Temporary 100% Deduction of Business Meals Proposed by Senate Republicans
Senate Republicans proposed a series of bills on July 27 to address the current economic impact of the coronavirus. These bills are still in the negotiating
Considerations for Transitioning Your Business
Learn more about what a business owner should consider before deciding how they would like to transition their business.
CARES Act - Modifications for Net Operating Losses
Learn more about how the CARES Act provided temporary suspension of taxable income limitation for net operating losses.
CARES Act - Removal of Excess Business Loss Limitation
The Tax Cuts and Jobs Act (TCJA) created a provision, Internal Revenue Code (IRC) Section 461(l) that limited the allowable losses that could be deducted