January 2021The recently signed Consolidated Appropriations Act of 2021 expands the Employee Retention Credit and now allows PPP Loan recipients to potentially receive payroll tax credits. This could result in the need to file amended payroll tax returns for 2020.In Spring 2020, the CARES...
January 2021OverviewThe Coronavirus Aid, Relief and Economic Security (CARES) Act, the Paycheck Protection Program (PPP) and Health Care Enhancement Act appropriated funds to reimburse eligible healthcare providers for healthcare related expenses or lost revenues attributable to the coronavirus. These funds were distributed by the...
January 2021As the second stimulus bill was signed into law by the President, several important changes related to small-business provisions, originally established by the CARES Act, were made. Specifically, the Economic Injury Disaster Loan (EIDL) Advance. EIDL Advance is a grant program offered with...
December 2020Congress passed a COVID-19 stimulus that created $284 billion addition funding for the Paycheck Protection Program (PPP). Additionally, Congress clarified that expenses paid with PPP funds will be NOT TAXABLE, which is reversal from IRS guidance provided earlier this year. A basis increase...
December 2020It took months of contentious negotiations, but on the evening of December 21, Congress voted to approve a second stimulus package intended as a relief measure for businesses and individuals adversely affected by the COVID-19 pandemic.The $900 billion pandemic relief bill is the...
Frankel Zacharia has been awarded on the Forbes list of America’s Best Tax and Accounting Firms 2021. This prestigious award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list was announced on December 1st, 2020...
Click below to see the latest updates from Frankel Zacharia Oct 20, 2020 – NE Grant Round 2 Funding Sept 9, 2020 – Update on Presidential Executive Order - Employee 6.2% FICA Withholding Sept 9, 2020 – ImagiNE Nebraska Act July 9, 2020 – Required Minimum Distributions for 2020 Jun 18,...
The last post, we discussed keeping your business and personal accounts separate as well as ensuring you have integrated accounting into your business practice. This time we are going to continue moving through some key steps to starting a successful business by discussing the...
There are many best practices to keep in mind as you start your own business. These items can help turn a start-up business into a long-term business. The next few posts will discuss six key steps that can help bring success to any new...
Many investors, especially more risk-averse ones, hold much of their portfolios in “income investments” — those that pay interest or dividends, with less emphasis on growth in value. But all income investments aren’t alike when it comes to taxes. So it’s important to be...
