By: Eric Evans Entrepreneurs and early investors are faced with many business decisions and challenges. An overarching challenge is to scale a business using what is often limited debt and equity financing, prior to being cashflow positive. The business’ U.S. tax structure can dramatically impact cashflow as well. For example, the U.S. corporate income tax…
Shifting Tax Regulations in the U.S. & Abroad While there is incredible uncertainty as we move through 2022, there are a couple of major events tax teams should be tracking, as their outcomes could make a big difference for the 2022 tax landscape and well beyond. Businesses will need to keep up with a dancing…
WSRP stood out to me because it gave me the opportunity to work on several different projects so I could find what I like to do the most. I didn’t get locked into doing one kind of tax return whether I liked it or not. The managers are willing to take the time to teach…
We discuss what is known at this time and the changes that will likely take place before the end of 2021. Our team discusses how to plan for the changes and what to do now to help mitigate the impact on you. This Engaging Session Discusses: What is the administration asking for? What does the…
Download PDF Presentation Create Cash with Employee Retention Credits & the New PPP You can get Employee Retention Credits (ERC) whether you took out a PPP loan or not. We will demonstrate the actual values experienced by some of our clients. There is a great deal of confusion on the ERC because initially with PPP…
American Rescue Plan Act of 2021 President Biden signed the American Rescue Plan Act of 2021 (ARPA) into law on Thursday afternoon. This $1.9 trillion stimulus package contains additional funding and expansion of tax credits to qualifying small businesses, assistance to various industries that were impacted by the COVID-19 pandemic, namely restaurants, direct stimulus payments…
SBA Issues Guidance on the Paycheck Protection Program On Wednesday, the Small Business Administration (SBA) published guidance regarding its intended approach to review borrower certifications that a Paycheck Protection Program (PPP) loan was necessary to support ongoing operations. When submitting a PPP application, all borrowers must certify in good faith that “current economic uncertainty makes…
Interim Stimulus Plan to Provide Additional CARES Act Funding Additional $310 Billion for the PPP Due to an extremely high demand for funds, the PPP has been replenished with an additional $310B in funding. In this round of funding, they have designated $30B for mid-sized banks/credit unions and $30B for smaller lending institutions. PPP loans…
Check on the status of your Economic Impact Payment This application will give you information about: Your payment status Your payment type Whether we need more information from you, including bank account information Track Your IRS Economic Impact Payment Get more information about Economic Impact Payments Visit the IRS Economic Impact Payments Information Center to…
