TKB Tax and Accounting LLC

01/10/2025

01/06/2025

It is that time of the year again - Please contact us for your Tax needs.

12/20/2024

While there are many ways to show how much state governments collect in taxes, the Index evaluates how well states structure their tax systems and provides a road map for improvement

07/10/2020

Congress Reverses Changes

Congress reverses changes made to the kiddie tax in the Tax Cuts and Jobs Act, allowing affected taxpayers to amend their returns.

07/09/2020

EIDL pandemic assistance facts for CPAs

Economic Injury Disaster Loans can provide small businesses with low-interest pandemic assistance over a 30-year term. To help their businesses and clients, CPAs need to understand the key terms that these loans provide.

07/08/2020

Points to note as Most companies are embracing remote Work.

Quarantines prompted by the coronavirus pandemic have forced many organizations to deploy and configure technology to support 100% remote work and/or a mix of working remotely on certain days.

07/07/2020

Over the weekend, President Trump signed into law the extension for the U.S. Small Business Administration's Paycheck Protection Program, allowing the program to continue until Aug. 8. The new law also decouples PPP authorization from the SBA’s 7(a) lending program, allowing regular 7(a) lending to continue once the PPP has reached its authorization cap.

The extension makes it much more important that the PPP loan forgiveness process be streamlined. The intention from the start was always that the PPP loans would be forgiven, but the process and forms borrowers must fill out makes that forgiveness process particularly cumbersome. A bipartisan bill introduced last week — by Sens. Kevin Cramer (R-N.D.), Bob Menendez (D-N.J.), Thom Tillis (R-N.C.) and Kyrsten Sinema (D-Ariz.) — would require all PPP loans of $150,000 or less to be automatically forgiven with just a one-page form and a self-certification by the borrower.

SBA, Treasury include small business names in latest PPP data release: The U.S. Small Business Administration released the names of businesses that received more than $150,000 in funding under the Paycheck Protection Program, the most detailed data yet on the federal stimulus package. The disclosure comes following demands by lawmakers for more transparency on the program. The Treasury Department and SBA have said they would disclose names and other details about businesses that took PPP loans of $150,000 and above. In addition to business names, the data release includes addresses, NAICS codes, zip codes, business types, demographic data, nonprofit information, the name of lenders and jobs supported.

07/06/2020

Note: The Paycheck Protection Program Flexibility Act (PPP Flex Act) was signed into law on June 5, 2020. The PPP Flex Act extends the availability of loans under the Paycheck Protection Program (PPP) and adjusts certain rules applicable to PPP loans. The information reflected here may therefore be....

10/23/2019

Don't carry this burden on your shoulders, contact us for a free consultation, here at TKB Tax & Accounting. We have the knowledge and experience to help you with your business needs! (319)524-1193 or [email protected]

Some accounting mistakes are minor and easy to correct. But others are more serious and could have a significant effect on your business’s financial health.

10/02/2019

Can you believe tax season is just around the corner?!? Let us help you with all of your tax and accounting needs! Visit our website to check out our services http://tkbtaxandaccounting.com/services/tax-services/

-or- give us a call at (319)524-1193. You can also email Patrick at [email protected]

We'd love to hear from you!

Tax Preparation TKB prepares simple to complex returns for all taxpayers. We prepare personal returns along with all business returns.Our unique approach to reviewing the tax return line-by-line sets us apart from the typical tax preparer. TKB prepares all types of tax returns: Individual LLC Partne...