CARES ACT “LOAN” Programs

CARES ACT “LOAN” Programs The Cares Act has three main “Loan” programs that are designed to convert to grants. Note – There are other programs, but most of our clients are not eligible mainly due to size. Paycheck Protection Program • Overview – This is a hybrid/loan...

How to apply for SBA disaster loans

The coronavirus pandamic has hit small businesses hard.  As a response to these disaster declarations, the US Small Business Administration is offering low-interest federal disaster loans to small businesses and non-profit organizations in designated areas of a state...

Tracey & Tracey CPAs COVID-19 Updates

As you are aware, in our industry, we are in the heart of the busiest time of year. We sincerely hope that you, your families, and your team members are staying healthy. As we continue to monitor the situation with COVID-19 (coronavirus), we want to provide an update...

Capitalize Carrying Costs with the 266 Election

If you own unimproved vacant land for investment, you may be able to capitalize the costs of loan interest expense, real estate taxes, insurance, HOA fees, and other maintenance expenditures under the IRS Section 266 election. The 266 election is only available for...