Employee Retention Credit – You Could Be Leaving Money on the Table

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The Consolidated Appropriations Act (CAA), signed into law on December 27, 2020, included a credit opportunity that might allow some businesses the ability to claim a per employee credit of up to $5,000 in 2020 and $14,000 in 2021. With that said, there are some details that need to be shared to assist your business… Continue Reading Employee Retention Credit – You Could Be Leaving Money on the Table

PPP Loans Currently Forgiven Could be Taxable Income in 2020 for Wisconsin Businesses

Blog, COVID-19, Financing and TaxesLeave a comment

The PPP loan forgiveness process will currently lead to taxable income for Wisconsin businesses. If Wisconsin doesn’t pass new legislation to accept the federal deductibility rules for PPP, most Wisconsin businesses won’t be able to deduct certain expenses from their state taxable income in 2020, effectively increasing their tax liability. Without action, the PPP loan… Continue Reading PPP Loans Currently Forgiven Could be Taxable Income in 2020 for Wisconsin Businesses