Category Archives: Uncategorized

Filing for the Employee Retention Tax Credit

Posted on November 14, 2022 by Carol

I have received many client inquiries about the Employee Retention Credit (ERC), part of the relief package passed by Congress to help small businesses deal with the coronavirus pandemic. A refundable government tax credit, the ERC enabled employers to continue … Continue reading →

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From Carol McAtee, CPA, Principal of McAtee & Associates, CPAs, PA

Posted on November 4, 2022 by Carol

AFTER HURRICANE IAN:Casualty Losses to Business Property One of my previous blog posts covered casualty losses to residential property due to a Federally declared disaster like Ian. In this post, I am addressing casualty losses to business properties. The issues … Continue reading →

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From Carol McAtee, CPA, principal of McAtee & Associates, CPAs, PA

Posted on October 17, 2022 by Carol

Helping Employees with Hurricane Ian Recovery:Non-Taxable Disaster Relief Payments Many of my clients and associates are involved in the Hurricane Ian relief and recovery efforts in one way or another, through company or personal donations of money, supplies or volunteer … Continue reading →

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From Carol McAtee, CPA, principal of McAtee & Associates, CPAs, PA

Posted on October 3, 2022 by Carol

Tax Law Changes for Tax Year 2022: Ten Tax Law Changes You Should Know About The 2022 tax season is months away, but it’s a good time for you to be aware of some changes that may affect your 2022 personal … Continue reading →

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RIOTS-20 Hillsborough County – Rebuild Community-Based Businesses Grant Program

Posted on June 6, 2020 by Carol

  BE ON THE LOOKOUT Broken.  Burned. Vandalized. Looted.  Repair. Rebuild. Restock. Reopen. Businesses that may be on the verge of thinking about recovering from months of executive-ordered shutdowns resulting from the global pandemic are now being victimized by domestic … Continue reading →

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COVID-19 Congress Makes PPP Loan Forgiveness A Bit Easier!

Posted on June 4, 2020 by Carol

Last week, on May 27, 2020 the House passed legislation, Paycheck Protection Program Flexibility Act, H.R. 7010, loosening the requirements for PPP loan forgiveness.  Yesterday, the Senate, while not in full session, unanimously consented to the House version of the … Continue reading →

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COVID-19 SBA PPP Legislative Update

Posted on June 4, 2020 by Carol

Changing the PPP rules would be of great benefit across the board. Congress’ CARES Act was based on a two-month period. Congress did not anticipate or plan for many of the glitches and questions things that have unfolded since initial passage. Last week, … Continue reading →

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The Disaster Preparedness Sales Tax Holiday is currently underway!

Posted on June 2, 2020 by Carol

May 29 – June 4, these qualifying items will be exempt from sales tax: Any reusable ice pack selling for $10 or less. Any portable self-powered light source selling for $20 or less: Candles, flashlights, lanterns. Any gas or diesel … Continue reading →

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COVID-19 Why Hasn’t My Friend Gotten Their Stimulus Check?

Posted on May 23, 2020 by Carol

On April 16, 2020 we published The Corona Virus Version of Where’s My Refund which highlighted Just Asking for A Friend.  Today we publish Why Hasn’t My Friend Gotten Their Stimulus Check?   In case your friend is wondering where the … Continue reading →

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#COVID-19 Still Some PPP Left

Posted on May 22, 2020 by Carol

Word on the street is there remains $70 billion in SBA PPP funding. That first 349B$ April 3 was gone in a matter of several days. Near the end of April, it was replenished with 310B$. Plus, all the returns-the … Continue reading →

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