If you’ve decided to close a business, it’s important to take care of your Federal tax obligations. In this article, we’ll outline the requirements of closing a business as well as the information that your accounting team will need to help you through the process.[...]
Easy to Implement Tips to Set Up a Cashless ATM for Your Cannabis Business In the growing cannabis market, cash is key. Like it or not, federal laws push many marijuana-related businesses into mainly cash transactions. But dealing with cash can bring about its own[...]
Overview On Oct. 2, 2020, the Small Business Administration (SBA) issued Procedural Notice 5000-20057, which outlines the required notification and consent procedures for changes in ownership of borrowers of Paycheck Protection Program (PPP) loans. This SBA guidance provides further clarification on when SBA consent is[...]
When you’re developing your estate plan, one powerful tool to consider is a charitable remainder trust (CRT). A CRT may enable you to reduce your liability for income and estate taxes and diversify your assets in a tax-advantaged manner. How Charitable Remainder Trusts (CRT) Work[...]
A company called Corporate Records Service has mailed solicitations titled “2013 – Annual Minutes Form” to corporations in Missouri, as well as other states. The company is offering to complete corporate meeting minutes on behalf of the corporation for a fee. The solicitations are being[...]
A client of ours was recently forming a partnership with another individual. The two individuals had a desire to form a partnership of equals but only one partner had the ability to contribute cash. Our client wanted to know if it was possible to contribute[...]
The U.S. Small Business Administration (SBA) is a federal government agency that administers loan guaranty programs and other support services to encourage growth and development of small businesses throughout the United States. Since its founding on July 30, 1953, according to the Federal Government, the[...]