As contractors continue to work back toward normalcy, it’s critical to learn from recent experience and apply those lessons to put a plan in place for the future.
Crisis Preparation: Have a Plan in Place for the Future
Tag: COVID-19
5 Steps Nonprofits can take to Survive Tough Economic Times
During the pandemic, the implications for nonprofit funding, including those that rely heavily on state assistance and individual and business donations, are obvious.
CARES Act Provisions May Boost Cash Flow for Construction Companies
The CARES Act includes several provisions that can help boost cash flow for construction companies (and other businesses) as well as reduce their tax bills.
Bartering for Goods and Services is a Taxable Transaction
During the COVID-19 pandemic, many small businesses may find bartering for goods and services instead of paying cash is beneficial for them.
Cash Flow Series: 8 Tips to Improve Cash Flow
Below are eight tips that business owners can use to improve cash flow, even when there is a cash crunch.
Four CARES Act Tax Relief Provisions for Business Owners
The Coronavirus Aid, Relief and Economic Security (CARES) Act, which passed earlier in 2020, includes some retroactive tax relief for business taxpayers.
Casualty Loss Deductions may be Available for Damage Caused by Riots
A business may be able to claim casualty property loss or theft deductions caused by riots on its tax return. Here’s how a loss is figured for tax purposes.
Business Strategies for Staying Steady in a Troubled Economy
Here are some tried-and-true suggestions to help keep your business on the right track during this pandemic.
Tax Breaks Proposed for Business Meal and Entertainment Deductions
One of the tax breaks that President Trump has proposed to help restaurants is an increase in the amount allowed for business meal and entertainment deductions.
PPP Loans: Forgiven Expenses aren’t Deductible
The IRS has issued guidance clarifying that certain forgiven expenses aren’t deductible if a business has received a Paycheck Protection Program (PPP) loan.