Employee Retention Credit Updates

Post Date: January 19, 2021

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...

HHS Provider Relief Fund (PPP)

Post Date: January 19, 2021

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...

New Stimulus Bill and Related Updates to the EIDL Grants

Post Date: January 19, 2021

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...

Paycheck Protection Program Stimulus 2 Updates

Post Date: January 19, 2021

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...

$900 Billion COVID-19 Relief Bill Passed by Congress

Post Date: January 19, 2021

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, LLC Awarded on the Forbes America’s Best Tax and Accounting Firms 2021 List

Post Date: January 5, 2021

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...

COVID-19 Updates

Post Date: October 20, 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,...

Best Practices When Starting a New Business: Part 2 of 3

Post Date: July 23, 2019

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...

Best Practices When Starting a New Business: Part 1 of 3

Post Date: May 31, 2019

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...

The ins and outs of tax on “income investments”

Post Date: March 22, 2019

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...