Ogden Office Flood
Ogden Office Flood: New Tax Document Drop Off Location The Haynie & Company Ogden office experienced a flood on January 1, 2021. We store all our documents electronically, so no personal...
14 January, 2021
COVID-19 Pandemic Tag
Dec. 2020 Stimulus Payments
Recovery Rebate Stimulus Payments and Credits December 2020 Stimulus Payments The bill provides a refundable tax credit in the amount of $600 per eligible family member. The credit is $600 per...
06 January, 2021
Extension of COVID-19 Employee Retention Credits
This may be one of the most important sections of the December 2020 Tax Act for Businesses. It may provide significant tax credits on Forms 941 and 944. Original Employee Retention...
06 January, 2021
Dec. 2020 Changes to Paycheck Protection Program
Paycheck Protection Program – December 2020 Changes The Consolidated Appropriations Act changes the PPP Loan Program primarily in three ways. First, the Act allows new PPP loan applications to be submitted...
06 January, 2021
New Stimulus Bill and PPP Updates
On Dec. 22, 2020, Congress passed the latest COVID-19 Relief Bill. This is the largest bill ever passed by Congress at over 5,500 pages. It contains over $900 billion of...
22 December, 2020
Haynie Gives: Blood
On Dec. 7th, the Haynie & Company Corporate office hosted an American Red Cross blood drive. Our Salt Lake City team had 33 participants and successfully collected 29 units! Thank...
11 December, 2020
Deductibility of PPP Loan Expenses
IRS Guidance on Deductibility of PPP Loan Expenses The IRS recently issued Revenue Ruling 2020-27 that states that expenses paid using PPP funds are not deductible in 2020 if there is...
23 November, 2020
Business Loss Deductions – CARES Act Changes
To provide businesses and their owners with some relief from the financial effects of the COVID-19 crisis, the CARES Act eases the rules for claiming certain tax losses. This article...
18 November, 2020