Posts in Newsletters

by CMCD LLC
May 20, 2020

May 2020 – SBA Releases PPP Forgiveness Applications and Instructions

The U.S. Small Business Administration (SBA), in consultation with the Department of the Treasury, released an […]
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by CMCD LLC
April 30, 2020

April 2020 – PPP Loan Forgiveness Memo

—The loan will be fully forgiven if the funds are used for payroll costs, interest on […]
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by CMCD LLC
February 20, 2019

February 2019 – Opting Out of Self-Employment Tax for Church Ministers

For ministers, they pay self-employment (social security and medicare) tax on their ministerial income. Social security […]
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by CMCD LLC
April 11, 2018

April 2018 – Change of Deducting Business NOL under the New Tax Law

President Donald Trump has signed the Tax Reconciliation Act of 2017 (the Act) into law, and […]
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by CMCD LLC
March 26, 2018

March 2018 – IRS to Terminate Offshore Voluntary Disclosure Program

Time is running out for taxpayers with undisclosed foreign assets. On March 13, 2018, the Internal […]
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by CMCD LLC
February 16, 2018

February 2018 – Additional Business Tax Credit for Hurricane Harvey Victims

During 2017, many of our clients were affected by Hurricane Harvey, and we sincerely hope business […]
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by CMCD LLC
February 10, 2018

February 2018 – 2018 Tax Reform (4) – Moving Expense and Tax Preparation Fee

As the tax reform will signed into law on 12/22/2017, some expenses are no longer deductible. […]
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by CMCD LLC
January 30, 2018

January 2018 – 2018 Tax Reform (3) – Medical Expense Deduction

This article will discuss on medical expense deduction under the 2018 tax reform. For 2018, taxpayers […]
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by CMCD LLC
January 15, 2018

January 2018 – 2018 Tax Reform (2) – Mortgage Interest

As the previous article discussed on SALT deduction, this article will briefly discuss the impact to […]
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by CMCD LLC
January 14, 2018

January 2018 – 2018 Tax Reform (1) – Property Tax

The 2018 tax overhaul has become official with President Trump signed into law on 12/22/2017. It […]
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