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You might have seen some rumors on this already, but I wanted to help make everything clear for you...A few weeks back I told you that there were some tax professional rumors circulating about “automatic PPP loan forgiveness” for loans under $150K. Remember that?Well,...

Business owner to business owner, I want to remind you of something that you probably already know:With the election just one month away, the world is SWIMMING in conflict and negativity. And you need to be serious and proactive about protecting yourself from it....

All the political people are arguing over taxes, and my inner geek smiles.(By the way, if YOU want to argue about the tax issues, here's a good explainer article to start with before you make big declarations about the tax issues involved.)Because I'm not really...

With the business deadline (9/15) behind us, we're in tax planning season.Though the IRS (and Congress) haven't yet definitively made a statement about it (that we know of), here at Utah Real Estate Accountants we are operating according to the fact that the filing...

Here we are, with Q3 of 2020 in the rear-view mirror, THANK GOODNESS.Only one more quarter left in this 2020 donkey -- but it's going to be an eventful one.I get asked what I think the markets will do, and the only thing I can really say is "expect the unexpected".If...

I have a few quick-hit things to cover today.The first of which relates to some timing issues. Labor Day is behind us (though many of my business owner friends and clients don't really take time off for that).(You can't really take a vacation in the same way when you...

Just in time for the weekend, the IRS issued Friday-evening guidance about the overly-hyped (at first) payroll tax "holiday".There was initial hope that this might be a great shot-in-the-arm for Salt Lake County businesses and employees, but given how the thing is...

Before I get into what I'm writing about today, a quick tax-related item: the payroll tax "holiday" (deferral) does not (as of this writing) come with guidance attached from the IRS. This means that your payroll company, whomever that might be, won't have set up your...

From what I'm seeing, the rolling, rippling economic effects of this virus and the lockdown/quarantine, etc. WILL continue. This is regardless of your circumstance or your locality.Economic issues are far more connected these days than they had been in decades past...

I have some ideas for small business owners to chew on today about how to connect more clearly and deeply with your clients and prospects, but before I get there, some news:There is still no word about automatic PPP forgiveness for smaller loans (under $150K), and...

Doing business in the summer of 2020 sure ain't easy.I know businesses all over the spectrum -- some businesses are on their last legs because of social restrictions and lockdowns, some who are hanging steady, and some who have found ways to grow.Many have taken...

There is talk right now that Congress might enact automatic forgiveness for all PPP loans under $150K. This would be a sigh of relief for small businesses (and their accountants!) everywhere. Nothing has been passed, but it's under strong consideration.And, in case...