The North Carolina Department of Revenue has announced that expenses that were funded with forgiven PPP loans are now deductible. This means that all recipients, both corporate and individual, that paid income tax on the loan in tax year 2020 are able to file an...
At the Hickory City Council meeting on Tuesday, November 2, 2021, DHW was named one of The City of Hickory's 2021 Business. Well Crafted. Award winners. For more information and the full list of award recipients, please visit:...
Tim Reynolds recently joined the team of the Entrepreneur Exchange podcast to discuss common accounting mistakes small businesses make and how to avoid them. To listen to his tips and tricks, tune in to...
FOR IMMEDIATE RELEASE DAVIDSON, HOLLAND, WHITESELL and Co., PLLC PRINCIPAL TIM REYNOLDS NAMED INSTITUTE OF MANAGEMENT ACCOUNTANTS CATAWBA VALLEY CHAPTER TREASURER HICKORY, NC - September 2, 2021 - The Catawba Valley Chapter of the Institute of Management Accountants...
The Paycheck Protection Program Extension Act of 2021 was signed into law on March 31, 2021, extending the deadline to apply for a loan by an extra 60 days, from March 31 to May 31, 2021. The law also gives the Small Business Administration (SBA) an additional 30 days...
Generally, unemployment compensation received under the unemployment compensation laws of the United States or a state is considered taxable income and must be reported on your federal tax return. However, a new tax break - in effect only for the 2020 tax year - lets...
On March 12, following the American Rescue Plan Act's approval and signing, the IRS began sending out the third round of Economic Impact Payments. Most payments were sent out via direct deposit, but approximately 150,000 checks were mailed by the Treasury Department...
Signed into law on March 11, 2021, the American Rescue Plan Act (ARPA) contains several tax provisions affecting individuals and families. Let's take a look: Economic Impact Payments (EIP3). A third round of economic impact payments (EIP3) will be sent to qualifying...
The federal income tax filing due date for individual taxpayers, including individuals who pay self-employment tax, has been extended to Monday, May 17, 2021, for the 2020 tax year. There is no need to file any forms to qualify for this automatic federal tax filing...