02
Jul
Tax Planning Strategies
Key Takeaways
Tax planning is year-round: Waiting until December creates stress; ongoing planning yields better decisions and savi...
18
Jun
Small Business Bookkeeping
Key Takeaways
WCG offers a Fractional Controller service: Acts as your single point of contact while Bench handles the back-office...
22
Nov
PPP Loan Forgiveness is Taxable Income Today
Key Takeaways
PPP loans are taxable in a roundabout way: While the loan itself isn’t income, expenses paid with PPP funds cannot b...
08
Jul
C Corp vs S Corp
Key Takeaways
S Corp vs C Corp: Switching from S Corp to C Corp mainly for the 21% corporate tax rate is generally a bad idea due ...
17
Jun
PPP Loan Forgiveness Calculation
Key Takeaways
PPP Overview: The Paycheck Protection Program (PPP) provided forgivable loans to small businesses to cover payroll, ...
06
May
SBA PPP Loan Forgiveness
Key Takeaways
This post focuses on frequently asked questions about PPP loan forgiveness, not on calculating the loan amount.
M...
28
Mar
Paycheck Protection Program
Key Takeaways
The Paycheck Protection Program (PPP) is a $350 billion SBA loan program created under the CARES Act to help small b...
21
Mar
COVID-19 Benefits
Key Takeaways
More family time as people stay home, reconnect, and enjoy simple activities together.
Schools are shifting to on...
17
Mar
2019 Income Tax Payments Extended by IRS
Key Takeaways
Federal tax filing and payment deadline for 2019 extended from April 15 to July 15, 2020.
Interest and penalties ...
15
Mar
Online Tax Accountant
Key Takeaways
Online tax accounting makes filing simple, secure, and contactless.
WCG has been offering remote tax preparation ...