S

Careful electing your business partners – S Corporation shareholder liable for stolen funds
Gallery
Careful electing your business partners – S Corporation shareholder liable for stolen funds

Business, Individuals

Careful electing your business partners – S Corporation shareholder liable for stolen funds

You need to be extremely careful on how you get in business with. You might end up being liable for ghost income, funds stolen from your partners and many other issues. In the Maggard v. Commissioner, (TC Memo 2024-77), James Maggard co-founded an engineering consulting partnership, the initial co-partner left buying him out, and then,

By Victor Garrido, CPA, EA|2025-01-07T07:50:06+00:00December 23rd, 2024|Categories: Business, Individuals|Tags: abused, Accounting services near me, bill, Commissioner, corporation, divorced, liable, Maggard, property, S, sale, spouse, tax, Veeraswamy|

New PPP forgiveness applications released on Jan 19, 2021 – Under $150k no submission of support
Gallery
New PPP forgiveness applications released on Jan 19, 2021 – Under $150k no submission of support

Business

New PPP forgiveness applications released on Jan 19, 2021 – Under $150k no submission of support

In some of our previous posts, we mentioned that the financial institutions, Chambers of Commerce, small business groups, etc. were pushing for the increase of the threshold of form 3508 from the initial amount of $50,000 to the $150,000. In fact, some of the financial institutions stopped the forgiveness process intake (or never started it)

By Victor Garrido, CPA, EA|2025-01-10T06:04:19+00:00January 19th, 2021|Categories: Business|Tags: $150k, 3508, Accounting services near me, CPA near me, EZ, PPP, S, sba|

This website uses cookies and third party services. Settings Ok

Cookie Customization Third Party Embeds

YouTube
Facebook
Flickr
Twitter
Google Maps

Tracking Cookies

Tracking Cookies