Bonus Depreciation Extended through 2026 Under the Tax Cuts and Jobs Act
Take advantage of the extended bonus depreciation through 2026 wherein the benefit allows 100% bonus depreciation for long-term assets.
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Allison L. Reynolds, CPA
- Apr 6, 2021
- 2 min
Changes from the American Rescue Plan Act (ARPA) and the PPP Extension Act
Changes from the American Rescue Plan Act (ARPA) and the PPP extension Act major tax-related benefits
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Allison L. Reynolds, CPA
- Mar 28, 2021
- 2 min
TENNESSEE ANNUAL REPORT
What is an Annual Report?
The annual report has some information needed from you to keep your business in good standing.
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Allison L. Reynolds, CPA
- Feb 18, 2021
- 5 min
Before You File Your 2020 Tax Return READ THIS!
There are many pandemic-related tax law changes that went in to effect in 2020. Before you file here's what you need to know.
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Allison L. Reynolds, CPA
- Jan 18, 2021
- 3 min
The PPP is Back!
The Paycheck Protection Program (PPP) is back and will kickoff at most financial institutions this week.
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Allison L. Reynolds, CPA
- Jan 10, 2021
- 7 min
New Stimulus Bill: Economic Relief & Tax Implications for Families & Small Businesses
New Stimulus Bill: Economic Relief & Tax Implications for Families & Small Businesses
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Allison L. Reynolds, CPA
- Dec 11, 2020
- 7 min
Supplemental Employer Recovery Grant Program (SERG)
On October 7th, Tennessee Governor Bill Lee and the Financial Stimulus Accountability Group (FSAG) announced $50 million in federal...
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Allison L. Reynolds, CPA
- Dec 3, 2020
- 2 min
Preparing for 2020 Non-Employee Compensation Filing: IRS Re-Introduces Form 1099-NEC
The IRS has confirmed an important change regarding non-employee compensation filing.
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Allison L. Reynolds, CPA
- Nov 16, 2020
- 3 min
The Time to Start Thinking About PPP Loan Forgiveness is Right Now
As we move into the final months of 2020, it’s time to start thinking about applying for PPP Loan Forgiveness
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Allison L. Reynolds, CPA
- Sep 4, 2020
- 4 min
Independent Contractor (1099) or Employee (W-2) and How to Recognize the Difference
If you are hiring people to work under you it is important to define the relationship properly as either a 1099 contractor or W-2 employee.
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Allison L. Reynolds, CPA
- Jul 31, 2020
- 2 min
Tennessee and 15 Other States Go Ahead With Tax Free Weekend
Amid the pandemic, 16 states, including Tennessee have decided to go forward with their traditional back to school sales tax holiday.
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Allison L. Reynolds, CPA
- Jun 26, 2020
- 4 min
Tennessee Announces Small Business Relief Program
If you are located in Tennessee and you were forced to close your business due to COVID-19 you may be eligible for the Business Relief Prog
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Allison L. Reynolds, CPA
- May 19, 2020
- 10 min
Stimulus Package Breakdown: All things PPP EIDL and Stimulus Checks
Stimulus Package Breakdown: All things PPP EIDL and Stimulus Checks
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Allison L. Reynolds, CPA
- May 8, 2020
- 2 min
Paycheck Protection Program Expenses Not Deductible
Recently the IRS issued Notice 2020-32 providing guidance related to deducting expenses paid under the Paycheck Protection Program
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Allison L. Reynolds, CPA
- Apr 14, 2020
- 4 min
Who Won't Be Receiving an Economic Impact Payment?
Economic Impact Payments should start rolling out this week to some taxpayers. Who Won't Be Receiving an Economic Impact Payment?
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Allison L. Reynolds, CPA
- Apr 12, 2020
- 6 min
10 Steps to Take if Your Business Has Been Impacted by COVID-19 (Coronavirus)
Here are 10 steps to Take if Your Business Has Been Impacted by COVID-19 (Coronavirus) .
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Allison L. Reynolds, CPA
- Mar 21, 2020
- 6 min
Coronavirus Guide for Employers
On March 18th, the Senate passed and the President signed into law the Families First Coronavirus Emergency Response Act.
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Allison L. Reynolds, CPA
- Mar 20, 2020
- 3 min
IRS Extends deadline due to COVID-19
As part of its coronavirus response, the Treasury and IRS will give filers 90 days to file and pay income taxes.
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Allison L. Reynolds, CPA
- Mar 8, 2020
- 2 min
IRS announces tax relief for Tennessee victims of severe storms, tornadoes and flooding
IRS announces tax relief for Tennessee victims of severe storms, tornadoes and flooding.
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