by C7DTeam | Dec 1, 2020 | Business, COVID-19, Firm Updates
01/08/2021 Update: The new Federal COVID-19 bill passed and signed into law in late December overrules the IRS Notice that disallowed deductions used by a forgiven PPP loan. The new law specifically says that forgiven PPP loans will not be income and will not reduce...
by C7DTeam | Nov 22, 2020 | Taxes
A popular question people search for on Google is if you can file taxes late. With almost 93 million searches, this topic of late tax filing clearly affects many individuals for a variety of reasons. For one, people are concerned about potential penalties associated...
by C7DTeam | Nov 10, 2020 | Business
Small business owners, if you’re one of the many that applied for the Paycheck Protection Program, you might be wondering what you should do now that your loan has run out — are there any reasons why small businesses should wait to apply for forgiveness? Before we...
by C7DTeam | Aug 20, 2020 | COVID-19, Payroll, Tax Tips
The relationship between COVID-19 and employment taxes is an everchanging one marked with uncertainty and, as a result, stress for many — employers and employees alike. If you are an employer or employee, gaining some insight on some acts passed regarding the...
by C7DTeam | Jun 18, 2020 | COVID-19, Payroll
We’re sure everybody is wondering about their stimulus checks (or Economic Impact Payment) and many have begun to entertain their money-spending activities as they consider ways to spend their stimulus checks. With talk about money filling the air, people are excited...
