Author: shayame@sw-cpa.com

What You Need to Know about Additional Opportunity Zone Relief Available due to COVID-19 Pandemic Qualified Opportunity Funds (“QOF”) and their investors have been working diligently to try and meet certain time-sensitive deadlines in order to comply with various Opportunity Zone rules. Due to the COVID-19...

New Law Provides Welcome Modifications to PPP Congress has acted to change the Paycheck Protection Program (“PPP”) including to relax PPP Loan Forgiveness rules with the goal of making it easier for many businesses to qualify for loan forgiveness on a larger portion of their loans....

Logistical analysis and multi-state tax advisory leads to business growth for pool industry company.   Universal White Cement (Universal) was started 1995 by Randy Liljenquist and several partners with cement additives they developed for the pool industry, Universal Blended White Cement™. Since then, Universal has developed a...

Businesses that acquire, construct or perform capital improvements to buildings could find additional deduction benefits through a cost segregation study. It is a strategic tool to accelerate depreciation expense. Combining tax accounting and engineering techniques allows the acceleration of certain depreciation costs, therefore reducing tax...

Multi-Phase Business Growth and Asset Sale Leads to New Entity Consulting   Robert Davies, Managing Director of Ferrin-Tech, LLC, has worked with Schmidt Westergard on a variety of tax, audit, compliance and business transactional needs since about 2011.  With more than 30 years of executive and financial leadership...

IRS Guidance Issued Regarding Meals and Entertainment Deductions   The IRS has issued some much-anticipated guidance on Section 274, which was significantly impacted by of the Tax Cuts and Jobs Act of 2017 (Tax Act), addressing meals and entertainment deductions. Significant tax law changes are affecting which...