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2020 Year-End Tax Planning for Businesses

2020 Year-End Tax Planning for Businesses

As the end of the year approaches, it is important to consider strategies to lower your tax liabilities for 2020. In this video, we'll cover strategies that may help you reduce taxes on business income.
SBA publishes loan necessity questionnaire for PPP borrowers

SBA publishes loan necessity questionnaire for PPP borrowers

Borrowers (and affiliates) that have PPP Loans of $2 million or greater should be prepared to provide additional information to SBA.
IRS releases 2021 retirement plan limitations

IRS releases 2021 retirement plan limitations

Many limitations, including the 401(k) elective deferral limit for employee contributions, remain unchanged from 2020 levels.
IRS simplifies partnership tax capital reporting rules

IRS simplifies partnership tax capital reporting rules

In lieu of an in depth analysis, partnerships may utilize one of three ‘snapshot’ methods to comply with tax capital reporting requirements.
2020 year end tax considerations for businesses

2020 year end tax considerations for businesses

Tax planning opportunities for consideration in light of COVID-19, the resulting economic crisis, and evolving tax laws and regulations.
Guidance on PPP Loans of $50,000 or Less

Guidance on PPP Loans of $50,000 or Less

In October of 2020, the SBA and Treasury released an Interim Final Rule that makes it significantly easier for businesses with Paycheck Protection Program loans of $50,000 or less to receive forgiveness. Watch now to learn the details.
SBA releases procedural guidance for PPP loans in M&A transactions

SBA releases procedural guidance for PPP loans in M&A transactions

SBA procedural guidance provides answers on how to navigate PPP loan changes in ownership; deals can now move forward with certainty.
IRS issues final regulations on meals and entertainment deductions

IRS issues final regulations on meals and entertainment deductions

The final regulations issued by the IRS provide guidance for meal and entertainment deductions under section 274.
8/8/20 Executive Order: Payroll Tax Deferral

8/8/20 Executive Order: Payroll Tax Deferral

On August 8, 2020, President Trump signed an executive order directing the Secretary of the Treasury to permit employers to defer certain payroll tax obligations. Watch now to learn about the Order and the payroll tax deferrals.
IRS extends time to make 163(j) real property business elections

IRS extends time to make 163(j) real property business elections

Provides more time to elect out of 163(j) interest deduction limitation for taxpayers with certain real property or farming businesses.
5 features of tax deductions for energy efficiency

5 features of tax deductions for energy efficiency

If your company owns or leases energy-efficient commercial buildings, you may be eligible for a deduction for associated property costs.