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How Miami Became a Hub of PPP Fraud After Pandemic

CPA Practice

When the coronavirus threatened to turn the nation into a graveyard of failed businesses, Congress rushed through an emergency loan program: about $800 billion — roughly the size of the annual defense budget — was doled out in a matter of months to millions of companies. There were few strings attached: the U.S. Criminals cashed in.

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Unveiling the Secrets of Tax Deductions and Credits: A Comprehensive Guide for Individuals and Businesses

MyIRSRelief

Tax deductions and credits are powerful tools that can help individuals and businesses reduce their tax liabilities, putting more money back in their pockets. Lesser-Known Tax Credits Tax Deductions for Businesses 4.1. Business Expense Deductions 4.2. Depreciation Deductions Tax Credits for Businesses 5.1.

Tax 130
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Cannabis Financing: How to Navigate Sky-High Interest Rates and Limited Lenders for Cannabis Businesses

Anders CPA

Cannabis entrepreneurs face major challenges when it comes to business financing. Even as recreational use becomes more common throughout the United States, funding options for cannabis businesses will face limited funding options until legalization — or at least rescheduling — occurs at the federal level.

Finance 59
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Alternative Small Business Financing Options for Skagit County SMBs

SkagitCountyTaxServices

I’ve talked to you before about the ERC scams running rampant and how to steer clear of them, but there’s a recent update worth mentioning: They’re also partially responsible for the IRS’s delay in issuing ERC refunds — especially for small businesses. Last time, we looked at the process for getting a bank loan.

Finance 63
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Helping Your Clients Get Access to Grants, Part 1

CPA Practice

What’s one of the biggest challenges that small businesses face? Loans are an option, but they’re not always easy to attain. In fact, large banks only approve 25% of Small Business Association (SBA) loans. Typically, businesses seek out these grants for the purpose of gaining capital. Read Part II.]

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16 Common Financial and Tax Mistakes That Affect Your Small Business’ Bottom Line

Ronika Khanna CPA,CA

Starting a business is hard work. In addition to creating your core product or service , you also need to have a working knowledge of numerous other facets of business including marketing, IT, accounting and operations. Digital Download Available at Amazon 1.

Tax 98
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IRS Direct File Launches for Low-Income Taxpayers in 12 States

CPA Practice

Although Direct File is available to California taxpayers regardless of how much they earn, it can be used only by people who earn income in limited types of ways. For example, Direct File is not for you if you have income from a business you own, subcontracting work or gig-economy jobs. How do you use Direct File?