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The global COVID-19 pandemic has not only killed hundreds of thousands of individuals and sickened countless others, it has also spawned a host of scams, with criminals hoping to capitalize on people’s fears and the uncertain economic times. The Internal Revenue Service is cautioning taxpayers to be alert to fraud attempts and other financial scams[…]

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Republished with permission. If the pandemic completely changed what a day at work looks like for you, you’re not alone. 20 percent of working adults have transitioned to remote work due to COVID-19.1 Adapting to this new workspace isn’t easy, particularly with many companies forced to cut pay in order to preserve non-essential employees. And this[…]

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As business owners prepare for reopening amid ongoing concerns about COVID-19, a careful consideration of risks is critical, as are prevention practices. Among the many factors business leaders must examine to protect their employees, colleagues, and, in some cases, the public, is following the Centers for Disease Control and Prevention guidelines. Experts in the field[…]

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The PPP Flexibility Act passed both the House and the Senate Wednesday and is expected to be signed by the President Thursday.  The Act provides additional relief to business that may not have qualified for full forgiveness under the current law.  Here is a summary of the changes to PPP loan forgiveness. Extension of 2-year repayment period to 5 years.  PPP loans[…]

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Across the country, the number of people who define themselves as self-employed is growing. In 2019, the Bureau of Labor Statistics estimated there are 16 million self-employed in the United States. While taxes for the self-employed are similar to those of other business owners, there are some issues that should be considered through a somewhat[…]

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