We cover a multitude of tax strategies created by the recent legislation. We also discuss pitfalls taxpayers must avoid to save tax. Presentation Slides Available Here.
Tax Planning During Uncertain Times
Current Federal and State Income Tax Deadlines
Friends, I hope this message finds you well. As you likely know, the impact of COVID caused federal and state taxing authorities to extend most individual filing and payment deadlines beyond the April 15th deadline. I have attached a summary of all federal and state income tax deadlines for your reference. While most states have… Read More
Securing PPP Loan Forgiveness Webinar On Demand Access
Video Playback Available of the Securing PPP Loan Forgiveness Webinar: Other Materials: PDF Securing PPP Loan Forgiveness For access to the calculator spreadsheet, please reach out directly to Dan Packard at dpackard@coopernorman.com or Tim Anderson at tanderson@coopernorman.com.
Filing and Payment Deadlines
Friends, As April 15th approaches, many states have provided additional payment and filing guidance. While most states have followed the federal postponement, it is important to understand the respective guidelines for states where you file. To assist in this process, we have summarized the filing, payment, and estimate guidance from each state. Please contact your… Read More
PPP Loan and Debt Forgiveness Calculator, Idaho Unemployment Updates, and EIDL vs PPP
We have crafted a Paycheck Protection Program Loan calculator to help you determine the maximum amount of the loan and the portion that will be deemed forgiven. This information is provided for estimate and planning purposes only. Loan approval can only be granted by an SBA 7(a) lender. It is Cooper Norman’s current expectation that… Read More
CARES Act, Tax Reform, and More
The President signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Regulatory guidance from federal agencies such as the Department of Labor, Department of Treasury, Department of Health and Human Services, and the Internal Revenue Service is still necessary to fully explain the value and impact of these provisions.The CARES Act endeavors… Read More
The New I-9 Form is Available
USCIS has released a new I-9 that all employers should start using beginning January 31, 2020.
National Construction Accounting Conference – Economic Outlook, Revenue Recognition Update, and Accounting Methods
Mike Goettsche and Brody Fitch from Cooper Norman’s Construction Team attended the AICPA Construction & Real Estate Conference held in Nashville on December 5th and 6th, 2019. The construction conference is the AICPA’s flagship event for providing information from leading industry professionals related to trends in the industry, practical implementation of accounting standards, and tax… Read More
Tax Planning for the Construction Industry
Believe it or not, 2019 is over 90% complete at this point. Considering that tax reform has dramatically changed the nature of tax credits and deductions, it is more important than ever to ensure that adequate planning is done. Optimal tax savings is heavily reliant on planning before year-end. As a contractor, we will talk… Read More
The Pass-through Deduction: Things every business owner needs to know
[et_pb_section fb_built=”1″ _builder_version=”3.26.3″ custom_padding=”0px|||||”][et_pb_row _builder_version=”3.26.3″][et_pb_column _builder_version=”3.26.3″ type=”4_4″][et_pb_text _builder_version=”3.26.3″] By Dan Packard, CPA, CFE, CVA Tim Anderson, CPA Scott Nielson, CPA Recent tax changes have dramatically impacted the opportunities available to small business owners. One of the largest opportunities now available is the pass-through deduction (Section 199A deduction), by which a taxpayer can deduct up to… Read More