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Blog Month: June 2020

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Will Your Recordkeeping Help You Survive an Audit?

Whether you are a new or a well-established business, maintaining good business records is essential to supporting your business income and tax deductions. Good recordkeeping means you also claim the

PPP Flexibility Act and Revised Forgiveness Application

On June 17, 2020 the U.S. Small Business Administration (SBA), released a revised Paycheck Protection Program (PPP) loan forgiveness application implementing the PPP Flexibility Act, as well as an EZ
person holding pen pointing at the word "outsourcing"

5 Tips for a Successful Outsourced Accounting Relationship

When you outsource your accounting, you’re forming a connection with someone who can not only handle the books, but also help your company reach its goals. The better your relationship

The New Normal of Internal Controls

How should I adjust my internal controls while working remotely? It’s no surprise that one of the most commonly asked questions our assurance department receives from clients lately is “how

Wisconsin Farm Support Program

Are you a farmer with gross income from Farming in 2019 of at least $35,000 but less than $5,000,000?  Have you suffered economic damages in 2020 from COVID 19? Follow

Are my Medicare Premiums Deductible?

In these uncertain times (especially with the pandemic), health insurance and medical coverage has become an important issue.  Seniors over the age of 65 can apply for and be covered

We’re All In Small Business Grant

The Wisconsin Economic Development Corporation (WEDC) will issue 30,000 grants of $2,500 to Wisconsin small businesses to help them get back on their feet amid disruptions caused by the COVID-19

Paycheck Protection Program Flexibility Act Approved by Senate

On June 3rd, the Senate passed the Paycheck Protection Program Flexibility Act.  The bill now awaits the president’s signature.  The bill includes some much needed changes that will help businesses

Can my nonworking spouse contribute to an IRA?

When one spouse does not work outside of the home, it can be hard for married couples to save for retirement especially if they are caring for their children or

2021 Health Saving Account (HSA) Limits Compared to Prior Years

An HSA is an account set up for the purpose of paying the “qualified medical expenses” of an “account beneficiary.” An HSA can only be established if you have a