• Email: [email protected]
  • Call us: (303) 318-0115
  • Hours: 7:30 am - 5:30 pm Mon - Thurs; 7 am - 12 pm Fri

Blog

HUGHES & COMPANY LLC BLOG

 


Fortunate enough to get a PPP loan? Forgiven expenses aren’t deductible

The IRS has issued guidance clarifying that certain deductions aren’t allowed if a business has received a Paycheck Protection Program…
CONTINUE READING

Clarifications of FAQs for the SBA Paycheck Protection Program Application

Clarifications of FAQs for the SBA Paycheck Protection Program Application Please be advised that the Small Business Administration (SBA), in…
CONTINUE READING

PAYROLL PROTECTION PROGRAM – The time to act is NOW!

Paycheck Protection Program Application & Information On Friday, March 27, 2020, the President signed the Cares Act into law.  As…
CONTINUE READING

COVID-19 BUSINESS PROVISIONS

COVID-19 BUSINESS PROVISIONS IRS Extends Filing and Payment Deadline The 2019 income tax filing and payment deadlines for all taxpayers…
CONTINUE READING

COVID-19 INDIVIDUAL ASSISTANCE

COVID-19 INDIVIDUAL ASSISTANCE IRS Extends Filing and Payment Deadline The 2019 income tax filing and payment deadlines for all taxpayers…
CONTINUE READING

Putting the finishing touches on next year’s budget

By now, some businesses have completed their 2021 budgets while others are still crunching numbers and scrutinizing line items. As…
CONTINUE READING

Hit the target with your email marketing

Online retail sales have been booming during the COVID-19 pandemic. This trend has been driven not only by the buying…
CONTINUE READING

Understanding the passive activity loss rules

Are you wondering if the passive activity loss rules affect business ventures you’re engaged in — or might engage in?…
CONTINUE READING

The 2021 “Social Security wage base” is increasing

If your small business is planning for payroll next year, be aware that the “Social Security wage base” is increasing.…
CONTINUE READING

Reviewing your disaster plan in a tumultuous year

It’s been a year like no other. The sudden impact of the COVID-19 pandemic in March forced every business owner…
CONTINUE READING

Divorcing couples should understand these 4 tax issues

When a couple is going through a divorce, taxes are probably not foremost in their minds. But without proper planning…
CONTINUE READING

Inventory management is especially important this year

As year-end draws near, many businesses will be not only be generating their fourth quarter financial statements, but also looking…
CONTINUE READING

Employers have questions and concerns about deferring employees’ Social Security taxes

The IRS has provided guidance to employers regarding the recent presidential action to allow employers to defer the withholding, deposit…
CONTINUE READING

IRS announces per diem rates for business travel

In Notice 2020-71, the IRS recently announced per diem rates that can be used to substantiate the amount of business…
CONTINUE READING

Prioritize customer service now more than ever

You’d be hard-pressed to find a business that doesn’t value its customers, but tough times put many things into perspective.…
CONTINUE READING