Don’t Be Fooled! Tax Scams in 2020

“We don’t get fooled again!” are the lyrics and namesake of the 1970 song by Rock n’ Roll band The Who, and 50 years later, they are still words to live by in today’s chaotic environment.  With all of the distractions brought on by the pandemic comes a golden

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When Should I Apply for PPP Loan Forgiveness?

Get Ready, But Be Patient “When should I apply for PPP loan forgiveness?” That’s a question many anxious borrowers are asking themselves, and wondering if now is the right time, or if they’d be better off waiting. In this particular instance, the age-old saying of “hurry up and wait” may

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Small Businesses May Get Second Bite at the PPP Apple

A new bill, the Prioritized Paycheck Protection Program (P4) Act, was introduced in the Senate on June 18, and if it becomes law, it will allow certain small businesses to apply for a second Paycheck Protection Program loan (PPP). The PPP – which offers loans that can amount to as

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Is Your Estate Plan in Order?

With the estate and gift tax exemption at $11.58 million ($23.16 million for a married couple), there are fewer people that are exposed to the federal estate and gift tax.  However, unbeknownst to many, the $11.58 million exemption (indexed for inflation) will be retired in 2025 and go back to

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