Reading Time: 2 minutes This year will be the third time that taxpayers are filing their taxes during the pandemic. In the past, we’ve seen the Treasury Department and IRS push back the traditional tax deadlines to July 15th in 2020 and to May 17th in 2021. In a...
Reading Time: 3 minutes Since the beginning of the pandemic, Texas businesses and businesses across the United States have relied on various federal COVID-19 relief programs to help alleviate financial and working capital challenges. The impact of the pandemic was...
Reading Time: 3 minutes Since the start of the new term, the Biden Administration has been focused on passing comprehensive legislation to overcome the pandemic while driving economic recovery. Initial legislation included the American Rescue Plan Act, which focused...
Reading Time: 2 minutes In a rare business-taxpayer-friendly move, California is going to allow a tax deduction that is beneficial to taxpayers. Wow! In a very interesting bill (AB 80) introduced in the California House, the state is going to allow the expenses that...
Reading Time: 3 minutes The IRS announced that Texans who were affected by the winter storms will have until June 15, 2021, to file various individual and business tax returns and to make tax payments. Since the Federal Emergency Management Agency (FEMA) issued a...
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...
Reading Time: 3 minutes The global pandemic known as COVID-19 will undoubtedly continue to reverberate throughout the world economy. As businesses struggle to regain some modicum of normality, questions about business planning will naturally make themselves obvious. ...
Reading Time: 2 minutes COVID-19 Funding Update Last night, the SBA issued a new interim final rule which allows lenders to increase existing PPP loans to partnerships and seasonal employers. In separate guidance, the SBA extended the safe harbor for returning PPP...
Reading Time: 3 minutes COVID-19 Funding Update In a dramatic turn of events the Small Business Administration (SBA) released Paycheck Protection Program (PPP) Loans FAQ #46 today regarding how the organization will review borrowers’ required good-faith certification...
Reading Time: 3 minutes Texas franchise tax report deadline extended to July 15, 2020 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...
Reading Time: 3 minutes COVID-19 Funding Opportunities The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of...
Reading Time: 7 minutes COVID-19 Funding Opportunity In order to severely limit the COVID-19 health risks on the more than 330 million Americans, the United States Government requested millions of Americans to fight this virus by staying home because the existing...
