If You’re an Automotive Repair Shop Owner And Want Keep More Money In Your Bank Account – Read This

If You’re an Automotive Repair Shop Owner And Want Keep More Money In Your Bank Account – Read This

Many small businesses use the owners personal checking account for all of their business transactions. This can cause problems when it comes time to balance the books, pay taxes, and create an bookkeeping nightmare. Piercing the Corporate Veil Another, perhaps more critical consideration is that using a personal account for business has the potential of […]

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CARES Act: Guidance for taxpayers with net operating losses

In 2017, the Tax Cuts and Jobs Act eliminated carrying back of Net Operating Losses (NOLs). However, with recent economic hardships from the Coronavirus, new provisions in the CARES act now waive that and businesses can now carry back a NOL arising in a taxable year beginning after Dec. 31, 2017, and before Jan. 1, […]

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