The Planner

The Planner is CORE Group's blog and a way to help others interested in up to date tax service news.

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Tax Law

Capital Improvements

Capital Improvements

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Christian Brim

Accountants are weird. They use funny words and use lots of spreadsheets.  One common word is Capital Improvements.  Similar words that they use to describe the same things: Capital Assets, Fixed Assets, Property, Real Estate, FF&E (Furniture, Fixtures, & Equipment).  In the accounting tax world, all of these terms describe something with an economic benefit beyond one year.

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PPP Flexibility Act Provides Small Business Relief

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Christian Brim

And just like that, Congress shuffled the deck. To be clear, the PPP Flexibility Act brings welcome relief to those small businesses that participated in the Paycheck Protection Program, but it didn’t address all the issues. My gut tells me that they’re not done tweaking this, and before anyone takes action, we need to see what regulations the SBA issues regarding the new law.

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