How could my PPP loan have exposed my company to criminal liability? Now that your small business has a PPP Loan, it is time to consider how this may have exposed your company to criminal liability. Since the US government does not give out loan money without a loan audit… [Read more]
Paula Brunoro Discusses International Tax Challenges & Techniques For Corporations
SAN DIEGO, CALIFORNIA, UNITED STATES, June 18, 2019 /EINPresswire.com/ — Leading international tax attorney, Paula Brunoro-Borokhov, of Brunoro Law, APC., conducted a live international tax challenges webinar for tax professionals and advisers. Moreover, the webinar focuses on the “legal tax challenges and available planning techniques for domesticating individually-owned controlled foreign corporations (CFCs) post-tax… [Read more]
Updated 2020 Tax Filing Deadlines
IRS has extended the deadline for personal tax filings from April 15 to July 15. It has also extended the deadline for contributing to your 2019 IRA. So, if you haven’t contributed, you still have time. Trying to decide whether or not to contribute to your IRA? Consider how much… [Read more]
What You Need to Know About the Moved IRS Deadline
IRS has extended the deadline for personal tax filings from April 15 to July 15. It has also extended the deadline for contributing to your 2019 IRA. So, if you have not contributed, you still have time. Trying to decide whether or not to contribute to your IRA? Consider how… [Read more]
Tax Deferral and the PPP Loan
As we, the team at Milikowsky Tax Law, have reviewed the newly released CARES Act and Paycheck Protection Program, several places in need of further clarification in order to make them as effective as possible for small businesses have arisen. On April 10, the IRS answered a few frequently asked… [Read more]
SBA PPP and Fintech, the next wave of funding
The Paycheck Protection Program (PPP) funds were exhausted within the first 2 weeks of the program. TOmorrow, April 23rd, 2020, Congress will release another $310Billion for teh SBA to offer to small businesses as a forgivable loan to cover payroll and keep workers in their jobs. In less than two… [Read more]
Delayed tax filings & payments
The coronavirus pandemic has taken a toll on the economy, and the effects have been undoubtedly felt across the world. Due to the widespread economic hardships that have resulted from the stay-at-home orders and social distancing protocols to prevent the spread of COVID-19, many U.S. tax agencies are allowing additional… [Read more]
What is an EDD Benefit Audit?
If you’re a business based in California, you’ve likely had dealings with the Employment Development Department (EDD). It is the responsibility of the EDD to collect payroll taxes and it conducts payroll tax audits of companies and businesses. In addition, the EDD conducts what’s called Unemployment Insurance (UI) benefit audits…. [Read more]
SBA PPP Runs Out of Funding
The Paycheck Protection Program—part of the multi-trillion dollar CARES Federal Stimulus package meant to offset the massive economic slowdown associated with the COVID-19 pandemic—is running into challenges as it tries to actually deliver the promised funding. “The SBA is currently unable to accept new applications for the Paycheck Protection Program… [Read more]
IRS sends money instead of receiving money this April 15th
For most Americans, April 15th is no day for celebration. We pay our taxes, dutifully (if somewhat begrudgingly from time to time) and get on with the business of, well, business. Today, many of the same Americans who, April 15th after April 15th have SENT money to the IRS, have… [Read more]
