Insights

Frequently Asked Questions on PPP Loan Forgiveness

Frequently Asked Questions on PPP Loan Forgiveness

Small Business Administration released guidance to address borrower and lender questions ...
The tax implications of employer-provided life insurance

The tax implications of employer-provided life insurance

Does your employer provide you with group term life insurance? If so, and if the coverage is higher than ...
Does your business receive large amounts of cash or cash equivalents?

Does your business receive large amounts of cash or cash equivalents?

Does your business receive large amounts of cash or cash equivalents? You may be required to submit ...
Avoid “bad blood” among family members: Protect your will from legal challenges

Avoid “bad blood” among family members: Protect your will from legal challenges

You've probably seen it in the movies or on TV: A close-knit family gathers to find out what's contained ...
Are scholarships tax-free or taxable?

Are scholarships tax-free or taxable?

COVID-19 is changing the landscape for many schools this fall. But many children and young adults are ...
Why do partners sometimes report more income on tax returns than they receive in cash?

Why do partners sometimes report more income on tax returns than they receive in cash?

If you're a partner in a business, you may have come across a situation that gave you pause. In a given ...
Fortify your assets against creditors with a trust

Fortify your assets against creditors with a trust

You may think of trusts as estate planning tools - vehicles for reducing taxes after your death. While ...
Real Estate Tax Tips Podcast

Real Estate Tax Tips Podcast

EP #21: Real Estate Tax Tips with Joel Dauve - How to Get a Check Back from the IRS | Millhouse & ...
Senate passes changes to PPP Loan

Senate passes changes to PPP Loan

On Wednesday, June 3, the U.S. Senate passed the Paycheck Protection Flexibility Act and ...
Additional PPP Guidance Released May 22, 2020

Additional PPP Guidance Released May 22, 2020

SBA released new Paycheck Protection Program (PPP) guidance on Friday, May 22nd. The new interim final ...
Record Keeping for PPP Loan

Record Keeping for PPP Loan

(This information is from the Forgiveness Application that was released on May 15, 2020) Documents ...
Fortunate enough to get a PPP loan? Forgiven expenses aren’t deductible

Fortunate enough to get a PPP loan? Forgiven expenses aren’t deductible

The IRS has issued guidance clarifying that certain deductions aren't allowed if a business has received ...
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