by Jay Javier | Dec 23, 2020 | COVID-19 Resource Center, Silver Advantage Alerts
GREAT NEWS! As part of the federal stimulus act that was passed in Congress last night, eligible business expenses paid with forgiven PPP loans are tax-deductible. As we previously discussed, the Treasury guidance had indicated the opposite. This latest legislation...
by Jay Javier | Dec 10, 2020 | COVID-19 Resource Center, Silver Advantage Alerts
By Janell Wilson, CPA – Partner December 10, 2020 On December 9, 2020, legislators released a Framework Summary of the Bipartisan COVID Relief Act of 2020. The framework calls for an additional $300 billion to be released to the Small Business Administration,...
by Jay Javier | Dec 3, 2020 | Silver Advantage Alerts, Waterloo
With the countless challenges we have faced this year, it is understandable that tax planning may not have been top of mind for many of us. The good news is there is still time to consider tax-saving opportunities and develop a plan to reduce your tax and financial...
by Jay Javier | Nov 30, 2020 | COVID-19 Resource Center, Hsiao, Silver Advantage Alerts, Tax Planning and Consulting
By John Hsiao, CPA – Partner November 30, 2020 On Novemhhttps://michaelsilver.com/john-hsiao/ttps://michaelsilver.com/john-hsiao/ber 18, 2020, the Internal Revenue Service doubled down on its position that businesses receiving PPP loan forgiveness cannot deduct the...
by Jay Javier | Nov 28, 2020 | Silver Advantage Alerts
As another tax year comes to a close, it is time to consider your tax planning opportunities and year-end tasks.
