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- 4 min
Business Depreciation (What Is It and How Can It Improve Cash Flow?)
Did you know that you can take a tax deduction for 100% of your equipment’s cost in the year you buy it using bonus depreciation and/or...
91
- 2 min
Illinois Introduces Tax Credit to Offset the Increased Minimum Wage
On January 1, 2020, the IL minimum wage increased from $8.25 to $9.25 per hour. A second increase, to $10.00 per hour, begins on July 1,...
149
- 2 min
Changes to the Paycheck Protection Program
Last week, the President signed into law the Paycheck Protection Program Flexibility Act (PPPFA) relaxing the rules regarding the use of...
66
- 2 min
The Good News – You Received a PPP Loan! The Bad News – Were You Really Eligible?
On Friday, April 24, 2020, the SBA issued new rules regarding the PPP loan program, one area of which focuses on borrower eligibility. ...
174
- 4 min
Steps for PPP Loan Forgiveness
If you received a PPP loan, here is what you need to know - track and document everything. Keep detailed records of your expenses! ...
176
- 2 min
COVID-19 Provisions Related to Self-Employed Individuals
The recently issued Families First Coronavirus Response Act (Act) provides relief to employees impacted by COVID-19 in the form of paid...
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