The tax community has been expecting additional Interim Final Rules (IFR’s) for the Paycheck Protection Program (PPP) loans for a long time now. The speed at which these IFRs have been released has slowed down considerably, but, lo and behold, the Small Business Administration has released a NEW IFR today, August 24, 2020. The title […]
New SBA IFR on PPP Loans Released Today – 8/24/2020 Read More »
UPDATE 8/2/2022 – I’ve created an updated post for the Second Franchise Tax Extensions due on August 15, 2022 for the 2021 report year. You can find it here: Do You Need A 2nd Texas Franchise Tax Extension? UPDATE: The Texas Comptroller has added time to file extended Texas Franchise Tax Reports. If you extended
What you need to know about the Second Texas Franchise Tax Extension Read More »
The way taxes are calculated on the sale of a personal residence hasn’t changed in decades. The ability to exclude capital gains of up to $250,000 for singles and $500,000 for married couples is so established that many tax professionals don’t even know it was ever taxed a different way. Maybe it’s time to revisit
Is it time to revisit how we tax home sales? Read More »
If you have a small business, or are an accountant working for a small business, chances are you use a tax professional to prepare your tax returns. Now that we’re in the heart of “Busy Season”, I thought I’d take a moment to talk about the information you send to us and what you can
What tax pros want from their small business clients Read More »