PPP Extended—Act Fast or Miss Out
This is likely it—your last chance to obtain first- and second-draw Paycheck Protection Program (PPP) monies. A new law, the PPP Extension Act of 2021, extends the expiration date to the later of May 31 or when the money runs out. Note the phrase “when the money runs...
10 Useful Tips on How to Track Business Expenses
Failing to accurately track your business’s expenses can leave you with an unrealistic view of how things are going. To get a better understanding of how well your business is running you need to learn how to track business expenses correctly. If you’re...
Deducting Disaster Losses for Individuals
We seem to be living in an age of natural disasters. Floods, fires, hurricanes, tornados, and other disasters often dominate the news. If a disaster strikes you, the tax law may help. When defined as such by the tax code, a disaster loss may qualify for deduction from...