Most salespeople would tell you that there are few better feelings in life than closing a deal. This is because guiding a customer through the sales process and coming out…
AppelrouthOctober 7, 2020
COVID-19 Help Center
We hope you and your family are well and safe. Just as all aspects of our daily lives are constantly changing by the ongoing COVID-10 pandemic, so to is the guidance issued by the IRS in its attempts to assist affected taxpayers. Our team is monitoring the latest developments and breaking news to keep you informed and we will update the information listed here as it becomes available. We are in this together and we are here to help you.
CALL 305-444-0999 FOR ASSISTANCE
In Notice 2020-71, the IRS recently announced per diem rates that can be used to substantiate the amount of business expenses incurred for travel away from home on or after…
AppelrouthSeptember 23, 2020
Today, many banks are working with struggling borrowers on loan modifications. Recent guidance from the Financial Accounting Standards Board (FASB) confirms that short-term modifications due to the COVID-19 pandemic won’t…
AppelrouthSeptember 21, 2020
Many companies are struggling as a result of shutdowns and restructurings during the COVID-19 crisis. To add insult to injury, some have also fallen victim to arson, looting or natural…
AppelrouthSeptember 15, 2020
You’d be hard-pressed to find a business that doesn’t value its customers, but tough times put many things into perspective. As companies have adjusted to operating during the COVID-19 pandemic…
AppelrouthSeptember 9, 2020
The IRS has provided guidance to employers regarding the recent presidential action to allow employers to defer the withholding, deposit and payment of certain payroll tax obligations. The three-page guidance…
AppelrouthSeptember 8, 2020
Marketplace changes during the COVID-19 crisis have caused many companies to make major strategic shifts in their operations — and some changes are expected to be permanent. In certain cases,…
AppelrouthSeptember 8, 2020
You’re probably aware of the 100% bonus depreciation tax break that’s available for a wide range of qualifying property. Here are five important points to be aware of when it…
AppelrouthAugust 31, 2020
The COVID-19 crisis is causing private companies to re-evaluate the type of financial statements they should generate for 2020. Some are considering downgrading to a lower level of assurance to…
AppelrouthAugust 31, 2020
Many businesses now offer, as part of their health care benefits, various types of accounts that reimburse employees for medical expenses on a tax-advantaged basis. These include health Flexible Spending…
AppelrouthAugust 26, 2020
The Coronavirus Aid, Relief and Economic Security (CARES) Act made changes to excess business losses. This includes some changes that are retroactive and there may be opportunities for some businesses…
AppelrouthAugust 24, 2020
Increasing diversity is a key initiative at many companies in 2020. This movement goes beyond social responsibility — it can lead to better-informed decision-making, improved productivity and enhanced value. Congress…
AppelrouthAugust 24, 2020
On August 8, President Trump signed four executive actions, including a Presidential Memorandum to defer the employee’s portion of Social Security taxes for some people. These actions were taken in…
AppelrouthAugust 17, 2020
During the COVID-19 crisis, you can’t afford to lose sight of other ongoing risk factors, such as cyberthreats, fraud, emerging competition and natural disasters. A so-called “stress test” can help…
AppelrouthAugust 17, 2020
If your business was fortunate enough to get a Paycheck Protection Program (PPP) loan taken out in connection with the COVID-19 crisis, you should be aware of the potential tax…
AppelrouthAugust 12, 2020
When the COVID-19 crisis exploded in March, among the many concerns was the state of the nation’s supply chains. Business owners are no strangers to such worry. It’s long been…
AppelrouthAugust 4, 2020
Last week, the Federal Reserve announced that not-for-profit organizations now may apply for loans under the $600 billion Main Street Lending Program. Previously open only to for-profit businesses with more…
AppelrouthJuly 24, 2020
A widely circulated article about the COVID-19 pandemic, written by author Tomas Pueyo in March, described efforts to cope with the crisis as “the hammer and the dance.” The hammer…
AppelrouthJuly 24, 2020
During the COVID-19 pandemic, many small businesses are strapped for cash. They may find it beneficial to barter for goods and services instead of paying cash for them. If your…
AppelrouthJuly 24, 2020