by Bryan Valencia | Oct 6, 2021
Reading Time: 3 minutes The COVID-19 pandemic created significant financial and operational challenges for businesses. In fact, at the height of the pandemic, the state’s unemployment rate reached a record 12.9%. While every business was impacted differently, certain...
by Jordan Bumstead | Aug 16, 2021
Reading Time: 2 minutes As a proud sponsor of the San Antonio Hispanic Chamber of Commerce (SAHCC), Calvetti Ferguson hosted a lunch and learn event on August 3, 2021, where Yessica Perez, Tax Partner, and Sandy Guevara, Tax Manager, presented on the topic...
by Michael Arnell, CPA | May 17, 2021
Reading Time: 4 minutes On May 3, 2021, the Small Business Administration (SBA) announced applications for priority businesses would start being accepted. In just two days, the Restaurant Revitalization Fund (RRF) received over 186,000 applications for the program....
by Kyle Kmiec, CPA | Jan 12, 2021
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...
by Kyle Kmiec, CPA | Jan 12, 2021
Reading Time: 2 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...
by Emily Martin | Jan 11, 2021
Employee Retention Tax Credit Consulting What is the employee retention tax credit? The ERC is a refundable payroll tax credit for wages paid and health plan expenses, and it is available to employers who meet one of the following three criteria: Operations were...
by Michael Arnell, CPA | Dec 28, 2020
Reading Time: 3 minutes On December 21, 2020, the U.S. Congress passed the next round of COVID-19 stimulus. The final legislation is known as the Consolidated Appropriations Act (“the Act”). This legislation included multiple new provisions and addressed provisions...
by Scott Contreras | Dec 16, 2020
Reading Time: 2 minutes The Tax Cut and Jobs Act (TCJA) that was signed in late 2017 made some of the most impactful tax regulation changes and established many new planning opportunities for contractors. For instance, some of these provisions included: changing...
by Yessica Perez, CPA | Jul 13, 2020
Reading Time: 3 minutes All industries have been forced to face the health and economic challenges from the global pandemic but the O&G industry is also facing lower demand and weak commodity prices while needing to increase revenue to survive. Plunging oil prices...
by Lori Lato, CPA | Jul 7, 2020
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...
by Erick Wegmann | Jun 24, 2020
Reading Time: 3 minutes Are you a private company and have not issued your 2019 audited financial statements yet? Maybe the business interruption of the COVID-19 pandemic put your resources elsewhere or maybe the decrease in commodity prices had you putting off your...
by Brad Cummings | Jun 5, 2020
Reading Time: 3 minutes On June 5, 2020, the Paycheck Protection Program Flexibility Act (PPPFA) was signed into law, which is a bipartisan effort to address the many concerns expressed by small business owners around the Paycheck Protection Program (PPP). Key changes...
