RESOURCES

Explore These Helpful Links Provided by Our Tax Specialists

For years, Burch & Associates, Inc. has continued to provide versatile assistance to both residential and commercial clients throughout Beatrice, NE and all the surrounding communities. We understand the complex nature of today's tax laws, so we've posted a selection of helpful links and resources to help you navigate the filing process. As always, you're welcome to contact one of our tax specialists with any additional questions, comments, or concerns. Schedule an upcoming consultation with our professionals. Our CPA firm is proud to offer a full suite of estate planning and tax consulting services at some of the area's most competitive rates.

PTET - Links

2023 PTET Letter A - NE Pass-Thru Entity Tax Planning Opportunities 12/11/23

2023 PTET Letter B - NE Pass-Thru Entity Tax Planning Opportunities 12/11/23

2023 PTET Letter C - NE Pass-Thru Entity Tax Planning Opportunities 12/11/23

COVID-19 - FAQ - Links

We are currently in the process of putting together a list of resources for business and individual clients who are affected by the COVID-19 pandemic, starting with these (see disclaimer below):

Secure Act 2.0 Summary - Bob Jennings - 12/27/22

2022 Year-end Client Newsletter - 11/28/22

Last Minute Stock Strategies - 11/7/22

Last Minute Buy a Vehicle - 11/7/22

Last Minute Business Deductions - 11/7/22

2021 Year-end Client Newsletter - 11/22/21

PPPL Relief - by Ed Zollars 11/19/21

Parker Tax Bulletin $1 Trillion Infrastructure Bill - 11/14/21

Tax Savings Tip Letter - 11/4/21

Client Letter from May of 2021 - May 6, 2021

Year-round tax planning is for everyone - IRS Publication 5349

IRS not budging: April 15 is the deadline for 2021's first estimated tax payment: Kay Bell-Don't Mess With Taxes

Your Not-So-Ordinary Stimulus Check Questions Answered - Kelly Phillips Erb - Bloomberg

What You Need To Know Now About Non-Taxable Unemployment - Amber Gray-Fenner, Forbes - March 14, 2021

Mid Tax Season Client Letter from Mark Burch - March 12, 2021

Unemployment Recipients May Want To Wait To File 2020 Tax Returns - Amber Gray-Fenner, Forbes

Six Myths Surrounding the 2021 Employee Retention Tax Credit - Lynn Mucenski Keck, Forbes 2/15/2021

The Latest Advice on PPP Loans - Journal of Accountancy 1/25/2021

Expenses With PPP Money Are Tax Deductible, Congress Reverses IRS: Robert Wood, Forbes 12/21/2020

IRS Crushes Hopes of Deducting PPP-Paid Expenses: Tony Nitti, Forbes 11/19/2020

Applying for PPP Forgiveness with 3508S Form: Evergreen Small Business 10/23/2020

SBA Streamlines PPP Forgiveness for Loans of $50,000 and Under - ABA Banking Journal 10/9/2020

How Trump's Payroll Tax Holiday Will Work - Lisa Rowan - Forbes 8/31/2020

PPP Forgiveness: No need to rush, and other tips - Journal of Accountancy 7/27/2020

SBA Finally Clarifies PPP Loan Forgiveness Rules: Full Forgiveness For Self-Employed Borrowers - Brian Thompson - Forbes

How the Latest PPP Updates Impact Entrepreneurs - Kyle Wetaway - Forbes

No Fee to Replace Lost or Trashed Stimulus Prepaid Debit Cards - Kelly Phillips Erb - Forbes

Nearly 4 Million Stimulus Checks by Prepaid Debit Cards This Week - Kelly Phillips Erb

Millions of Economic Impact Payments being sent by Prepaid Debit Cards - US Treasury

■ Money Network EIP Card Instructions: https://www.eipcard.com/

Nebraska Dept of Revenue FAQ About Income Tax Changes due to COVID-19

SBA PPP Loan Forgiveness: A Deep Dive by Tony Nitti - Forbes

IRS Updates Employee Retention Credit FAQs & Draft 941 - Kelly Phillips Erb - Forbes

Miss Out On A PPPL? Don't Forget About The Employee Retention Credit - Tony Nitti - Forbes (4/30/2020)

LETTER from Mark Burch about CARES Enhancement Act - Round 2 (4/24/2020)

IRS Employee Retention Credit (4/24/2020)

IRS Employee Retention Credit FAQ (4/24/2020)

Here's Exactly When You Will Get Your Stimulus Check - Zack Friedman - Forbes (4/24/2020)

Your Stimulus Check Answers About Kids, Child support, Direct Deposit, ITINs & More - Kelly Phillips Erb - Forbes (4/23/2020)

You Got Your PPP Loan. Now What? - Bruce Brumberg, Forbes (4/20/2020)

Ten Things We Need to Know About PPP Loan Forgiveness - Tony Nitti, Forbes (4/19/2020)

■ Forbes - 6 Resources To Help Independent Contractors And Freelancers Access COVID-19 Assistance (4/17/2020)

■ Kaplan - SBA Guidance for SE Individuals and Partners Under PPPL (04/15/20)

Tony Nitti article on IRS FAQ On Payroll Tax Deferral (4/13/2020)

IRS FAQ on Deferral of Employment Tax Deposits (4/13/2020)

MEMO from Mark Burch as of 4/11/2020

■ Please be sure to visit http://www.irs.gov for current changes and updates such as non-filer payment information and Coronavirus Tax Relief (4/11/2020)

■  Executive Order No. 20-17 CV - Personal Property Tax Penalty and Interest Waiver (4/10/2020)

■ MEMO from Mark Burch: https://drive.google.com/file/d/1NBk-_oWbPMiEraNFCaQVvZ98KTTLtfml/view?usp=sharing

■ BURCH COVID-19 Engagement Letter: https://drive.google.com/file/d/1sGwjC50hOe5hUNN-vDSNdRXixZKTQzqM/view?usp=sharing

■ Need to Know About EIDL - Kelly Phillips Erb - Forbes: https://www.forbes.com/sites/kellyphillipserb/2020/04/09/what-you-need-to-know-to-about-applying-for-a-covid-19-economic-injury-disaster-loan-eidl/#78149b4b4a50 (4/9/2020)

■ IRS and DOL Paid Leave Guidance by Greenberg Glusker: https://www.jdsupra.com/legalnews/the-irs-and-dol-issue-guidance-on-89091/ (4/8/20)

■ Latest PPL FAQ from US Treasury (4/6/20): https://drive.google.com/file/d/19Vez5V6gJ8gBmCpEBCZPfcVHr6Ip0AiT/view?usp=sharing

■ PPP v EIDL comparison by Eide Bailey: https://drive.google.com/file/d/1q6oP9TGJAtzUsdog6P_-TijvedgP_fJD/view?usp=sharing (4/6/2020)

■ PPPL: 3 Things SBA/Banks Need - Tony Nitti - Forbes: https://www.forbes.com/sites/anthonynitti/2020/04/05/paycheck-protection-program-loans-three-things-the-sba-and-banks-need-to-agree-on-now/#562592491a32 (4/5/2020)

■ Guidance from Accounting Today, RESOURCES and LINKS: https://www.accountingtoday.com/opinion/coronavirus-business-survival-resources-and-relief?utm_content=socialflow&utm_medium=social&utm_campaign=accountingtoday-tw&utm_source=twitter (4/4/2020)

■ Guidance from AICPA: https://www.aicpa.org/interestareas/privatecompaniespracticesection/qualityservicesdelivery/sba-paycheck-protection-program-resources-for-cpas.html (4/4/2020)

■ SBA PPL Temporary Changes: https://content.sba.gov/sites/default/files/2020-04/PPP--IFRN%20FINAL.pdf (4/3/2020)

■ PPP Loan Application Form: https://home.treasury.gov/system/files/136/PPP-Lender-Application-Form-Fillable.pdf (4/3/2020)

■ Link to COVID-19 ECONOMIC INJURY DISASTER LOAN APPLICATION https://covid19relief.sba.gov/#/

■ NEW! CVA SBA Loan Calculator: https://www.nav.com/cares-act-sba-loan-calculator/ (4/2/2020) results may vary!

■ COVID-19 SBA info by Bradford Tax Institute: https://drive.google.com/file/d/16LogNmOBCLf2_hk7tHex--qqwzUNc0B5/view?usp=sharing (4/2/2020)

■ Burch & Assoc Chart of COVIDNESS: https://drive.google.com/file/d/1CHyD0UWrwg-eQ9pDADCPbCZaDiOwOTlu/view?usp=sharing

■ Tax Credits for Req'd Paid Leave - IRS: https://www.irs.gov/newsroom/covid-19-related-tax-credits-for-required-paid-leave-provided-by-small-and-midsize-businesses-faqs (04/02/2020)

■ Payroll Tax Refund Credits - Tony Nitti-Forbes: https://www.forbes.com/sites/anthonynitti/2020/04/01/irs-agrees-to-speed-up-payroll-tax-refunds-related-to-new-covid-19-credits/#738b510260b9

■ Overview from the Senate: https://www.sbc.senate.gov/public/_cache/files/9/7/97ac840c-28b7-4e49-b872-d30a995d8dae/F2CF1DD78E6D6C8C8C3BF58C6D1DDB2B.small-business-owner-s-guide-to-the-cares-act-final-.pdf (added 4/1/2020)

■ TAX RESOURCE LETTER from Mark Burch (3/30/2020) https://drive.google.com/file/d/1PbU8gH3BST60lcblc4MwL7tztHFRbJdW/view?usp=sharing

https://www.dol.gov/agencies/whd/fmla/faq (added 3/31/2020)

https://www.dol.gov/agencies/whd/pandemic/ffcra-questions

https://www.uschamber.com/sites/default/files/023595_comm_corona_virus_smallbiz_loan_final_revised.pdf (3/30/2020) Fresh!

https://www.forbes.com/sites/brianthompson1/2020/03/29/getting-cash-for-your-small-business-through-the-cares-act/#17bae91e43a0 (added 3/29/20)

https://www.uschamber.com/co/small-business-coronavirus

https://dol.nebraska.gov/STC

https://www.irs.gov/coronavirus

https://www.forbes.com/sites/kellyphillipserb/2020/03/25/all-you-wanted-to-know-about-those-tax-stimulus-checks-but-were-afraid-to-ask/#7d0acbc11f9c

https://www.forbes.com/#14bb31c82254

https://home.kpmg/content/dam/kpmg/us/pdf/2020/03/tnf-cares-act-mar27-2020.pdf

https://www.linkedin.com/pulse/resources-small-business-owners-impacted-covid19-madeline-pratt/

https://taxfoundation.org/cares-act-senate-coronavirus-bill-economic-relief-plan/

We encourage you to use the above resources to the best of your ability. All of the above entities have done a marvelous job of providing information and resources to us during these trying times.


DISCLAIMER: The resources provided are for general information only and have not been verified by Burch & Associates, Inc. or Mark Burch. Any reliance on or use of the resources, products, or recommendations by the user is at user’s own risk. Burch & Associates, Inc. and Mark Burch specifically disclaim any responsibility or liability relating to the use of the resources, products and recommendations and shall under no circumstances whatsoever, be liable for any damages, including but not limited to special, incidental, or consequential damages which may arise from such use. 

Share by: