Shelby Keefer Business, COVID-19, Taxes
Due to the rapidly changing information related to the CARES Act we have updated the information below and included more links directly to the U.S. Treasury and SBA websites. Please continue to check these resources as they are changing not by the day but by the hour. We are continually updating ourselves and encourage you […]
Shelby Keefer Business, COVID-19, Taxes
Due to the rapidly changing information related to the CARES Act we have updated the information below and included more links directly to the U.S. Treasury and SBA websites. Please continue to check these resources as they are changing not by the day but by the hour. We are continually updating ourselves and encourage you […]
Shelby Keefer Business, COVID-19
Additional information in the ever changing loan landscape. It now appears, despite what we were told last Wednesday, April 1, 2020, you can apply for both loans. Click here to access the SBA frequently asked questions and click here for a more reader friendly version. Las updated 4/7/2020 9:00 a.m. ~~ Due to the rapidly […]
Shelby Keefer Business, COVID-19
Due to the rapidly changing information related to the CARES Act we have updated the information below and included more links directly to the U.S. Treasury and SBA websites. Please continue to check these resources as they are changing not by the day but by the hour. We are continually updating ourselves and encourage you […]
Shelby Keefer Business, COVID-19, Taxes
Due to the rapidly changing information related to the CARES Act we have updated the information below and included more links directly to the U.S. Treasury and SBA websites. Please continue to check these resources as they are changing not by the day but by the hour. We are continually updating ourselves and encourage you […]
Shelby Keefer Business, COVID-19, Taxes
Due to the rapidly changing information related to the CARES Act we have updated the information below and included more links directly to the U.S. Treasury and SBA websites. Please continue to check these resources as they are changing not by the day but by the hour. We are continually updating ourselves and encourage you […]
Shelby Keefer Business, COVID-19, Taxes
Overview The Families First Coronavirus Response Act (Families First) requires employers to provide temporary paid sick, family, and medical leave for employees who are directly affected by the COVID-19 outbreak. This leave will ensure that workers are able to stay home from work when sick and are able to take care of their loved ones. […]
Shelby Keefer Business, COVID-19, Taxes
Overview The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides the following tax relief for businesses and non-profits. Expanded Net Operating Losses The CARES Act expands the use of net operating losses (NOLs) by modifying restrictions put in place by the Tax Cuts and Jobs Act of 2017 (TCJA) (P.L. 115-97). The TCJA limited net operating […]
The State of Nevada is working smart. They have changed the filing requirements to the Nevada Commerce Tax so that most small businesses are NO LONGER required to file a return. Only IF your gross receipts from Nevada are GREATER THAN $4,000,000 will you be required to file a Commerce Tax Return. This change begins […]
Tax rates The TCJA changed the tax calculation for corporations from a tiered bracket system to a flat 21% (previously was a high of 35%) New flat rate applies to personal service corporations (previously was a flat 35%) Alternative minimum tax (“AMT”) repealed completely Changes to net operating losses (“NOL”) An NOL is where your […]
