Featured Posts

Payroll Tax Credits

Confused about the tax credits available for businesses with payroll?  This is a simple little walkthrough to help determine if an employer can take a tax credit for leave due to … [Read More...]

PPP LOAN FORGIVENESS

We have received word that the new forms for forgiveness of the PPP will not be available to be processed by the SBA until March 5th.  Please make sure that you are checking with your bank if you … [Read More...]

2021 TAX SEASON HAS STARTED

Here at LKM, we have already begun processing business and personal returns.  However, due to IRS and GA limitations, we will not be able to efile these returns for another week or two.  Please get in … [Read More...]

Consolidated Appropriations Act of 2021

On 12/27, the President signed the Consolidated Appropriations Act of 2021 (the CAA) into law. We wanted to take this opportunity to highlight critical information for our clients.  Please be aware … [Read More...]

Georgia Department of Labor Tax Rates 2021

The Georgia Department of Labor has announced that the 2021 tax rate notices will be delayed and will not come out until February 2021.  Please make sure to check your employer portal at the DOL site, … [Read More...]

PPP Expenses not Deductible

The IRS has come out with Revenue Ruling 2020-27, which gives us some direction on how to treat the PPP loan and the related expenses. Lets look at each separately. If your business received the … [Read More...]

QUICKBOOKS WEBINAR CLASS

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PPP LOANS OF 50k OR LESS

Paycheck Protection Program (PPP) borrowers of $50,000 or less now have an opportunity to apply for forgiveness using a simplified application that has been released. Loans of less than $50,000 are … [Read More...]