Town of Plymouth’s “COVID-19 Daily Update” – May 27, 2020

In this week’s Wednesday episode (May 27, 2020) of the Town of Plymouth’s “COVID-19 Daily Update,” Heather reported that she still hasn't seen movement on fixing the issue of expenses being deductible regarding the PPP loans, which will directly impact how many taxes are owed at the end of the year. The AICPA is working hard [...]

Tax Rule Changes for Improvements to Interior Parts of Nonresidential Buildings

We wanted to alert you to a beneficial change in the tax rules for many improvements to interior parts of nonresidential buildings ("qualified improvement property" or "QIP"). You may recall that following the 2017 Tax Cuts and Jobs Act ("TCJA"), any QIP placed in service after Dec. 31, 2017 was not considered to be eligible for [...]

Important Tax and Business Resources During COVID-19

With stay-in-place guidelines extended due to the continuing spread of coronavirus, our offices will remain closed to the public at least through April 30, 2020. We have (understandably) been receiving many questions from our clients about taxes, as well as asking for clarification about recently enacted legislation impacting both individuals and small businesses. Unfortunately, we do [...]