LIBOR Changes SOFR/BSBY

By Debra HoganChanges are fast approaching and here is what you need to be aware of.Why the changes? After the 2008 financial crisis and later…

SBA Questionnaire for PPP Loans in Excess of $2 Million

by Scott Lewis, CPA, MSAThe PPP loan program was signed into law to provide relief to small businesses during the coronavirus pandemic as part of…

Final Tax Regulations on Entertainment and Meals as Business Deductions

by Scott Lewis, CPA, MSAOn October 2, 2020, the IRS issued their final regulations on the deductibility of business entertainment and food and beverage expenses.…

Final Regulations on Bonus Depreciation from IRS and Impact for Dealerships

by Scott Lewis, CPA, MSAThe last set of final regulations from the IRS to implement the 100 percent additional first-year depreciation deduction, or bonus, was…