Q2: How Do I Pay the Pass Through Entity (PTE) Tax?
Great. One more tax to pay. But this one can save you money. Let us help make it easy… complete with pictures.
Cape Cod CPA Tax News
Employee Retention Tax Credit “Part Deux”
The Employee Retention Tax Credit (ERTC for short, ERC for even shorter) is coming around for its sequel.
Money Can’t Buy Happiness But It Could Buy Me A Boat
The IRS has released its statistics from 2019 filed tax returns… great, maybe now they can start answering the phone.
This is interesting data and will be utilized for all kinds of important matters, such as: census data, political wrangling, arguments for/ against income inequality, arguments for/ against “paying their fair share”, informing tax policy and enforcement matters, and measuring contests… to name just a few.
What’s the breakdown? Keep going and find out!
The Tax Provisions in Joe’s (negotiated) Build Back Better Plan
A pragmatic person may ask “How is this going to get paid for?”… drumroll please… TAXES!
Help Balance the Massachusetts Budget with this SALT Workaround
SALT Workaround? Strategies to unfold as to where and how revenue is recognized, to entity selection, to ownership considerations, to the type and timing of revenue recognition. Lets Go!
Deadlines, PPP and EIDL – Oh My!
This is not a drill! We cover all the recent updates and new information regarding tax deadline shifts – what is included and what is not, the second draw opportunity for the Paycheck Protection Program and the targeted EIDL advance application.
Manic Monday – The American Rescue Plan
So, what was in the bill? It was a quick 600+ pages of dolling out dollars!
Revenue is Vanity, Profit is Sanity and Cash is King
Beyond having a great idea, product, or service; beyond being able to lead a team; beyond being able to get your message out and generate attention; beyond doing the work… your business needs cash!
PPP Second Draw Update
The SBA pushed out guidance on the new “PPP Second Draw Loans” yesterday. While we still don’t have sight of the application and the “portal” isn’t open for banks to submit loan packages we do have more answers – not all, but more.