News

Seven human resource tips for businesses in a pandemic

Source: hometownfocus.us - Feb 5, 2021

Human resources, or HR, is often not the most glamorous part of running a business. However, few topics are as critical for protecting you and your business. Do you want to learn the latest on the... Read more >

Category: General Business

Senate Backs Biden’s Stimulus, But Rejects Quick Minimum Wage Hike

Source: nytimes.com - Feb 5, 2021

WASHINGTON — The Senate endorsed President Biden’s $1.9 trillion stimulus package just before sunrise on Friday, voting along party lines over unified Republican opposition to approve a budget... Read more >

Category: General Business

Congress Makes Business Meals Temporarily 100% Deductible

Source: aprio.com - Feb 4, 2021

When Congress passed the Tax Cuts and Jobs Act (TCJA) in 2017, it significantly limited the tax benefits available to companies by eliminating the deduction for entertainment expenses and reducing... Read more >

Category: General Business

Stimulus check qualifications: What they are now and how they could change

Source: cnet.com - Feb 4, 2021

With the $600 billion stimulus counterproposal presumably a flash in the pan, President Joe Biden and Democratic lawmakers are moving forward to turn Biden's $1.9 trillion COVID-19 package proposal... Read more >

Category: General Business

Filing taxes as a business owner is time-consuming, but that's not the only reason I pay a pro $350 to do it for me

Source: businessinsider.com - Feb 4, 2021

Over the decades that I have paid income taxes, I have filed in multiple ways: filling out tax returns by hand, using tax preparers, and using tax prep software. I have a business, so I need to... Read more >

Category: General Business

Getting a Jump Start on Your Taxes Could Impact Your Stimulus Check

Source: newsweek.com - Feb 2, 2021

Tax season is upon us and while it's smart to prepare tax filings well ahead of the April 15 deadline, it may be beneficial to wait to actually file the documents until President Joe Biden signs a... Read more >

Category: General Business

Will College Students Get a Second Stimulus Check? (Hint: It Depends!)

Source: kiplinger.com - Feb 2, 2021

A lot of college students (and their parents) were mad as hell back in March when they found out they weren't getting a $1,200 stimulus check. But now there's a second stimulus check of up to $600... Read more >

Category: General Business

What the federal student loan payment freeze means for your taxes this year

Source: cnbc.com - Feb 2, 2021

Forty-two million student loan borrowers have had a break from making their monthly student loan payments (plus interest) amid the pandemic since the CARES Act passed in March 2020. And with... Read more >

Category: General Business

Louisiana small business grant program cuts $262 million in checks

Source: theadvocate.com - Jan 30, 2021

The Main Street Recovery Grant Program cut more than 20,700 checks to small businesses across Louisiana totaling $262 million. Inside that figure, $162 million was awarded to minority, women or... Read more >

Category: General Business

How to make a budget for 2021 — essential tips for saving money

Source: tomsguide.com - Jan 30, 2021

The new year marks an ideal time to build and review your budget — a record of how much money you bring in and where you spend it. Most people have a firm sense of how much money they earn, based... Read more >

Category: General Business

Second Draw PPP Loans

Source: sba.gov - Jan 30, 2021

Notice: Paycheck Protection Program resumed January 11, 2021 at 9am ET SBA, in consultation with the U.S. Treasury Department, reopened the Paycheck Protection Program (PPP) for First Draw PPP... Read more >

Category: General Business

IRS Should Deliver Full Stimulus Payments To Those Who Owe Back Taxes, Urges Taxpayer Advocate

Source: forbes.com - Jan 30, 2021

Still waiting for your stimulus check (a.k.a. economic impact payment(s))? Owe taxes? You might not see a dime. What? Wasn’t the money supposed to come through when you filed your 2020 tax return... Read more >

Category: General Business

New Stimulus Expands the Employee Retention Tax Credit

Source: natlawreview.com - Jan 29, 2021

On December 27, 2020, President Trump signed the Consolidated Appropriations Act into law, which includes various forms of COVID-19 relief (the “New Stimulus Act”). Specifically, the New... Read more >

Category: General Business

Get ready for tax season: How your stimulus check will be categorized with the IRS

Source: cnbc.com - Jan 29, 2021

It’s already shaping up to be a confusing tax season, as millions of Americans are still waiting on their first and second stimulus checks from 2020, and the Senate pushes back on President Joe... Read more >

Category: General Business

Consolidated Appropriations Act deep dive: The Paycheck Protection Program and Employee Retention Tax Credit

Source: benefitspro.com - Jan 28, 2021

When the Consolidated Appropriations Act of 2021 (CAA) became law on December 27, 2020, it gave new life to two programs that have provided economic relief to American businesses from the early... Read more >

Category: General Business