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Entrepreneurial Services News


Focus on Entrepreneurial Services: Update to Form 1099

As if 2020 hasn’t brought enough changes, the Internal Revenue Service has also provided a change to the 1099-MISC form.


COVID-19: Important Reminders Regarding Paycheck Protection Program (PPP) Loans

As the June 30, 2020 deadline for acquiring a Paycheck Protection Program Loan (PPP Loan) approaches, borrowers remain faced with a number of details that may impact PPP Loan forgiveness.


COVID-19: Paycheck Protection Program Flexibility Act of 2020

On Wednesday June 3, 2020 the Senate passed H.R. 7010 which modifies “certain provisions related to the forgiveness of loans under the paycheck protection program” (PPP Loans).


COVID-19: PPP Loan Forgiveness Interim Final Rules

On Friday, May 22, 2020, the Small Business Administration (SBA) released two Interim Final Rules related to the Paycheck Protection Program Loan (PPP Loans) forgiveness. One focused on Borrowers and the other focused on lenders. This article will provide an overview of each rule.


COVID-19: Updates to the PPP Loan Frequently Asked Questions

On Wednesday May 13, 2020 the Small Business Administration (SBA) released two updates to their Paycheck Protection Program (PPP Loan) Frequently Asked Questions (FAQ).


COVID-19: Additional Funds for Paycheck Protection Program

The Paycheck Protection Program and Health Care Enhancement Act (the Act), recently passed and signed into law, a second round of Paycheck Protection Program (PPP Loan) funding of $310 billion.


COVID-19: What are These Main Street Lending Loans?

Much emphasis has been placed on the Economic Injury Disaster Loan (EIDL) and Paycheck Protection Program (PPP) Loan programs available under the CARES Act to date.


COVID-19: New Report Breaks Down Details on Paycheck Protection Program

The Small Business Administration (SBA) released a report today, April 17, 2020 related to the Paycheck Protection Program (PPP) loans.


COVID-19: PPP Loan Application – Done! PPP Loan Approved – Whew! Now What?

The Paycheck Protection Program (PPP loan) was created to provide loans to help businesses keep their workforce employed during the Coronavirus (COVID-19) crisis.


COVID-19: Regulatory Summary for Individuals & Families

Recently governments and business have launched various programs and changes to help those affected financially by the COVID-19 pandemic.


COVID-19: Families First Coronavirus Response Act Paid Sick Leave and Family Medical Leave Expansion

During the first two weeks of unpaid expanded family and medical leave, you may not simultaneously take paid sick leave under the EPSLA and preexisting paid leave, unless your employer agrees to allow you to supplement the amount you receive from paid sick leave with your preexisting paid leave, up to your normal earnings. 


COVID-19: Economic Injury Disaster Loan, Paycheck Protection Plan Loan or Both? 

Businesses and organizations have various loan options available to help offset financial hardship and uncertainty caused by the COVID-19 pandemic.


COVID-19: Paycheck Protection Program (PPP Loan)

The PPP Loan was signed into law on March 27, 2020, as part the CARES Act. Although guidance on the PPP Loans are evolving, here is a summary of what you need to know.


COVID-19: The Business Impact of the COVID-19 Pandemic

COVID-19 continues to impact us all across the country, and recent legislation provides support to those struggling to navigate these uncertain times.


COVID-19: COVID-19 and Your Business

The global impact of COVID-19 is forcing many business owners to make key decisions everyday on how they will be able to sustain this pandemic and maintain their operations throughout the coming weeks and months.


Focus on Entrepreneurial Services: Year-End Tips for Entrepreneurs

If you dread year-end paperwork and tax time, you’re not alone. Most entrepreneurs would rather pursue their ideas and passions than spend time and energy on the financial details. Here are a few suggestions to make your year-end close a valuable process rather than a necessary evil.


Focus on Small Business: BBB Issues Scam Alert About QuickBooks Phishing Con

Recently the Better Business Bureau issued a scam alert about a phishing scam targeting small businesses.


Focus on Entrepreneurial Services: 1099 Best Practices

The new year brings more changes to the requirements for filing 1099s. Along with these changes, the IRS has also added additional penalties. We urge all our clients to adopt and implement strategies now, before the end of the year, to enable you to comply with the tighter deadlines. Developing a strategy now will provide efficiencies going forward for preparing or providing the information to have 1099s prepared.


Focus on Entrepreneurial Services: Tax Return Due Date Changes to the 2016 Tax Year (2017 Filing Season)

Legislation passed by Congress and signed into law by President Obama on July 31, 2015 has modified the tax filing due dates for taxable years starting after December 31, 2015.


Focus on Entrepreneurial Services: 1099 Information Return Requirements & 2016 Payroll Tax Guide

What to Report in 2015 — Payments of $600 or more to individuals, sole proprietorships or partnerships for rent, prizes or awards, or services rendered for a trade or business by individuals, sole proprietorships and partnerships not treated as their employees.


Key Takeaways from Attract Funding: Stand Out in Front of St. Louis Venture Capitalists

On Thursday, August 27, RubinBrown hosted a panel of St. Louis venture capitalists at Venture Café. Steven Harris, Partner-In-Charge of RubinBrown’s Entrepreneurial Services Group, facilitated a panel discussion featuring Jennifer Ehlen of Prosper Capital, Carter Williams from iSelect Fund, Kyle Welborn from Cultivation Capital and Scott Bernstein of Lewis & Clark Ventures.

The following are highlights from what was a great, interactive discussion.


REMINDER! Focus on Small Business: 1099 Information Return Requirements

What to Report in 2013
Payments of $600 or more to individuals, sole proprietorships, trusts or partnerships for rent, prizes or awards, or services rendered for a trade or business. Dividends, interest and royalties must be reported whenever the payment is $10 or more. Payments to corporations for medical services also must be reported on Form 1099-MISC.


Focus on Small Business: Partnership Fringe Benefits

In certain instances a partner may have to recognize income on normally tax-favored fringe benefits provided to employees. When a partnership provides benefits to a partner the benefit will either be treated as a guaranteed payment to the partner or as a non-taxable fringe benefit other employees benefit from. Instances from both conditions are listed.


Focus on Small Business: Tips For Employers Which Outsource Payroll

If your company outsources its payroll and related tax duties to a third-party, there is a new fact sheet you will want to review.


Focus on Entrepreneurial Services: Missouri Federal Interest Assessment on Employers

Missouri's current statutes require that employers pay additional interest amounts on their second quarter 2013 Contribution and Wage Reports, which are due July 31, 2013. The additional payments are required to pay the interest on an outstanding loan from the federal government to the state of Missouri for unemployment benefits.


Focus On Small Business: Baker Tilly International Provides Initial Results For Succession Planning Survey

Baker Tilly International, in co-operation with Baker Tilly Pitcher Partners and Swinburne University, has taken a closer look at both the sociological and economic implications for the family business succession process.


Focus On Small Business: Guide To Starting A Business

RubinBrown's Entrepreneurial Services Group is pleased to present the "Guide To Starting A Business." This resource assists entrepreneurs who are contemplating starting or buying a business. The guide includes information on entity structuring, business planning, operations, tax planning and compliance, and much more.


Focus on Taxation: New Rules For 1099 Reporting

A little known Section in the Health Care Reform Act of 2010 will change the face of 1099 Information Reporting. Section 9006 of the Patient Protection and Affordable Care Act mandates 1099 reporting for services AND goods purchased in excess of $600 for all payees other than exempt organizations. The new law includes corporations that under current regulations are generally exempt from receiving a Form 1099.


Focus On Taxation: W2 Reporting Of Health Coverage

The Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010 (2010 Healthcare Reform Act) have brought about many changes. This legislation will require employers to report the value of employer-sponsored health coverage on each employee’s W-2. Reporting for 2011 is optional. Guidance on future reporting is expected before year end from the IRS.


Focus On Small Business: Health Insurance Tax Credit

As you may know, the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010 (2010 Health Care Reform Act) became law in March of 2010.


Focus On Small Business: IRS Eliminates Federal Tax Deposit Coupons

The US Treasury Department has begun an initiative to increase electronic transactions. Beginning January 1, 2011, most businesses currently using paper Federal Tax Deposit (FTD) coupons will be required to make their federal tax deposits electronically.


Focus On Taxation: Small Business Jobs Act of 2010 Signed Into Law

On Monday, September 27, President Obama signed into law the Small Business Jobs Act of 2010 (the Act). The Act includes a number of important tax provisions that are expected to affect large and small businesses, as well as individuals.


Focus On Entrepreneurial Services: Procedures for S-Corporations

The following list contains procedures and reminders for treatment of specific items for S Corporations and S Corporation owners.