Rich Weber

About Rich Weber

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So far Rich Weber has created 187 blog entries.
13 05, 2020

SBA’s Guidance on PPP and Employee Refusal to be Rehired

By |2020-05-13T21:40:32+00:00May 13th, 2020|COVID-19, Tax and Auditing|Comments Off on SBA’s Guidance on PPP and Employee Refusal to be Rehired

The team at Sousa & Weber have had several inquiries related to employee layoffs and rehires with respect to the Paycheck Protection Program (PPP). Some employers are finding it difficult to get hourly employees to [...]

4 05, 2020

IRS Guidance for Accounting for PPP Loans

By |2020-05-13T21:59:12+00:00May 4th, 2020|Accounting Tips, COVID-19, Sousa & Weber News, Tax and Auditing|Comments Off on IRS Guidance for Accounting for PPP Loans

The IRS has issued new guidance related to the accounting for PPP loans in Notice 2020-32.  The IRS’ position is that while loan forgiveness is excluded from gross income, the expenses that resulted in qualification [...]

24 03, 2020

Updated 2019 Tax Filing & Payment Dates

By |2020-05-13T21:59:31+00:00March 24th, 2020|Corporate Tax, COVID-19, Individual Income Taxes, Tax and Auditing|Comments Off on Updated 2019 Tax Filing & Payment Dates

Just a reminder that the Federal income tax filing deadline for 2019 individual and business income tax returns has been automatically extended from April 15, 2020, to July 15, 2020.  Taxpayers can also defer Federal income tax [...]

25 02, 2020

Impact of New Ruling on Drop and Swap Exchanges

By |2020-02-25T23:04:24+00:00February 25th, 2020|Corporate Tax, Legal Issues|Comments Off on Impact of New Ruling on Drop and Swap Exchanges

Great news for business owners in California: As of January 28, 2020, the Franchise Tax Board’s Office of Tax Appeals (OTA) denied the appeal of Sharon Mitchell case that would prevent “drop and swap” exchanges. [...]

29 01, 2020

What You Need to Know About Multi-State Income Taxation

By |2020-01-31T22:19:10+00:00January 29th, 2020|Corporate Tax, Individual Income Taxes, Tax and Auditing|Comments Off on What You Need to Know About Multi-State Income Taxation

Filing state income tax returns is usually uncomplicated if you live and work in the same state during the entire calendar year, and have no income sourced from a state other than the state in [...]

14 12, 2019

Preparing to Sell a Small Business

By |2019-12-30T23:36:12+00:00December 14th, 2019|Business Consulting, Small Business|Comments Off on Preparing to Sell a Small Business

Selling your small business can be financially and personally rewarding. However, selling a business is an intricate undertaking. Many business owners are not familiar with the complexity and possible tax implications of a sale. Preparation [...]

31 10, 2019

Becoming DCAA Compliant

By |2019-10-31T14:12:24+00:00October 31st, 2019|Business Consulting, DCAA Accounting, Tax and Auditing, Tax Compliance|Comments Off on Becoming DCAA Compliant

The federal government is committed to supporting businesses by taking steps to ensure that government contracts are awarded to companies of all sizes. A critical part of government contracting is making sure your business accounting [...]

Sousa & Weber will continue to provide uninterrupted services during the COVID-19 matter.Read more