May 16, 2023 | Helpful Articles
Whether a revenue-generating activity constitutes a trade or business is usually straightforward — until it isn’t. The most common confusion on this issue occurs around hobbies that generate revenue and investments that contain a degree of personal involvement....
Dec 28, 2022 | Helpful Articles, Recorded Event
This course will examine the complexities of related party transactions for tax advisers working with closely held businesses and their owners. The panelist will explain when imputed interest is required, when it is recognized by the payor and payee, when loss...
Mar 11, 2021 | Helpful Articles
One of the more confusing aspects of taxation is the federal mandate for a business to charge interest on loans to or from its owners. This is primarily targeted at corporation/shareholder loans but can affect other business entities as well. Given current interest...
Mar 4, 2021 | Helpful Articles, Latest Tax Developments
To Our Valued Clients and Associates, As we mentioned earlier this week, the SBA was going to be issuing guidance on the revised PPP loan calculation for Schedule C filers. Today, that guidance has been issued via an Interim Final Rule (IFR) and an updated PPP loan...
Mar 1, 2021 | Helpful Articles, Latest Tax Developments
To Our Valued Clients and Associates, Recently, the Biden administration announced its first changes to the PPP program, including a big change for Schedule C filers. First, effective Wednesday February 24th and continuing for two weeks, the SBA has been directed to...
Dec 22, 2020 | Helpful Articles, Latest Tax Developments
To our Valued Clients and Associates, At long last, the House and Senate have agreed to a second significant stimulus package. We will highlight some of the more salient points from the over 5,500-page bill. As is with most government bills, there is a lot...
