Entries by Leone McDonnell and Roberts

What is Cryptocurrency?

Cryptocurrency is a “virtual currency” that can be actively traded on multiple platforms. A few of the most common trading platforms, such as Coinbase, Robinhood, and several others, allow for taxpayers to actively trade these currencies.

/by

So You Missed the Filing Deadline, Now What?

Our tax team prioritizes filing for our clients to ensure that they meet their specific requirements. However, we do recognize that sometimes, life happens and deadlines are missed. Understanding how to handle missing the filing deadline can help you understand the best way to minimize possible penalties.

/by

PPP Loan Forgiveness Flexibility

House Bill 7010 titled the Paycheck Protection Program Flexibility Act of 2020 was signed into law on Friday, June 5, 2020. This bill provides changes to the PPP loan forgiveness process in an attempt to strengthen certain nonprofits and small business across the country, while also attempting to deploy the $100+ million in undistributed funds that still sit within the PPP program.

/by

What You Need to Know About Standard Mileage Deductions

Do you drive for business purposes, medical appointments, or charitable events? You may qualify for the standard mileage tax deduction. The Tax Cuts and Jobs Act of 2017 redefined the tax law terrain for many programs, including the mileage initiative. Knowing a few critical facts about what qualifies as mileage that can be claimed can help ensure you don’t miss out on any earned deductions.

/by

Land The Job: Pointers and Tips For Interview Season

College is back in session and you’re on campus getting settled into your new course schedule and workflow. Two weeks later, you’re hitting your academic groove when you’re informed that some of the region’s most influential accounting firms are coming to recruit upcoming grads. Great, right? Yes and no. While connecting with leading accounting firms […]

/by