News
Rental Real Estate Potential Accounting Method Change
Rental Real Estate Potential Accounting Method Change The 2017 Tax Cuts and Jobs Act (TCJA) provided that residential real estate companies could make an election to not be subject to the interest expense limitation under Section 163(j) of the Internal Revenue Code.
COVID-19 Related Payroll Tax Credits
COVID-19 Related Payroll Tax Credits There have been a large number of payroll tax credits related to COVID-19 that have come from recent legislation, like the Families First Coronavirus Response Act (FFCRA), Taxpayer Certainty and Disaster Relief Act (TCDRA), Coronavirus Response and Relief Supplemental Appropriations Act (CRA), and the American Rescue Plan Act (ARPA).
Minnesota Tax Relief Has Arrived
Minnesota Tax Relief Has Arrived On July 1, 2021, Governor Tim Walz signed a long-awaited tax bill. Highlights of the new Minnesota law are discussed in this article by Steve Warren, CPA, MBT.
SDK’s networking & seminars are back! Automating your small business
SDK's networking & seminars are back! Automating your small business Please join us for our first in-person networking & seminar since February 2020 - with lots of time to catch up, and a little time for learning about new tools!
State Tax Treatment of Paycheck Protection Program Loans
For both rounds of Paycheck Protection Program (PPP) loans, taxpayers need to be aware that the tax treatment of the loan forgiveness and expenses paid [...]
Remote workers & state income tax issues-Our next webinar
Monday, February 15, 2021 1:00 PM to 2:00 PM via zoom The COVID-19 pandemic has created many new issues for employers. One of the biggest [...]
Employee Retention Credit Now Available to Businesses that Took Out PPP Loans
With the new COVID-19 stimulus package enacted on December 27, 2020, there have been significant boosts made to the employee retention credit (ERC) that became [...]
President-Elect Biden presents the “American Rescue Plan”
On January 14, 2021, President-elect Joe Biden outlined a proposed $1.9 trillion dollar deal to help fight the Coronavirus and economic downturn. The main focuses [...]
