The Paycheck Protection Program Loan: What You Need to Know About the PPP Loan Forgiveness Application
It’s no secret that the coronavirus has substantially impacted our economy. If you’re a business owner, chances are you applied for one of the business relief programs that were made available as part of the CARES Act (Coronavirus Aid, Relief, and Economic Security...
Client Feature: Dick Powell of Powell Petroleum
Dick grew up in an entrepreneurial household with a father who worked full-time as a farmer and operated a trucking company as a second business. Dick graduated from Iowa State University with a BS degree in Agriculture. Upon graduation, he accepted a job with Amoco Oil in the fertilizer manufacturing business. While at Amoco, Dick served as the bridge between Amoco and the petroleum marketers who re-sold Amoco petroleum products.
I Can’t Afford My Tax Bill, What Now?
When tax time rolls around, you may be wondering, “what happens if I can’t afford my tax bill?” Perhaps you file on time but know you won’t be able to pay your bill in full. Or, maybe you weren’t expecting a tax bill at all and don’t have enough money saved to pay. If...
A Guide to Tax Deductions & 3 Common Deductions to Take
When tax time rolls around and your bill starts adding up, tax deductions can be a big money saver. As long as you know what they are and how to take advantage of them. Here’s a quick guide to tax deductions and the three most common deductions to take. What is a Tax...
End-of-Year Tax Tips for Businesses
December is known for its celebrations, reflections, and planning. If you’re a business owner, you’re likely setting revenue goals for next year, buying holiday gifts, and planning out any big purchases or investments. As you close out your books for the calendar...
Tax Tips for Major Life Changes
Generally, it’s rare for people to think about their taxes when major life changes occur, and understandably so. Paperwork is the farthest thing from the minds of those who just got married, had a baby, or bought their first home. Though your tax filing status or the...
Tips for Planning Your 2020 Business Strategy
One of the biggest mistakes business owners can make is not dedicating enough time for business strategy and future planning. When this happens, companies miss out on opportunities to protect their revenue and maximize their growth. By taking a step back, reviewing...
Client Spotlight: Majestic Floors and More, LLC
“Majestic Flooring and More now has even more. The flooring shop that opened in Waunakee in 2015 at the Village Mall has been in operation since May in its new, larger storefront between Associated Bank and the Dollar Tree.
Time of the Season: Withholding Checkup
Why you need to adjust your tax withholding now Withholding taxes from your paycheck correctly can be a tricky process – if you withhold too little, you receive a bill at the end of tax season (one that, statistically, only 40% of Americans can afford to pay)....
I filed my taxes wrong: How do I fix my mistake?
Mistakes happen: you forget about your side-job income, forget to declare a dependent or forget to include important documents in your tax return. Perhaps your filing status changed, or you didn’t claim a key deduction. The quickest way to remedy the issue is...
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