The popularity of blockchain and cryptoassets such as bitcoin has increased significantly over the past few years, as has their utility. Cryptoassets have become more mainstream, as… Read more “Cryptoasset mining and state tax incentives”
Tag: Business
IRS updates car and truck depreciation limits
The IRS issued its annual inflation-adjusted update of depreciation limitations for passenger automobiles (including passenger vans and trucks) placed in service in 2021 (Rev. Proc. 2021-31). The… Read more “IRS updates car and truck depreciation limits”
SBA streamlines forgiveness process for most PPP loans
The U.S. Small Business Administration (SBA) published new guidance Wednesday designed to simplify and speed up the forgiveness process for businesses and not-for-profits with Paycheck Protection Program… Read more “SBA streamlines forgiveness process for most PPP loans”
CPAs and the historic Paycheck Protection Program
We passed a major milestone in pandemic economic recovery recently — the closeout of the loan application period for the Paycheck Protection Program (PPP), which ended May… Read more “CPAs and the historic Paycheck Protection Program”
IRS releases final rules on business meals and entertainment
The IRS on Wednesday issued final regulations (T.D. 9925) implementing provisions of the law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, that disallow… Read more “IRS releases final rules on business meals and entertainment”
