by Dawn Anderson | Published On Jun 29, 2021 | Blog, Tax
The Internal Revenue Service (IRS) and U.S. Department of Treasury (Treasury) have developed several online tools and resources designed to assist families with the enhanced Child Tax Credit for the 2021 tax year. The credit is part of the American Rescue Plan Act of...
by PKCPA | Published On Apr 2, 2021 | Blog, Cares Act, CCOVID-19
The Employee Retention Credit, a payroll tax credit intended to incentivize the retention of employees by businesses hardest hit by the pandemic, is a provision in the CARES Act passed by Congress shortly after the onset of the COVID-19 pandemic in the United States....
by Gary Ross Dietrich, CPA, CIT, CCIFP | Published On Feb 26, 2021 | Blog, Business Operations
All the clichés and puns about 2020 aside, it is time to focus on what you can control – the direction of your business. Predictions are that social distancing and remote working will continue through the first half of the year, maybe longer. You kept your...
by Troy Griffith, CPA | Published On Feb 15, 2021 | Blog, Cannabis
A company’s biological assets are those that are living, such as livestock, crops, and plants. They are critically important to a cannabis business because the plants are the main source of all revenues and profits. As the cannabis industry continues to grow, the...
by Gary Ross Dietrich, CPA, CIT, CCIFP | Published On Dec 31, 2020 | Attest, Blog
As this unprecedented year nears its end, many business owners are wondering what may be in store for the New Year. If 2020 has taught us anything, it’s that we need to expect the unexpected. Some of those “unexpecteds” are beyond our control, but avoiding the “F”...
by Dawn Anderson | Published On Dec 4, 2020 | Blog, Tax
In May of this year, the Internal Revenue Service (IRS), in coordination with the U.S. Department of the Treasury, issued Notice 2020-32, which provides that otherwise deductible business expenses are not deductible if the taxpayer is the recipient of a Paycheck...
