by KLPCPA | Aug 14, 2020 | IRS, Small Business, Taxes
Call Now Setup an Appointment If your business was fortunate enough to get a Paycheck Protection Program (PPP) loan taken out in connection with the COVID-19 crisis, you should be aware of the potential tax implications. PPP basics The Coronavirus Aid, Relief and...
by KLPCPA | Jun 23, 2020 | Small Business, Taxes
Call Now Setup an Appointment While the COVID-19 crisis has devastated many existing businesses, the pandemic has also created opportunities for entrepreneurs to launch new businesses. For example, some businesses are being launched online to provide products and...
by KLPCPA | Nov 27, 2019 | Small Business, Taxes
Call Now Setup an Appointment At this time of year, many business owners ask if there’s anything they can do to save tax for the year. Under current tax law, there are two valuable depreciation-related tax breaks that may help your business reduce its 2019 tax...
by KLPCPA | Nov 18, 2019 | Small Business, Taxes
Call Now Setup an Appointment A month after the new year begins, your business may be required to comply with rules to report amounts paid to independent contractors, vendors, and others. You may have to send 1099-MISC forms to those whom you pay nonemployee...
by KLPCPA | Nov 11, 2019 | Small Business, Taxes
Call Now Setup an Appointment One of the most laborious tasks for small businesses is managing payroll. But it’s critical that you not only withhold the right amount of taxes from employees’ paychecks but also that you pay them over to the federal government on time....