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PPP Loan Forgiveness

Just a quick note… The Treasury Department has provided the worksheet to apply for the PPP loan forgiveness. If you have received the PPP Loan to cover your payroll costs during the downturn, please take a look at the worksheet/application and let us know if you have any quiestions. https://home.treasury.gov/system/files/136/3245-0407-SBA-Form-3508-PPP-Forgiveness-Application.pdf   -Heritage Accounting and Tax […]

Business Use of a Personal Vehicle

During your business day, as you are driving around in your personal vehicle, you may be wondering if you can receive any tax benefit from all the miles and expenses you are putting on it. As it stands with most tax-related questions, the answer is, “it depends.” While you can definitely take the expenses or mileage […]