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2020 Taxes

The R&D Tax Credit: How & Why Your Business Should Claim It This Tax Season

by Aaron Jaeger | 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...
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The “Second-Draw” PPP Loan Is Here

by Aaron Jaeger | Jan 15, 2021 | small business, CPA, PPP Loans, PPP Loan Forgiveness, 2020 Taxes

Small businesses can now apply for more forgivable funds.
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