by apexcpas | Jun 2, 2021 | Business Strategies
The Taxpayer Certainty and Disaster Tax Relief Act of 2020 temporarily increased the deduction of business meals from 50 percent to 100 percent for 2021 and 2022. This deduction applies to food and drink provided by restaurants. In this instance a “restaurant” is...
by apexcpas | May 11, 2021 | Business Strategies
On March 11th 2021 the American Rescue Plan Act created a $28.6 billion fund for restaurants called Restaurant Revitalization Fund (RRF). This fund is set to provide grants to restaurants and other eligible businesses by providing grants equal to their financial loss...
by apexcpas | Apr 14, 2021 | Business Strategies
The Employee Retention Credit (ERC) has been updated for 2021 and is available to businesses whose 2021 1st and/or 2nd quarter sales are at least 20% lower than the same quarter in 2019. The Employee Retention Credit credit is filed on your payroll tax return...
by apexcpas | Jan 27, 2020 | Business Strategies
APEX CPAS & CONSULTANTS RAISE $24,398 IN FIFTH LUGGAGE OF LOVE CAMPAIGN FOR KANE COUNTY CHILDREN IN FOSTER CARE (St. Charles, IL) December 23, 2019 – In its fifth annual Luggage of Love fundraiser, supported by generous clients, employees, and friends, Apex...
by apexcpas | Dec 18, 2018 | Business Strategies
If you have any question at all about the power of charitable giving, just consider this: #GivingTuesday, a global giving movement fueled by social media and online donation tools, was started on the Tuesday after Thanksgiving in 2012 by a single New York City...