by Sarah Boehle Pool | Sep 7, 2020 | Latest News
Even if no money changes hands, bartering is a taxable transaction During the COVID-19 pandemic, many small businesses are strapped for cash. They may find it beneficial to barter for goods and services instead of paying cash for them. If your business gets involved...
by Sarah Boehle Pool | Sep 3, 2020 | Latest News
5 common accounting software mistakes to avoid No company can afford to operate without the right accounting software. When considering whether to buy a new product or upgrade their current solutions, however, business owners often fall prey to some common mistakes....
by Sarah Boehle Pool | Sep 2, 2020 | Latest News
More parents may owe “nanny tax” this year, due to COVID-19 In the COVID-19 era, many parents are hiring nannies and babysitters because their daycare centers and summer camps have closed. This may result in federal “nanny tax” obligations. Keep in mind that the nanny...
by Sarah Boehle Pool | Aug 31, 2020 | Latest News
The possible tax consequences of PPP loans 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,...
by Sarah Boehle Pool | Aug 27, 2020 | Latest News
Reopening concepts: What business owners should consider A widely circulated article about the COVID-19 pandemic, written by author Tomas Pueyo in March, described efforts to cope with the crisis as “the hammer and the dance.” The hammer was the abrupt shutdown of...
by Sarah Boehle Pool | Aug 26, 2020 | Latest News
What happens if an individual can’t pay taxes While you probably don’t have any problems paying your tax bills, you may wonder: What happens in the event you (or someone you know) can’t pay taxes on time? Here’s a look at the options. Most importantly, don’t let the...
