Stay-at-home orders across the U.S. have paused revenue streams for 30 million small businesses, resulting in massive employee-layoffs during the COVID-19 crisis. The Small Business Administration … [Read more...] about Paycheck Protection Program (PPP) Loans Poised to Pump $349 Billion into Small Business
A lot of business gets done outside of the office -- over lunch, on the golf course, etc. The tax law allows deductions for business meal and entertainment expenses only if specific requirements are … [Read more...] about The Rules for Meal and Entertainment Deductions
Planning Is Everything Are you a business owner who wants to retire someday? Would you like to see the business continue after your departure with younger family members and/or other key … [Read more...] about Steps to Creating a Continuation Plan for Your Business
You've finally found a buyer for the rental property, land, or business you've been trying to sell but the buyer doesn't have enough cash to pay the full purchase price in a lump sum. So you agree to … [Read more...] about How Do Installment Sales Affect Your Tax Bill?
At The Neal Group, LLC, a Milwaukee accounting firm we know that proactive tax planning is critical to minimizing your tax liabilities. When you work with us we make tax planning part of your overall … [Read more...] about Tips For Staying One Step Ahead of Tax Issues
If profits are up and the projections look good for the next month or two, should you kick back and relax? Maybe not. No matter how positive other signs may be, if you’re not keeping a close eye on … [Read more...] about Why it is Important to Keep and Eye on Your Cash Flow