The Latest on PPP Expense Deductions and Loan Forgiveness
The PPP loan forgiveness program continues to cause confusion for schedule C earners, partnerships, corporations, and thousands of accounting firms around the United States…So in this post we will organize the latest news around PPP forgiveness to make sure you have the right information.
CAPEX Write-offs: De Minimis, Section 179, or Bonus Depreciation?
Do you purchase equipment, vehicles, computers, furniture, or other “capital expenses” for your business or real estate investments? If so, did you know that you have many options for writing-off your expenses? How do you avoid losing money by making the wrong choice?
Datto IPO: What Startups Can Learn from Datto's Success
Today, October 21, 2020 Austin McChord’s Datto went public with its long-awaited IPO on the NYSE. As a former Datto employee now running a CFO firm serving startups and MSPs, I was more than excited to see the news of Datto’s IPO hit the newswire this week for the sake of its employees, partners, and shareholders. Disclaimer: This is not investment or stock advice!
Business Use of Home Tax Deductions (Attention eComm Sellers!)
Do you use your home for business, inventory, office, or client service? This post is for you to avoid tax deduction issues and IRS problems in the future!
How to Maximize Your Business Vehicle Mileage Tax Deductions
What one record receives special attention? What one record can create a nightmare for you? What one record makes the IRS suspect that you are the keeper of lousy records? Think of the record people most hate keeping. That’s the one we are talking about. You have probably guessed what that record might be.