Steps to Reduce Being Considered for Fraud in an AuditJuly 3, 2020The SBA PPP loan was created to help support small businesses that would have otherwise disappeared due to COVID-19. Now that these funds have been widely disbursed, the federal government is stepping it. They are taking action to check on the recipients, their actual need and whether or not their READ MORE...
One major red flag to watch out for if you take cash out of your IRA under the CARES ActJune 29, 2020Heads up — while you are now allowed to take up to $100,000 out of your IRA and pay it back within three years with no tax hit, doing so may have some hidden consequences that you likely have overlooked initially. The Internal Revenue Code calls these tax-favored withdrawals “coronavirus-related READ MORE...
