On December 27, 2020, the Consolidated Appropriations Act (CAA) was signed into law. It’s designed to provide ongoing government, individual and small business support during the COVID-19 pandemic. A large portion of the CAA deals with tax benefits, grants and loans as well as changes to the federal tax law. Tax services in Jamestown, ND […]

If you’ve been receiving unemployment benefits during the COVID-19 pandemic, you might be getting additional benefits under the Coronavirus Aid, Relief and Economic Security (CARES) Act. Pandemic Unemployment Assistance (PUA) has made it possible for people who wouldn’t normally qualify for unemployment (such as independent contractors, self-employed people, some business owners and more) to receive […]

Can a business commingle funds in Jamestown, ND? Unless you like headaches, confusion and potential legal trouble, the answer is an unequivocal “no.” Many business owners—especially sole proprietors—are busy and overwhelmed, so they use their personal accounts for business purposes, or vice versa. While it might be understandable, it’s generally a terrible idea. Read on […]

What kind of business structure is the best choice for your company? When they have a successful small business, many owners decide incorporation is the next step. Not only does it help protect their personal finances (depending on the structure they choose), but it can also lessen their tax liability. What are the benefits of […]

Due to the outbreak of the novel coronavirus, COVID-19, millions of United States residents have been forced to shelter in place in recent months, and the result has been a tremendous downturn in the U.S. economy. As businesses in every sector of the economy struggle just to keep the lights on, however, there is a […]