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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…
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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…
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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…
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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…
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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…
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Hughes & Company joins top 20 firm Wipfli

Hughes & Company announced today that the firm has joined Wipfli, a top 20 national accounting and consulting firm that…
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Should you add a technology executive to your staff?

The COVID-19 pandemic and resulting economic impact have hurt many companies, especially small businesses. However, for others, the jarring challenges…
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The importance of S corporation basis & distributions

S corporations can provide tax advantages over C corporations in the right circumstances. This is true if you expect that…
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Maximize your 401(k) plan to save for retirement

Contributing to a tax-advantaged retirement plan can help you reduce taxes and save for retirement. If your employer offers a…
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Should you add a technology executive to your staff?

The COVID-19 pandemic and resulting economic impact have hurt many companies, especially small businesses. However, for others, the jarring challenges…
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Taking distributions from a traditional IRA

Although planning is needed to help build the biggest possible nest egg in your traditional IRA (including a SEP-IRA and…
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Lessons of 2020: Change management

The year 2020 has taught businesses many lessons. The sudden onset of the COVID-19 pandemic followed by drastic changes to…
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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…
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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…
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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?…
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