At some point in your business you migh proprietorship or partnership. But as owners of these businesses expand their services or add employees, they potentially open the door to more legal issues, because they are not separated from their business. At this point, it...

The Internal Revenue Service has started depositing third stimulus checks last weekend to taxpayers’ bank accounts. More waves of payments will be delivered in the coming weeks via direct deposit or mail as a check or debit card. On March 11, President Biden...

It is expected that President Biden will sign one of the biggest stimulus packages in US history on Friday, March 12, 2021. It is a 1.9 trillion dollar bill that will help boost vaccination efforts against covid-19 and the economy. Here are some of the notable pieces...

The $1.9 trillion stimulus bill passed by the House is intended to provide relief and fix other concerns related to the COVID-19 pandemic. It is expected to be passed before March 14th, 2021, when a number of provisions of the Consolidated Appropriations Act which...

Sole proprietors, independent contractors, and self-employed individuals who file Schedule C returns can now use the new calculation formula to apply for a PPP loan. The guidance comes in the form of a 32-page interim final rule (IFR) released last Wednesday....

The Internal Revenue Service this week issued guidance for employers claiming the employee retention credit for 2020 calendar quarters. The guidance in Notice 2021-20 includes clarifications on the retroactive changes under the Relief Act 2020 applicable to 2020...

The Biden administration this week released that they will provide a more generous loan formula for self-employed and gig workers. But there’s a catch - there’s a 14-day exclusive window for applicants that have businesses with less than 20 employees. The exclusive...

Restaurants who were among the most hit in the market last year could soon avail a grant up to $10 million for eligible expenses from February 15, 2020. The Restaurant Revitalization Grant (RRG) which is part of the $1.9 trillion COVID-19 relief package will be voted...

We spend most of our work online these days, and a big portion of it should be spent nurturing trust through effectively communicating with your clients. Here are proven tips that have helped us build client relationships and will surely help your business or work. Be...

The Internal Revenue Service (IRS) is still addressing a huge backlog of unopened mails and unprocessed returns, causing all kinds of issues for taxpayers. The tax season has already started last February 12, so the IRS has begun accepting this year’s tax returns....