Posts
JUNE 4th, 2020 HR 7010 passed by the Senate yesterday and headed to the President for signature. It accomplishes a few things including: Borrowers can choose an 8 week or 24 week covered period to spend PPP fund and maintain FTEs to qualify for full forgiveness. Borrowers will have 5 years to repay any […]
Read More
JUNE 3rd, 2020 ⠀ It is often difficult for married couples to save as much as they need for retirement when one spouse doesn’t work outside the home — perhaps so that spouse can take care of children or elderly parents. In general, an IRA contribution is allowed only if a taxpayer has compensation. […]
Read More
May 27, 2020 Nearly everyone has heard about the Economic Impact Payments (EIPs) that the federal government is sending to help mitigate the effects of the coronavirus (COVID-19) pandemic. The IRS reports that in the first four weeks of the program, 130 million individuals received payments worth more than $200 billion. However, some people are […]
Read More
May 19h, 2020 Many small businesses continue to struggle in the wake of the coronavirus (COVID-19) pandemic. Some have already closed their doors and are liquidating assets. Others, however, may have a relatively less onerous option: bankruptcy. Although bankruptcy obviously isn’t an optimal outcome for any small company, there may be a silver lining: […]
Read More
May 14th, 2020 The coronavirus (COVID-19) pandemic has affected many Americans’ finances. Here are some answers to questions you may have right now. My employer closed the office and I’m working from home. Can I deduct any of the related expenses? Unfortunately, no. If you’re an employee who telecommutes, there are strict rules that govern […]
Read More
Madeleine Gray is on the tax staff at Bradshaw, Gordon & Clinkscales, LLC. She has been with the firm since 2018. She served two tax seasons as an Intern and was then hired full-time in January 2020. She graduated from Clemson University in 2018 with a Bachelor’s Degree in Accounting. And, she just finished a […]
Read More