2021 | Bennett Thrasher Skip to main content
Blog Image

PPP Tax-Exempt Income Timing Guidance Issued

By Insights

Paycheck Protection Program (PPP) loans have caused a myriad of confusion for tax practitioners, with previous IRS guidance leading to even more complexity and uncertainty. The law that authorized PPP loans mandated that their forgiveness was non-taxable. Next, the IRS proposed that expenditures paid with PPP loans were non-deductible.

Read More
Blog Image

Restaurant Revitalization Fund Reporting Requirements

By Insights

Restaurant Revitalization Fund (RRF) recipients are required to report to the Small Business Administration (SBA) through the application portal, how much of their RRF award has been used on eligible expenses no later than December 31, 2021. The RRF program rules allow recipients to include any eligible expenses incurred beginning on February 15, 2020 through to the date the report is completed.

Read More
Blog Image

Boost Cash Flow with a Cost Segregation Study

By Insights

If your business is planning to buy, build or substantially improve real property, a cost segregation study can help you accelerate depreciation deductions, reduce your taxes and boost your cash flow. Even if you invested in real property in previous years, you may still have an opportunity to perform a lookback study and catch up on the deductions you missed.

Read More
Blog Image

Southeast Middle-Market M&A Newsletter Q3 2021

By Insights

In the Southeast Middle-Market M&A Newsletter for Q3 2021, Bennett Thrasher’s Transaction Advisory Services leaders provide data and highlights for Southeast (Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, South Carolina and Tennessee) middle-market (total transaction value < $USD 500mm) M&A transactions, including volume, value and enterprise value multiples.

Read More
Blog Image

Tax Benefits for Employer-Provided Child Care

By Insights

As it becomes increasingly difficult for companies to find workers in a tight labor market, many employers are looking to boost the corporate benefits offerings available to their employees. One of the most significant benefits that a company can provide to its employees is access to high-quality child care. Employer-provided child care (EPCC) increases employee productivity, promotes loyalty and retention and creates a better workplace environment. In addition to the improvements in these areas, EPCC can also provide businesses and their owners with substantial tax savings.

Read More