Tag: small business

PPP Loan Forgiveness Portal
SBA To Open New PPP Portal for Direct Loan Forgiveness

Beginning on August 4, 2021, borrowers with PPP loans of $150,000 or less can apply…

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pass through tax
Proposed Bill Would Modify Tax Deductions for Eligible Owners of Pass-Through Entities

A new bill introduced by Senate Finance Committee Chairman Ron Wyden (D-OR), the Small Business…

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managed accounting services q&a
Q&A: Managed Accounting Services

Partner Michael Sullivan highlights the benefits of MFA's recently launched Managed Accounting Services, including streamlined…

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Accounting Method Changes
Final TCJA Regulations Simplify Small Business Exemptions

This article summarizes some of the key highlights of the final IRS rules regarding simplifying…

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Liquidity Options Other Than PPP
Liquidity Options Beyond the Paycheck Protection Program

With or without PPP funding, the unfortunate reality is many businesses are seeking much-needed capital…

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Payroll Tax Credits for COVID-19 Mandated Paid Leave
Payroll Tax Credits & Rapid Refunds for Employers Making COVID-19 Leave Payments

The IRS has just clarified that employers can subtract the cost of the new mandated…

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Negative Tax Basis Delayed
SBA Disaster Assistance in Response to COVID-19 — Low Interest Loans

In response to the novel coronavirus (COVID-19) pandemic affecting the small business community across the…

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Business man holding light bulbs, ideas of new ideas with innovative technology and creativity
Tax Reform Roundup: What Your Business Needs to Know

It may not feel like it, but tax season is right around the corner, and…

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Close up right hand female using calculator
Pass-Through Deduction Details Clarified by IRS/Treasury

Recently, the IRS and Treasury Department issued proposed regulations for a new provision which allows…

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open concept office
New Automatic Changes for Small Businesses Meeting the $25 Million Gross Receipts Test

On August 3, 2018, the IRS released Rev. Proc. 2018-40, which provides procedural guidance by…

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