By Jeremy Kiecker, CPA The saying “hindsight is 20/20” has never rang truer than in 2020. It’s safe to say no one planned for a global pandemic. But now that we’ve been hit with one, we’ve seen firsthand how it’s impacted businesses across a number of industries, including those within the audiology industry. Because PWB specializes in serving the audiology industry, we’ve had a front-row seat to the struggles audiology practice … [Read more...]
Your Next Steps in the PPP Loan Forgiveness Process
The Small Business Administration (SBA) began accepting PPP loan forgiveness applications in August and began approving them in early October. As you navigate the next steps in the forgiveness process, here are a few things to consider. New $50,000 forgiveness limit Recently, SBA and U. S. Treasury announced a simplified forgiveness process for recipients of Paycheck Protection Program (PPP) loans of $50,000 or less. Included with the … [Read more...]
Answers To Your Payroll Tax Deferral Questions
By Christina J. Herzog, CPA In August, the President of the United States released a memorandum implementing a payroll tax deferral that is effective for payroll paid during the period September 1, 2020 through December 31, 2020. There were a lot of questions and confusion about this program when the memo was issued, and recently the IRS issued Notice 2020-65 (the Notice) providing additional guidance. The following questions and answers … [Read more...]
Helpful Links To COVID-19 Resources
PWB is providing helpful links to COVID-19 resources for individuals and businesses. We will update it regularly. As always, we're in this together. … [Read more...]
Tax Tips for Managing a Loved One’s Estate
By Susan M. Nash, CPA, MBT Managing a loved one’s estate is a tremendous responsibility. If this has fallen on your shoulders, it can be overwhelming, especially if you’ve never been in this role before. One thing you can do to make your job easier is to pay close attention to tax filing requirements. Yes, that’s right—you could be required to file multiple tax returns on behalf of the decedent’s estate. It’s important to file these … [Read more...]
