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LGT's Profit Sense

Payroll Protection Program Extension Provides Small Businesses Additional Time to Apply

Posted by Lucas LaChance, CPA, CIA, Partner of Practice Growth on Apr 9, 2021
Payroll Protection Program Extension Provides Small Businesses Additional Time to Apply

On March 30th , President Joe Biden signed legislation that extended the application deadline from March 31st to May 31st for round two of the Paycheck Protection Program (PPP). The legislation also...

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Topics: small business, PPP Loan

Latest with the IRS Guidance on Payroll Tax Deferral

Posted by Jon Wellington, J.D., Principal, State and Local Tax on Sep 1, 2020
Latest with the IRS Guidance on Payroll Tax Deferral

On August 8, 2020, President Trump issued a memorandum authorizing the deferral of payroll taxes for certain employees from September 1, 2020 through December 31, 2020. On August 28th, the IRS...

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Topics: Tax, IRS, small business, LGT, COVID-19, payroll, deferral

CARES Act: SBA Emergency Economic Injury Disaster Loans

Posted by Lucas LaChance, CPA, CIA, Partner of Practice Growth on Mar 31, 2020
CARES Act: SBA Emergency Economic Injury Disaster Loans

When the Coronavirus Aid, Relief, and Economic Security (CARES) Act (the Act), became law on March 27, 2020, it brought with it large-scale programs aimed at bolstering small businesses across the...

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Topics: small business, coronavirus, COVID-19, CARES Act, Paycheck Protection Program, loans

Managing Sleepless Nights: Employee Retention

Posted by Lee Ann Collins, CPA, Managing Partner on Jan 30, 2019
Managing Sleepless Nights: Employee Retention

First and foremost, I need to introduce myself. My name is Lee Ann Collins, managing partner of an accounting and advising firm in Dallas called Lane Gorman Trubitt, LLC (LGT), and this job is...

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Topics: consulting, small business, benefits, ACS, employee retention, managing sleepless nights
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