We communicated earlier this week initial updated tax guidelines from the IRS regarding emergency relief for individuals and small business owners. Well, the IRS has released updated guidance on tax deadlines which supersedes previous guidance: The deadline for making...