Nov 11, 2020 | Advisory, Blog, Now You Know, Startup Business, Tax
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...
Nov 10, 2020 | Advisory, Blog, Now You Know, Startup Business, Tax
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...
Jul 13, 2020 | Blog, Closely Held Businesses, Now You Know, Startup Business, Tax
Many family businesses have been adversely affected by the novel coronavirus (COVID-19) pandemic. But there’s a silver lining: proactive tax planning can help your family business take advantage of potential opportunities in the COVID-19 era. Here are some...
May 14, 2020 | Agriculture, Beer, Blog, Cider, Closely Held Businesses, Manufacturing, Now You Know, Real Estate and Construction, SBA, Startup Business, Tax
On April 14, the SBA announced that a partnership (including an LLC treated as a partnership for tax purposes) may include partners’ self-employment income as eligible compensation on the partnership’s Paycheck Protection Program (PPP) application. Unfortunately, many...
May 12, 2020 | Agriculture, Beer, Blog, Cider, Closely Held Businesses, Manufacturing, Nonprofit Insights, Real Estate and Construction, Startup Business, Wine
Does your staff cringe when you talk about goals? Do your coworkers roll their eyes when you discuss your objectives for the coming year? If this is the case in your organization, it may be time for a new way of thinking about your goals — one that is well...
May 1, 2020 | Agriculture, Beer, Blog, Cider, Closely Held Businesses, Manufacturing, Now You Know, Real Estate and Construction, Startup Business, Tax, Wine
Guidance concerning the Payroll Protection Plan is updated continually as the government responds to the economic impacts of COVID-19. Most recently, the IRS released a notice on April 30 stating that borrowers may not deduct expenses paid using forgiven PPP loan...