FEATURED ARTICLES & TAX TIP BLOG
Welcome to the KM&M CPAs Featured Articles & Tips Blog. Here we share tax and accounting news and tips for our clients on a regular basis. Please feel free to suggest ideas for topics you would like to see addressed, by dropping an email to kmm@kmmcpas.com. Enjoy the articles and subscribe to our newsletter for periodic email updates.
Coronavirus Assistance Checklist July 21, 2020 update
From the Pinnacle CPA Advisory Group, a KM&M CPAs affiliate — This checklist was prepared for our clients and friends as a quick way to identify eligible programs. Please contact us for the details by filling out our Contact form at this link. Many of the...
Amend a return? Worth considering during COVID
From the KM&M CPAs Newsletter / Thomson-Reuters— This may be the year to do what you normally avoid: filing an amended return Ordinarily, an amended tax return is only filed when an error or omission is discovered after a return has been filed. Even then, you...
Consider Adjusting Your Tax Withholding
From the KM&M CPAs Newsletter / Thomson-Reuters — No taxpayer likes to be surprised with a large tax bill (or a smaller-than-anticipated refund) come tax filing season. In many cases, this occurs because the individual didn’t adjust his or her tax withholding or...
Answering your questions about COVID and unemployment benefits
From KM&M CPAs / Thomson-Reuters — To Our Clients and Friends We hope this letter finds you well. Nothing is more important than the health and safety of you and your loved ones as you deal with the COVID-19 pandemic. The coronavirus crisis has had a wide-reaching...
SBA interim rule clarifies changes to PPP loan program
From the Pinnacle CPA Advisory Group, a KM&M CPAs affiliate — The Small Business Administration (SBA) issued a new interim rule on June 16, intended to provide clarity on recent legislative changes regarding the Paycheck Protection Program (PPP). Specifically, the...
Coronavirus Assistance Checklist, June 18 Update
From the Pinnacle CPA Advisory Group, a KM&M CPAs affiliate — This checklist was prepared for our clients and friends as a quick way to identify eligible programs. Please contact us for the details. Many of the details are not available yet from the government....
‘Flexibility Act’ makes favorable changes to PPP
From J.D. Supra — On June 5, President Trump signed into law H.R. 7010 – the Paycheck Protection Program Flexibility Act of 2020 (“PPPFA”). The PPPFA makes significant borrower favorable amendments to the Paycheck Protection Program (“PPP”). Background. As our readers...
PPP and Me Me Me: View our webinar on ‘forgiveness’ application
From KM&M and the Pinnacle CPA Advisory Group — Check out the recording of our latest webinar via Zoom, on the Payroll Protection Program for business owners. Dave Krebs, CPA, of the Pinnacle Group of KM&M and CPA Advisory Group presents “PPP for Me Me Me," a...
Business customers: You are invited to our May 29 webinar via Zoom
From the Pinnacle CPA Advisory Group — The Pinnacle Group of KM&M and CPA Advisory Group will stage “PPP for Me Me Me," a free live webinar from 4-5 PM Friday, May 29. Nationally recognized speaker on taxation and small business Dave Krebs, of our affiliate in...