by Brian Hare, CPA, CGMA | May 12, 2023 | Blog, Business, News, Tax
Whether you’re operating a new company or an established business, losses can happen. The federal tax code may help soften the blow by allowing businesses to apply losses to offset taxable income in future years, subject to certain limitations. Qualifying for a...
by Brian Hare, CPA, CGMA | Aug 25, 2020 | COVID-19
The Coronavirus Aid, Relief and Economic Security (CARES) Act made changes to excess business losses. This includes some changes that are retroactive and there may be opportunities for some businesses to file amended tax returns. If you hold an interest in a business,...
