Posts about
2020 Taxes
The R&D Tax Credit: How & Why Your Business Should Claim It This Tax Season
by | Feb 10, 2021 | SMB, Controller, Bookkeeper, Accounting, business tax, 2020 Taxes
The federal Research and Development (R&D) Tax Credit (26 U.S.C. § 41) is a hidden gem in the United States tax code. With it, businesses of all sizes that incur qualified research expenses (QREs) can be eligible for up to $250,000 per year and significantly reduce their tax liabilities. Such a...
The “Second-Draw” PPP Loan Is Here
by | Jan 15, 2021 | small business, CPA, PPP Loans, PPP Loan Forgiveness, 2020 Taxes
Small businesses can now apply for more forgivable funds.