Tag: tax planning

Nov 24, 2020

Tax Implications of PPP Loans

Some small businesses may be hit with a surprise tax bill related to Paycheck Protection Program (PPP) loans unless Congress acts soon. If you have…

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Dec 11, 2019

Federal 941 Payroll Tax Look-back Procedures

IRS Notice 931, Deposit Requirements for Employment Taxes, lists requirements for depositing payroll taxes such as withheld federal income tax, Social Security and Medicare…

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Nov 22, 2017

2017 Tax Planning Letter

Dear BMSS Clients and Friends, As the end of 2017 approaches, you are likely giving consideration to year-end tax planning strategies. For the last several…

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