Employee Retention Credits or PPP Loan?

Employee Retention Credits or PPP Loan?

Reading Time: 3 minutes The Consolidated Appropriations Act has major initiatives in it that affect small businesses all over the country. The act created another Paycheck Protection Program for small business interruption loans, and it contained legislation that made...
Updates to the Employee Retention Credit

Updates to the Employee Retention Credit

Reading Time: 3 minutes Employee Retention Credit The CARES Act created two mutually exclusive benefits to employers, the PPP loan and the Employee Retention Credit (ERC). Prior to the Consolidated Appropriations Act, if your business received a PPP Loan, then it...
CARES Act Tax Planning Opportunities Summary

CARES Act Tax Planning Opportunities Summary

Reading Time: 2 minutes As of March 27, 2020, the Coronavirus, Aid, Relief and Economic Security Act (CARES Act) was passed due to the needs caused by the global COVID-19 pandemic. The act includes several tax provisions to provide relief and cash flow to businesses...
Construction Accounting Methods

Construction Accounting Methods

Reading Time: 4 minutes One of the most comprehensive changes included in the TCJA is the changes in tax accounting methods available for contractors. Methods previously only available to smaller contractors are now available for contractors with average annual gross...