April 30, 2021
What could President Biden’s tax proposals mean for you? Here’s a brief rundown of the American Families Plan.
April 7, 2021
The value of an internal audit is different for everyone and can change based on circumstances, but a solid framework can provide the conditions necessary to deliver value to you.
March 31, 2021
Eligible businesses affected by the COVID-19 pandemic now have until May 31 to apply for a PPP loan. Here’s the latest updates on the popular loan program.
March 25, 2021
The best choice of entity can affect your business in several ways, including the amount of your tax bill. Although S corporations can provide substantial tax advantages over C corporations in some cases, there are potential tax problems to assess before deciding to convert from C to S status.
March 22, 2021
Is your business taking full advantage of the Employee Retention Credit? Discover how you could make the most of the year-old ERC.
March 18, 2021
Did you resolve to pay bills on time in 2021? QuickBooks offers tools to help you enter, pay, and track them, so you can avoid late payments. Here’s how.
March 17, 2021
Because the new American Rescue Plan Act is such an expansive piece of legislation, it’s likely that you, your family, or your business can benefit from it.
March 12, 2021
The Internal Revenue Service has provided guidance for employers claiming the employee retention credit for 2020 and how it relates to eligibility for the Paycheck Protection Program.
March 11, 2021
The latest COVID-19-related stimulus bill, the American Rescue Plan Act, has passed and awaits signing by President Biden. What does this legislation mean for you individually or as an employer?
February 13, 2021
Tennessee business leaders say their outlook for 2021 has dropped significantly from 2020, according to the latest Tennessee Business Barometer. Although outlook had surged higher in October prior to the election, optimism for a brighter future has now faded.
September 2, 2020
The Internal Revenue Service has issued guidance to help businesses implement the Presidential Memorandum issued August 8. The order allows employers to defer withholding and payment of the employee’s portion of the Social Security tax if the employee’s wages are below a certain amount, but it left questions and concerns when it was announced.
August 7, 2020
A meticulous approach to keeping business records can protect your tax deductions and help make an audit much less painful.
July 1, 2020
Business owners will receive notification starting this week regarding eligibility for financial relief as part of the Tennessee Business Relief Program.
May 14, 2020
The Small Business Administration has taken another step to allow employers more flexibility in repaying their loans under the Paycheck Protection Program.
May 13, 2020
The Small Business Administration’s newest announcement offers relief for some employers whose Paycheck Protection Program loans amounted to less than $2 million.
April 24, 2020
The just-passed $484 billion Interim Stimulus Plan, among other things, replenishes Paycheck Protection Program funds.
April 20, 2020
Congress provided $349 billion for PPP funds, but that money ran out late last week amid high levels of demand as the coronavirus has forced businesses to scale back or close altogether.
April 8, 2020
Loans are now available for eligible small businesses through the Small Business Administration’s Paycheck Protection Program. Here are the details about the loan qualifications and terms.
February 1, 2019
Final IRS regulations on the qualified business income deduction are out. How will they affect your 2018 taxes?
January 14, 2019
Owners of manufacturing and distribution companies are often so focused on the here-and-now that planning for future catastrophes may fall through the cracks. But operating without a valid buy-sell agreement can cause financial distress and even tear a company apart if tragedy strikes.
December 11, 2018
U.S. companies should pay close attention to a narrow section of the Tax Cuts and Jobs Act that requires businesses to recognize revenue for tax purposes no later than when it’s recognized for financial reporting purposes.
December 10, 2018
Recently proposed IRS regulations on business interest expense deductions help provide clarity after TCJA changes.
August 23, 2018
Small business owners will see changes as a result of the U.S. Supreme Court’s ruling on online sales taxes. And despite some uncertainties, now is the time to prepare.
August 20, 2018
The IRS has shared its new highly anticipated and complex regulations for the new deduction of up to 20 percent of qualified business income from pass-through entities. Here’s an overview of the biggest issues and changes.
July 3, 2018
The U.S. Supreme Court’s decision in South Dakota vs. Wayfair Inc. has cleared the way for states such as Tennessee to collect sales tax on out-of-state online sales. State and local governments have joined brick-and-mortar retailers in welcoming the change.