All the latest news, insights, small business tips, bookkeeping services and accounting technology for small business owners and accounting professionals.

IRS nonpayment notices

IRS Nonpayment Notices

The Internal Revenue Service has finally responded to a large number of complaints regarding incorrect unpaid tax notices. As a result, the mailing of three types of nonpayment notices have been suspended. At a time when mailing in the United States has become its own issue, complications have also arisen ...
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New Tax Principal Saves Client Thousands

John Goss uncovers an Anomaly That Saves Client Thousands

As CKH continues to expand our practice and attract top talent, we recently brought on board a new Tax Principle, John Goss. John comes to us with over twenty years of indirect tax experience gained during his tenures in Big 4 public accounting and with well-known global companies like Newell ...
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why you should have a trust fund

Why You Should Have a Trust Fund

As the tax season comes to a close, many look for ways to diversify their assets and plan their estate. A trust, or trust fund, is an estate planning tool that forms a legal entity to hold property or assets for a person or organization that is managed by a ...
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College Article Image

Five Financial Steps Following Graduation

There are many changes following a college graduation. Moving away, finding a new job, the perfect apartment/house, etc. But you shouldn’t have to worry about your taxes. These steps allow you to understand how you should be filing, mistakes to avoid, and benefits that will help you in the long ...
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returning-to-business-safely

Returning to Business Safely

As businesses are starting to return to normal, many questions arise in regards to health,safety, and sanitation in the workplace. Business owners and managers are doing everything they can to ensure a safe environment for their customers and employees, and it’s important to stay informed on how best to do ...
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Federal Pandemic Unemployment Assistance (PUA)

Pandemic Unemployment Assistance (PUA)

COVID-19 has proven to affect not only people’s health, but also current employment opportunities for many. The federal/state governments have recently implemented the Pandemic Unemployment Assistance (PUA) program to assist those who would normally be ineligible to receive benefits. Such person’s include: Self-employed individuals Gig economy workers 1099 independent contractors ...
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Cheque in american dollars

Paycheck Protection Loans

The SBA has enacted a variety of available loans, credits, and programs that can help small businesses and individuals through these difficult times. One such solution comes in the form of Paycheck Protection Loans. These loans are part of an act that provides $349 Billion to be administered through Section ...
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CKH - Balance Sheet, Profit and Loss Statement

Business Payroll Tax Measures

Due to the growing economic impact of the virus COVID-19, the federal government is implementing a variety of relief programs. Please see additional info below. The Employee Retention Credit relief program for employers is described as being a 50% refundable payroll tax credit for qualifying wages paid by employers. The ...
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CKH - COVID-19 - Business Newspaper

COVID-19 Response for Small Businesses

Due to recent developments in regards to the temporary closing of many private business functions across the nation, the Small Business Administration (SBA) has provided an option for Low-Interest Federal Disaster Loans. The purpose of these loans is to provide working capital to small businesses undergoing substantial economic injury as ...
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