Since the beginning of the COVID-19 pandemic, many individuals began working from their homes, as offices and workplaces closed to help prevent the spread of the coronavirus. Now, many workers are wondering whether they can take a home office deduction on their 2020 tax filing. As you might recall, … [Read more...] about Can you take a tax deduction for working from home?
COVID-19
NEW WEBINAR – NEW TAX CREDITS FOR YOUR BUSINESS
WHEN: Tuesday, March 9, 2021, from noon to 1 p.m. REGISTER / MORE INFORMATION: At the Amherst Chamber of Commerce website. Tronconi Segarra & Associates is pleased to partner with the Amherst Chamber of Commerce to present a new Lunch & Learn webinar about the Employee Retention Tax … [Read more...] about NEW WEBINAR – NEW TAX CREDITS FOR YOUR BUSINESS
COVID-19 Accounting Considerations
The impact of coronavirus (“COVID-19”) on the global economy has shifted businesses’ and organizations’ main focus from standard operating procedures to navigating through new laws and regulations, analyzing staffing needs, renegotiating contracts with customers and vendors, and determining whether … [Read more...] about COVID-19 Accounting Considerations
President Biden Announces Changes to PPP
Today, the Biden Administration announced several reforms to further target relief to America’s smallest businesses and to ensure that Paycheck Protection Program (PPP) funds are distributed equitably. These reforms include the following changes intended to eliminate barriers that disproportionately … [Read more...] about President Biden Announces Changes to PPP
SBA Posts Guidance on Eligibility for Different Relief Options
The U.S. Small Business Administration (SBA) posted a new webpage titled Cross Program Eligibility on SBA Coronavirus Relief Options on their sba.gov website. The webpage includes this chart, which summarizes the criteria that must be met by applicants when considering the following Coronavirus … [Read more...] about SBA Posts Guidance on Eligibility for Different Relief Options
SBA Posts Guidance for Shuttered Venue Operators Grants
The Consolidated Appropriations Act, 2021 signed into law by President Trump on December 27, 2020, includes the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (Economic Aid Act), which provides $15 billion in funding for the U.S Small Business Administration (SBA) to establish … [Read more...] about SBA Posts Guidance for Shuttered Venue Operators Grants