Dec 23, 2020 | Closely Held Business, Coronavirus Updates, Coronavirus Updates, Employee Benefit Plans, Government Contracting, Hospitality, Medical Practices, Not-for-Profit, Private Equity-SBICs and Venture Capital, Real Estate, Tax News
The U.S. Senate and House of Representatives overwhelmingly passed the Consolidated Appropriations Act, 2021 a $900 billion COVID-19 relief bill last night that provides $600 stimulus payments to individuals, adds $300 to extended weekly unemployment benefits, and...
Dec 23, 2020 | Closely Held Business, Coronavirus Updates, Coronavirus Updates, Employee Benefit Plans, Government Contracting, Hospitality, Medical Practices, Not-for-Profit, Private Equity-SBICs and Venture Capital, Real Estate, Tax News
After months of negotiation and wrangling over additional coronavirus (COVID-19) pandemic relief legislation, House and Senate leaders struck a bipartisan funding deal over the weekend. Last night the U.S. House of Representatives and Senate overwhelmingly passed H.R....
Dec 21, 2020 | Business Planning, Closely Held Business, Coronavirus Updates, Coronavirus Updates, Employee Benefit Plans, Government Contracting, Hospitality, Medical Practices, Not-for-Profit, Private Equity-SBICs and Venture Capital, Real Estate, Tax News
Congress has been furiously debating the provisions of a relief package: what to provide, to whom and how much. Although the lawyers are still getting the details down on paper, the main provisions are clear. We’ll be revisiting this topic in the coming days as...
Oct 8, 2020 | Business Planning, Closely Held Business, Coronavirus Updates, Coronavirus Updates, Employee Benefit Plans, Government Contracting, Hospitality, Medical Practices, Not-for-Profit, Personal Financial Planning, Private Equity-SBICs and Venture Capital, Real Estate, Tax News
From a tax perspective, the distinction between hobbies and businesses is important because businesses can deduct losses, but hobbies cannot. The Tax Cuts and Jobs Act kept the itemized deductions for allocable mortgage interest and property taxes. However, by...
Sep 28, 2020 | Business Planning, Coronavirus Updates, Coronavirus Updates, Hospitality, Medical Practices
The technology for touchless payments (also called “tap” or “contactless”) has been around for a while, but customers continued to prefer the tactile experience of punching a PIN pad or signing with a pen. With touchless payments, customers...
Sep 21, 2020 | Business Planning, Closely Held Business, Coronavirus Updates, Coronavirus Updates, Employee Benefit Plans, Government Contracting, Hospitality, Medical Practices, Not-for-Profit, Private Equity-SBICs and Venture Capital, Real Estate, Tax News
The IRS has revised Form 941, Employer’s Quarterly Federal Tax Return, to accommodate COVID-19-related employment tax credits granted under the Families First Coronavirus Response Act and the Coronavirus Aid, Relief, and Economic Security Act. If you’re...
