PPP Loan Program Extended

PPP Loan Program Extended

Reading Time: 2 minutes On Saturday, July 4th, as Americans celebrated Independence Day, President Trump signed a five-week extension of the Paycheck Protection Program into law. The extension was approved by the Senate Tuesday evening, just hours after the deadline...
Texas Comptroller Extends Franchise Tax Deadline

Texas Comptroller Extends Franchise Tax Deadline

Reading Time: 3 minutes COVID-19 Tax Update The Texas Comptroller announced April 2, 2020, that his agency is automatically extending the due dates for all 2020 Texas franchise tax reports to July 15 so it is consistent with the Internal Revenue Services (IRS).  Since...
Proposed Regulations on Pass-through Businesses Issued

Proposed Regulations on Pass-through Businesses Issued

Reading Time: 2 minutes The Tax Cuts and Jobs Act of 2017 contained a new provision allowing many owners of sole proprietorships, partnerships, trusts, and S-corporations to deduct 20% of their qualified business income. On Wednesday, August 8, 2018, the IRS announced...