Dear Client: At the end of 2020, Congress passed, and President Trump signed, a new law that provides for additional relief related to the coronavirus (COVID-19) pandemic. This law, the Consolidated Appropriations Act, 2021 (CAA, 2021), includes a second draw of Paycheck Protection Program (PPP) loans (PPP Second Draw Loans). It also allows businesses to […]
The Consolidated Appropriations Act, 2021 (the CAA, 2021), signed into law on December 27, 2020, is a further legislative response to the coronavirus pandemic. The CAA, 2021 include numerous business tax provisions briefly summarized below. Tax provisions extended – It extends the following tax credits without other changes: (1) the new markets tax credit, (2)
Consolidated Appropriations Act Read More »
NEW STIMULUS BILL MAY AFFECT YOUR TAX PLANNING Tax deductibility for PPP expenses The bill specifies that business expenses paid with forgiven PPP loans ARE tax-deductible. This supersedes IRS guidance that such expenses could not be deducted and brings the policy in line with what the AICPA and hundreds of other business associations have argued was Congress’s intent when
PPP Loans – New Stimulus changes Read More »
As year-end approaches, taxpayers are generally faced with a number of choices that can save taxes this year, next year or both. To help you take advantage of some special tax saving opportunities, we have put together a list of items to consider. Please review the list and contact us if you need additional information
To small business and family-owned farm clients: Missouri has established a new grant program in response to the Covid-19 outbreak. The grant will focus on retail, accommodation, food service, farm and health care industries. Attached please find a PDF of the program guidelines as well as a fillable PDF of the required tax clearance form
Small Business Grant Program Read More »
You’ve likely been receiving our email blasts in relation to the new tax credits and SBA loans available as a result of the Covid-19 virus outbreak and its related impact on the economy. While many of you business owners with employees have begun to take advantage of the following opportunities, some of you that are
Opportunities for Business Owners With No Employees Read More »
749 Driskill Drive
Richmond, MO 64085
Phone: 816-776-3584
Fax: 816-470-7100
306 N. Mason
Carrollton, MO 64633
Phone: 660-542-0102
Fax: 660-542-3959
