by Scott A. Meyer – The American Families Plan currently being considered by Congress has a dangerous new component that would require banks to significantly expand what they have to report to the IRS, including account balances and all transfers in and out of accounts. The purpose behind the proposed change is to provide more …
by Scott A. Meyer – Special tax deadline for Texas counties hit by the severe winter storm As a result of the designation of our geographic area for federal disaster relief because of the severe winter storm that hit most of Texas and surrounding states in mid-February (Federal Disaster Declaration 4586), June 15, 2021 is …
by Scott A. Meyer – For those clients who understand the value of registered trademarks and copyrights as part of their intellectual property portfolios and the added goodwill positively impacting the value of their businesses, we’ve got even more good news for you. In addition to the added options to enforce your intellectual property rights …
by Scott A. Meyer Is your business reporting to credit agencies during the COVID-19 pandemic? As you are no doubt already aware, the Fair Credit Reporting Act requires that Equifax, Experian and TransUnion provide consumers with one (1) free annual report every twelve (12) months. We have recommended for some time to our clients that …
by Scott A. Meyer If your business has been impacted by COVID-19 measures, should you make a Business Interruption insurance claim? Most common insurance policies’ business interruption coverage is only triggered if the business interruption results from “direct physical loss or damage” such as from a tornado or fire. Unfortunately, most insurance carriers tend to …
Paycheck Protection Program (PPP) vs Full Economic Injury Disaster Loan (EIDL) We previously sent out a notice that, under the CARES Act that was just passed, borrowers can receive $10,000 in an emergency grant cash advance (an “Advance”) as part of the Economic Injury Disaster Loan (EIDL). While the Advance will still be forgiven if …
The CARES Act The US government has just passed the CARES Act to help small businesses (under 500 employees) stay afloat. You should consider applying for a $10,000 SBA Economic Injury Disaster Loan (EIDL). SBA Economic Injury Disaster Loan (EIDL) The CPAs we work with recommend it for all small businesses – but please consult …
By Scott A. Meyer. We’ve all seen the Peloton exercise bike commercials with the physical fitness models laughing and enjoying their way to perfect bodies using Peloton equipment. Unfortunately for Peloton Magazine, they weren’t paying attention enough. While obtaining a trademark registration with the United States Patent & Trademark Office (“USPTO”) is basically required in …