Jan 7, 2021 | Entrepreneur & Family Owned Businesses, Family Owned Businesses, International, Tax
Exemption For U.S. citizens and U.S. domiciliaries – the maximum estate tax rate is 40 percent with an exemption amount for 2021 of $11,700,000, indexed for inflation. For non-U.S. domiciliaries subject to the U.S. estate tax – the maximum estate tax rate is...
Nov 20, 2020 | Entrepreneur & Family Owned Businesses
On Thursday Nov. 19th, Business Oregon opened applications for the Emergency Small Business Assistance Fund at 3pm. Within 30 minutes the application window had closed. Based on initial funding requests, all $20 million has been spoken for. However, the agency will be...
Nov 13, 2020 | Entrepreneur & Family Owned Businesses, Family Owned Businesses
California Assembly Bill 85 was signed by the Governor on June 29, 2020. It disallows a California net operating loss (NOL) deduction for any taxable year beginning during 2020, 2021 and 2022. The disallowance applies only to taxpayers with taxable income or...
Aug 12, 2020 | Center for Public Company Excellence, Entrepreneur & Family Owned Businesses, Public & Investor Backed
In January 2018 public companies, and in January 2019, all companies will have to apply the new definition of a business (Update No. 2017-01; ASC 805). The new guidance includes a two-step process which will simplify the legacy application guidance which deemed to be...
Jul 14, 2020 | Entrepreneur & Family Owned Businesses
As banks begin allowing borrowers to apply for PPP loan forgiveness, many business owners are rushing to the front of the line to apply. Are you maximizing forgiveness? The rules have changed nearly every two days but the experts at SL are ready to help. How...
May 14, 2020 | Entrepreneur & Family Owned Businesses, Family Owned Businesses
Good news with the recent FAQ’s # 45, #46, and #47. All of you with loans under $2M will be deemed to have made the loan request in good faith. Those with loans above $2M and when reviewed, if it is determined that the request was not in good faith, the lender will...
