Insights
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
The IRS has issued guidance clarifying that certain deductions aren't allowed if a business has received ...
SBA released PPP loan forgiveness application
On Friday, May 15th, SBA released the Paycheck Protection Program (PPP) Loan Forgiveness Application and ...
Hardship certification for PPP loans under $2,000,000
The PPP loan application requires all applicants to make a hardship certification. The wording of the ...
Grants and loans available to St. Louis area small businesses
Additional financial relief opportunities for St. Louis area small businesses:
SMALL BUSINESS RELIEF ...
SBA allows for an increase to existing PPP loans to partnerships
On May 13th, the SBA issued a new interim final rule allowing partnerships to increase ...
Frequently asked tax questions related to COVID-19
The coronavirus (COVID-19) pandemic has affected many Americans' finances. Here are some answers to ...
The CARES Act liberalizes net operating losses
The Coronavirus Aid, Relief, and Economic Security (CARES) Act eliminates some of the ...
Now may be the time to forgive intrafamily loans
If you have outstanding loans to your children, grandchildren or other family members, consider ...
IRA account value down? It might be a good time for a Roth conversion
The coronavirus (COVID-19) pandemic has caused the value of some retirement accounts to decrease because ...
Hiring independent contractors? Make sure they’re properly classified
As a result of the coronavirus (COVID-19) crisis, your business may be using independent contractors to ...
The rules have changed regarding your IRAs, RMDs and estate-plan
Many people's estates typically include IRAs. Be aware that two major laws passed into law recently, the Setting ...
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