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CARES Act NOL Change

This year in 2020 is going to be challenging for many companies that are likely to incur net operating losses (NOL’s). To help create cash for businesses to survive, Congress changed the rules on NOL carrybacks for the 2018-2020 tax years. Before we discuss the...

Minnesota Unemployment for Employers

Our office continues to get questions from business owners who have had to lay off employees during the pandemic. Here are some of the common questions: Will my unemployment rates go up if I let employees go? Answer: If the reason is COVID-19 related, then the answer...
Schedule C PPP Loan Forgiveness

Schedule C PPP Loan Forgiveness

Many sole proprietors and independent contractors felt left out on the initial PPP loan process. In fact, if they were lucky enough to secure loan funding on the first round, it was unclear as to how the loan would be forgiven. Whether you received relief on the first...
COVID-19 Resources For Businesses

COVID-19 Resources For Businesses

This article has steps to proactively protect your business. Scroll to the bottom to find additional resources such as a PPP loan forgiveness calculator. If you are a small business, you are being impacted by the COVID-19 and the shelter in place orders. Do not wait,...
PPP Loan Forgiveness Questions & Resources

PPP Loan Forgiveness Questions & Resources

For businesses that have been impacted by COVID-19, now is a critical time to conserve cash, create emergency budgets, and do cash flow projections. We have been assisting our clients the last few weeks on securing PPP loan funding to help them through this critical...