September 2020

What is the unpardonable sin in an IRS audit?   Suppose you just received that lovely letter from the IRS telling you that you are the subject of an IRS audit.   What one record receives special attention? What one record can create a nightmare for you? What one...

The Payroll Protection Program (PPP) rules—they keep a-changin’.   During the past month, the Small Business Administration (SBA) issued a new set of frequently asked questions (FAQs) and a new interim final rule, which in combination create the following good news for the Payroll Protection Program (PPP):   ...

If you’re considering moving to a different state, taxes in the new state may be the deciding factor—especially if you expect them to be lower.   Consider All Applicable State and Local Taxes   If your objective is to move to a lower-tax state, it may seem like a...

Small Business Administration (SBA) Economic Injury Disaster Loans (EIDLs) can be a great source of low-interest funding for businesses struggling with the economic impact of the COVID-19 pandemic.   Unlike Payroll Protection Program (PPP) loans, EIDLs are not forgivable—borrowers have to pay them back. But they have...