Tax Impacts of Real Estate Investments
Tax IMPACTS OF REAL ESTATE INVESTMENTS Deciding to invest in real estate can be a rewarding financial option for you and your business. While the ultimate goal of real estate investing is positive investment growth, it is also critical to understand the real estate investment tax rules so you can enter into your investment fully […]
DCAA Compliant Accounting
DCAA Compliant Accounting Any organizations bidding on government contracts must ensure compliance with DCAA (“Defense Contract Audit Agency”) rules and be prepared to pass a DCAA audit. The DCAA is responsible for acquisition of Department of Defense and other government agency contracts, and is tasked with confirming taxpayer funds are used responsibly. If you are […]
Tax Update: Increasing Your Meals & Entertainment Deduction for 2021 and 2022
Tax Update: Increasing Your Meals & Entertainment Deduction for 2021 & 2022 To spur the restaurant industry in the wake of the COVID-19 pandemic and its economic fallout, Congress passed the Consolidated Appropriations Act (“CAA”) in December 2020. The CAA allows businesses to fully deduct expenses for eligible restaurant meals incurred in 2021 and 2022. […]
Tax Update: Biden’s Made in America Tax Plan
Tax Update: Biden’s Made in america tax plan The Department of the Treasury has issued new details regarding President Biden’s Made in America Tax Plan. The administration is proposing a tax rate increase that will affect both corporations and individuals. The administration is also proposing several changes, including a corporate tax rate increase from 21% […]
Badger CPA Adds New Services Amid Acquisition Announcement
Badger CPA Adds New Services Amid Acquisition Announcement CONTACT INFORMATION: Shannon Badger, Managing PartnerBadger CPA210-885-6198Shannon.Badger@badgerCPA.com Jenny Norwood, Managing PartnerThe Austin-Montana Project(PR Project Management for Acquisition)(800) 616-6051JNorwood@austin-montana.com RELEASE DATE:May 4, 2021FOR IMMEDIATE RELEASE Badger CPA Adds New Services Amid Acquisition Announcement San Antonio, Texas — Badger CPA, a San Antonio-based accounting and financial services firm, announces […]
The Revised Child Tax Credit
Your Questions Answered President Biden signed the American Rescue Plan into law on March 11, 2021. The plan creates provisions designed to aid the country after COVID-19 shut downs devastated the economy and took a massive toll on many Americans’ jobs. In an effort to reach as many affected Americans as possible, the Child Tax […]
Employee Retention Credit Guide
Employee retention credit guide On March 1, 2021, the IRS issued additional guidance (Notice 2021-20) advising Eligible Employers, which borrowed a PPP Loan, on how to claim the employee retention credit (recently retroactively expanded under the Consolidated Appropriations Act (“CAA”) signed into law on December 27, 2020). Note this recently issued guidance is only applicable […]
Texas Winter Storm Disaster Assistance Deadline Extension
Was your business affected by the winter storm in texas? Victims of this month’s winter storms in Texas will have until June 15, 2021, to file various individual and business tax returns and make tax payments. Affected individuals and businesses will have until June 15, 2021, to file returns and pay any taxes that were […]
Texas Winter Storm Disaster Assistance
Was your business affected by the winter storm in texas? Due to this historic winter storm, the U.S. Small Business Administration (SBA) has established disaster assistance resources to help you and your business in recovery. If your business was impacted by the recent severe winter storms and is located in one of the 77 counties […]
How To: Navigating The 2nd Round Of PPP Loans
Everything You Need To Know About The 2nd Round Of PPP Loans On December 27, 2020, Congress passed the Consolidated Appropriations Act (CAA), a COVID relief bill, that included funds earmarked for a second round of Payment Protection Program (PPP) loans for small businesses. In addition, the bill clarified and changed some guidance previously released […]
