Serotta Maddocks Evans & Co., CPAs

Click this link to read about the key provisions contained in the COVID relief legislation (the Consolidated Appropriations Act, 2021 or CAA, 2021) that affect individuals. https://www.smecpa.com/2020-covid-relief-bill-provisions-a/

Wishing you health, wealth, and happiness in the New Year ahead.

Merry Christmas to all! We hope that everyone stays safe and healthy this Holiday Season.

On Monday the U.S. Senate and House of Representatives passed a $900 billion coronavirus relief package that provides $284 billion for a revised Paycheck Protection Program. The revised program clarifies that businesses can claim tax deductions for expenses paid for with forgiven PPP loans. The package also provides $600 payments to individuals and adds $300 to extended weekly unemployment benefits. Click the link below to read more about the new changes. https://www.journalofaccountancy.com//covid-19-relief-bill

For the second year in a row SME CPAs made it on Forbes list of America’s Top Recommended Tax and Accounting Firms 2021. https://www.forbes.com//forbes-2021-top-recommended-tax-/

While the world continues to surprise us day in and day out, the last thing any of us would want is a surprise on our tax return at filing time in the spring. In an effort to alleviate as much financial uncertainty as possible, allow us to address a few common questions likely to be on the minds of readers as we all adjust to life in the ‘new normal’. https://www.smecpa.com/tax-considerations-for-the-year-2020/

Congratulations to Columbia County and the CSRA for this great accomplishment. The success of one county is a success for the entire area. We are so happy to be a part of this community.

Shout out to one of our extraordinary team members, Robbie Bennett representing team SME CPAs during the Paceline race.

New employee tax deferral may not be the best option.

Nearly 3,000 people lost their lives 19 years ago during the tragic events of 11 September 2001. Today we will never forget the sacrifices that so many gave and an event that changed our lives forever.

Our first attempt at a social distancing baby shower was a success! Congratulations to the soon to be parents.

It was announced that SME CPAs is in the ranking of the nation’s largest 400 accounting firms by INSIDE Public Accounting. The INSIDE Public Accounting (IPA) Survey and Analysis of Firms, is the longest-running, up-to-date ranking of the nation’s largest accounting firms. The rankings are compiled from data gathered in the annual IPA Survey and Analysis of Firms.

With things changing on a daily basis this is a great resource for understanding the PPP loan forgiveness issues. If you have any further questions please don't hesitate to contact us.

It is an understatement to say that businesses and individuals all over the world have been affected by Covid-19. This has caused considerable financial stress on many businesses forcing them to seek creative ways to stay afloat during this volatile time. Small to medium sized businesses are a crucial part of our economy and are responsible for creating jobs for millions of Americans. With that in mind, the Federal Reserve has recently developed a new program called The Main Street Lending Program which is designed to provide relief to eligible small and mid-sized businesses including nonprofits. Click the link to read more. https://www.smecpa.com/main-street-lending-program/