WEBINAR: Updates on the Payroll Protection Program under Consolidated Appropriations Act 2021
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Date13 Jan 2021
Join us for a webinar focused on the changes to Payroll Protection Program. Be sure to register on Zoom to secure your spot!
Blog
The Consolidated Appropriations Act, 2021
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Date12 Jan 2021
On December 27, 2020, the President signed the Consolidated Appropriations Act, 2021 into law. In this video, we cover the major provisions of the $900 billion stimulus relief package that affect businesses and individuals.
Change in Business Meals Deductions
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Date07 Jan 2021
You may have heard that the recent stimulus legislation included a provision that removes the 50% limit on deducting business meals provided by restaurants in 2021 and 2022 and makes those meals fully deductible. Here are the details. In general, the ordinary and necessary food and beverage expenses of operating... Read More →
Prevent and detect insider cyberattacks
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Date04 Jan 2021
In one recent cybercrime scheme, a mortgage company employee accessed his employer’s records without authorization, then used stolen customer lists to start his own mortgage business. The perpetrator hacked the protected records by sending an email containing malware to a coworker. This particular dishonest worker was caught. But your company... Read More →
Cutoffs: What counts in 2020 vs. 2021
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Date28 Dec 2020
As year end approaches, it’s a good idea for calendar-year entities to review the guidelines for recognizing revenue and expenses. There are specific rules regarding accounting cutoffs under U.S. Generally Accepted Accounting Principles (GAAP). Strict observance of these rules is generally the safest game plan. The basics Companies that follow... Read More →
The next estimated tax deadline is January 15 if you have to make a payment
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Date22 Dec 2020
If you’re self-employed and don’t have withholding from paychecks, you probably have to make estimated tax payments. These payments must be sent to the IRS on a quarterly basis. The fourth 2020 estimated tax payment deadline for individuals is Friday, January 15, 2021. Even if you do have some withholding... Read More →