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2021 Wayfair Update: The Audits Are Coming

By Brandon McCafferty, JD/MBA Senior Manager On June 21, 2018, in South Dakota v. Wayfair Inc., the Supreme Court ruled that South Dakota could compel out-of-state vendors to collect in-state sales tax if they had more than 200 transactions or $100,000 in sales over...
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Employee Retention Payroll Tax Credit

We’d like to inform you of a possibly significant tax credit expanded to many businesses under the “COVID-19 Bill” recently passed by Congress. An employee retention...
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New Stimulus Package Passed December 27, 2020

On December 27, 2020, the President signed the Consolidated Appropriations Act, 2021, a massive tax, funding, and spending bill that contains a nearly $900 billion coronavirus...
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KEYS TO YEAR-END TAX SAVINGS FOR BUSINESSES

Whatever 2021 holds, these tips can help lower your tax liability 2020 has been an unpredictable year. Businesses have faced all-encompassing challenges ranging from protecting employee...
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FORGIVENESS OF PPP LOANS MAY REDUCE R&D CREDIT

The forgivable loan program known as the Paycheck Protection Program (PPP) was established by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to provide financial resources to small and mid-size businesses to enable them to maintain payroll and cover certain expenses during the coronavirus pandemic. PPP...
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ELECTION OUTCOME UPDATE: TAX POLICY POST-2020 ELECTION

We now know the results for the White House (pending the final vote count and resolution of legal challenges) and House of Representatives races, which possibly...
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S. Mark Hand & Associates, P.A. Joins Hancock Askew & Co. in Jacksonville, Florida

Jacksonville, FL (November 9, 2020) – Hancock Askew & Co., LLP, a regional full-service tax, audit, accounting and advisory firm is excited to announce that S. Mark...
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The Proper Care and Feeding of Your S Corporation

Diligence required to avoid inadvertent termination and loss of tax benefits The S corporation continues to be a popular entity choice, combining the liability protection of...
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5 Tips for Safe Intrafamily Loans

If a relative needs financial help, offering an intrafamily loan might seem like a good idea. But if not properly executed, such loans can carry negative...
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Is a Roth IRA conversion right for you this year?

The COVID-19 pandemic has been causing havoc in the global markets and the U.S. economy. In these uncertain times, it’s important to stay on top of...
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