Small business owners still have time to make tax planning moves to lower their 2020 federal income tax bills — and possibly lay the groundwork to save taxes in future years. Here are 10 ideas for small businesses to consider. 1. Claim Bonus Depreciation for 2020...
To help Virginia businesses and organizations cope with the economic disruption from the COVID-19 pandemic, the Virginia government established the Rebuild Virginia Grant program. Recently, Virginia expanded eligibility for the program so that it can benefit many more...
In the world of cybersecurity, it is difficult to protect yourself if you don’t know what you are up against. Cyberattacks succeed because many individuals and organizations are unaware of the types of threats that leave them vulnerable to security breaches. The...
As many organizations approach or reach the end of their Paycheck Protection Program (PPP) covered periods, they should begin to focus on the loan forgiveness application. All PPP borrowers certified in their applications that “current economic uncertainty makes this...
Now is the time to evaluate your organization’s cybersecurity. Cybersecurity encompasses everything related to protecting against criminals who attempt to steal or damage sensitive data. Due to the combination of the significant increase in remote working and the...
In the last couple of years, the IRS has engaged in an audit initiative involving executive compensation and fringe benefits. The focus began with large corporations and has now moved to smaller companies, too. Because executives often receive more than a paycheck for...
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