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...
Paycheck Protection Program: What you need to know

Paycheck Protection Program: What you need to know

The Paycheck Protection Program is specifically designed to help small businesses keep their workforce employed. UPDATES: Additional updates and provisions were released earlier today 4/3 regarding the Payroll Protection Program, including a finalized application and...
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...