When Should My Business Apply for Paycheck Protection Program Loan Forgiveness?
Businesses should pay close attention to their PPP loan forgiveness application deadline to take advantage of full loan forgiveness.
Accounting
Which Non-Payroll Expenses are Eligible for Paycheck Protection Program Loan Forgiveness?
The Consolidated Appropriations Act, 2021 (CAA) has expanded which expenses are eligible for Paycheck Protection Program (PPP) loan forgiveness. During this two-minute video, Chugh, CPAs, LLP Partner and CPA Edith Miranda-Smith shares the latest on which non-payroll costs are eligible for loan forgiveness.
Financial Statements: Understanding Your Business’s Financial Health
In this prerecorded presentation, Chugh CPAs, LLP professionals Khushbu Doshi, Kapil Handa, Akshay Parikh, and Elvira Padernal cover some of the basics of financial statements, what to look for in your financial statement analysis, the importance of budgeting, and more.
What California’s Proposition 19 Means for Property Owners
New California law Proposition 19 will significantly change how certain real estate is taxed in the state. The proposition will benefit seniors and certain select California homeowners, while children who expect to inherit real estate may lose out on major tax savings.
Corporate Transparency Act (CTA) Requires Certain Companies to Report Information on Beneficial Ownership
The Corporate Transparency Act (CTA) is a new United States federal reporting requirement that requires business entities to report beneficial ownership. The CTA will take effect by January 1, 2022. Certain companies are exempt from this new regulation.
Important Federal Income Tax Deadlines You Should Know – 2020 and 2021
Businesses and individuals have many important federal tax deadlines to track throughout the year. Most deadlines for annual returns are in the spring, with extensions available until the fall.
Are You Ready for Proposition 19?
Join our prerecorded webinar to learn about the process of 401(K) audits, common mistakes that auditors make, and how to ensure your company complies with federal United States law, The Employee Retirement Income Security Act of 1974 (ERISA).
Employee Benefit Plan Audits: An Overview
Join our prerecorded webinar to learn about the process of 401(K) audits, common mistakes that auditors make, and how to ensure your company complies with federal United States law, The Employee Retirement Income Security Act of 1974 (ERISA).
Certain Meals Will Be 100% Tax-Deductible for Businesses in 2021 and 2022
Businesses can now deduct 100% of certain meal expenses for tax years 2021 and 2022 under the Consolidated Appropriations Act, 2021. This policy is designed to stimulate the restaurant industry and provide breaks for other businesses.
Tax Filing Season Will Begin February 12, 2021
Tax season is officially here! The Internal Revenue Service (IRS) has announced that it will begin accepting and processing tax forms for individuals starting February 12, 2021. This date is two weeks later than normal to accommodate for tax law changes and the recent stimulus relief package.
