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Recent Tax Services Articles

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Stay on Top of Potential PPP Tax Concerns & Solutions

By Daniel R. Steinmeyer, MBA, CPA December 7, 2020

This year’s Paycheck Protection Program (PPP) was a life preserver for many companies and for-profit organizations, as well as their employees, as the COVID-19 pandemic ramped up and businesses were forced to close. But there are some potential tax considerations for business owners and pass-through entities regarding the loan program…

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Learn if You Qualify for a Coronavirus-Related Distribution

By Angela Evans November 11, 2020

The coronavirus pandemic has caused many hardships throughout 2020, with health and the economic effects being felt by almost every family in the country. As a result, the government has issued many new aid-providing bills in this timeframe. The most significant of these to date is the CARES Act. While…

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Newly Online Schools May Be Caught in a Nexus Web

By Lee Frank, MBA, CPA November 2, 2020

Now that we are months since the beginning of the COVID-19 pandemic, postsecondary education institutions have had ample time to adjust and adapt to a new reality. The work has not been easy and will remain a challenge, but to paraphrase a cliché we’re hearing a lot this year, there…

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Senate Passes PPP Reform Bill: What to Know

By Daniel R. Steinmeyer, MBA, CPA June 5, 2020

The U.S. Senate on Wednesday passed a House bill to revamp the Paycheck Protection Program (PPP), giving a boost to small businesses and organizations trying to stay afloat during the coronavirus pandemic and resulting economic turmoil. The PPP allows businesses to apply for forgivable emergency loans, but its rollout wasn’t…