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Tax Changes for Property Improvements and Business Losses

Tax Changes for Property Improvements and Business Losses

Some long-awaited great news for commercial property and business owners: The CARES Act that was passed in response to the COVID-19 pandemic includes technical corrections and additional modifications to the 2017 Tax Cuts and Jobs Act. If you’ve made commercial...

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Lose Money on a Vacation Rental This Year?

Lose Money on a Vacation Rental This Year?

Travel and tourism spending in Texas dropped 86% over the quarter. If you own a vacation rental property, you’re feeling that sting. Maybe your rental income plummeted and has yet to recover. Perhaps summer has brought back renters, and revenue has swung back up. Or...

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Financially Surviving A Downturn

Financially Surviving A Downturn

While the current economic distress we’re facing is due to an unprecedented chain of events, there are lessons from past downturns that can be applied as well as new opportunities — from tax credits to forgivable loans — that you can consider. You can start by taking...

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Financially Surviving A Downturn

Financially Surviving A Downturn

While the current economic distress we’re facing is due to an unprecedented chain of events, there are lessons from past downturns that can be applied as well as new opportunities — from tax credits to forgivable loans — that you can consider. You can start by taking...

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PPP Loan Forgiveness: Critical Steps to Take

PPP Loan Forgiveness: Critical Steps to Take

(Updated as of June 16, 2020) The SBA revised the PPP loan forgiveness application and introduced an EZ form for certain qualifying businesses including those who are self-employed and those who did not cut back employee pay by more than 25%. In addition, for...

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