• 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

New Info Published Last Night on the SBA Loan Program

Please be advised that additional provisions and clarifications were published last night regarding the Paycheck Protection Program that I thought…
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

The tax implications of employer-provided life insurance

Does your employer provide you with group term life insurance? If so, and if the coverage is higher than $50,000,…
CONTINUE READING

More parents may owe “nanny tax” this year, due to COVID-19

In the COVID-19 era, many parents are hiring nannies and babysitters because their daycare centers and summer camps have closed.…
CONTINUE READING

The possible tax consequences of PPP loans

If your business was fortunate enough to get a Paycheck Protection Program (PPP) loan taken out in connection with the…
CONTINUE READING

Assessing productivity as you cope with the pandemic

The COVID-19 crisis is affecting not only the way many businesses operate, but also how they assess productivity. How can…
CONTINUE READING

Attuning your social media strategy to the pandemic

Social media for business: Your time has come. That’s not to say it wasn’t important before but, during the novel…
CONTINUE READING

Why do partners sometimes report more income on tax returns than they receive in cash?

If you’re a partner in a business, you may have come across a situation that gave you pause. In a…
CONTINUE READING

Businesses revise sales compensation models during pandemic

Economists will look back on 2020 as a year with a distinct before and after. In early March, most companies’…
CONTINUE READING

Take advantage of a “stepped-up basis” when you inherit property

If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for…
CONTINUE READING

Business charitable contribution rules have changed under the CARES Act

In light of the novel coronavirus (COVID-19) pandemic, many businesses are interested in donating to charity. In order to incentivize…
CONTINUE READING