Latest Covid-19 Relief Updates: Round up of Key Information

These past few months have been a few of the more challenging we have faced. Going forward, for as long as it’s useful, we will bring you a regular round up of relevant COVID-19 relief information highlighting what you need to know to manage through this crisis. Click here for key updates. Checklist for SBA […]

The potential benefits and risks of a mezzanine loan.

The economic impact of the COVID-19 pandemic has lowered many companies’ revenue but may have also opened opportunities for others to expand or pivot into more profitable areas. If your company needs working capital to grow, rather than simply survive, you might want to consider a mezzanine loan. For most small to midsize businesses, accessing […]

Make customer service a top priority

As companies have adjusted to operating during the COVID-19 pandemic and the resulting economic fallout, prioritizing customer service has become more important than ever. Here are some foundational ways to strengthen customer service during these difficult and uncertain times. It is more important now than ever before to prioritize customer service. You must have a […]

Homebuyers can deduct seller paid points.

If you’re buying a home, or you just bought one, you may wonder if you can deduct mortgage points paid on your behalf by the seller. Yes, you can, subject to some important limitations described below. According to the National Association of Realtors (NAR) existing home sales and prices are up nationwide compared to last […]

Should employers defer employees’ Social Security taxes?

Recent presidential action allows employers to defer, not forgive, withholding, depositing and payment of certain payroll tax obligations. The IRS has provided guidance in Notice 2020-65 that was issued to implement President Trump’s executive memorandum signed on August 8. Private employers still have questions and concerns about whether, and how, to implement the optional deferral. […]

ESOPs may offer benefits for your employees.

Would business go smoother if your employees worked as if they owned the company? An employee stock ownership plan (ESOP) could make this a reality. Under an ESOP, employee participants take part ownership of the business through a retirement savings arrangement. Meanwhile, the business and its existing owner(s) can reap the benefits from tax breaks, […]