by Akila Sivakumar | Jul 20, 2021 | Tax
If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “stepped-up basis”) for tax purposes. The current rules Under the current fair market value basis rules (also known as the “step-up and step-down” rules), an heir...
by Akila Sivakumar | Jun 14, 2021 | Tax
The Work Opportunity Tax Credit (WOTC) is a federal tax credit available to employers who hire from targeted groups of people who have historically had difficulty in securing employment. These targeted groups include qualified veterans, recipients of Temporary...
by Akila Sivakumar | Jul 29, 2020 | COVID-19
The Small Business Administration (SBA) has recently told lenders they will start accepting Paycheck Protection Program (PPP) loan forgiveness applications starting August 10, 2020. The SBA had originally stated that borrowers could apply for forgiveness as soon as...
by Akila Sivakumar | Jul 6, 2020 | COVID-19
In April, The Small Business Association (SBA) issued the Paycheck Protection Program (PPP) to help companies that were affected by the COVID-19 pandemic. The PPP gave loans to small companies with less than 500 employees to help pay for their employee’s payroll....
by Akila Sivakumar | Jun 4, 2020 | COVID-19
The economic impact of the COVID-19 has been enormous. Some estimates suggest over 30 million Americans have filed for unemployment benefits as a result of this economic impact. Normally when applying for unemployment, you would be eligible to receive a certain...
