Home Office Deductions: A Refresher on the Rules

The Internal Revenue Code (IRC) allows taxpayers to claim a business deduction for expenses arising from the qualified use of all or part of a residence, as long as certain conditions are met. This deduction can be a particularly attractive tax planning tool for those...

Is the COVID-19 Pandemic Affecting Mergers?

Around the world, businesses are emerging from various pauses and lockdowns, some in better shape than others. Many businesses continue to grow and prosper, and many likely are doing so through a merger or acquisition. Others are looking to merge into or be acquired...

MCB Partners with SBIA to Present Webinar on PPP Flexibility Act: How It Alters Loan Forgiveness

On July 1, MCB principals Jude Covas, Matt Dwyer, Phil Busenitz and Cindi Park presented a webinar for clients and SBIA members seeking information about the PPP Flexibility Act and loan forgiveness. The principals gave an overview of the PPP Flexibility Act, which...

A Sales-Tax Primer for Pandemic-Affected Businesses

COVID-19 has triggered many brick-and-motar entities to to either strengthen or create their online presence. This, in turn, has forced them to address sales tax complexities they didn’t have to contend with when all sales were local. Understanding Sale Tax...

Paycheck Protection Program Deadline Extended to August 8

Less than 24 hours after the Paycheck Protection Program expired, the House approved a five-week extension, giving small businesses until August 8 to apply for the loan. The original deadline was June 30. The legislation will now go to President Trump to sign.  ...
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