Tax News - Culver CPA Group - Grand Rapids Accounting Firm
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Tax News / Blog

PPP Flexibility Act eases rules for borrowers coping with COVID-19  As you may recall, the Small Business Administration (SBA) launched the Paycheck Protection Program (PPP) back in April to help companies reeling from the economic impact of the COVID-19 pandemic. Created under a provision of...

Seniors: Can you deduct Medicare premiums?  If you’re age 65 and older, and you have basic Medicare insurance, you may need to pay additional premiums to get the level of coverage you want. The premiums can be costly, especially if you’re married and both you...

A nonworking spouse can still have an IRA  It’s often difficult for married couples to save as much as they need for retirement when one spouse doesn’t work outside the home — perhaps so that spouse can take care of children or elderly parents. In...

Does your company have an emergency succession plan?  For business owners, succession planning is ideally a long-term project. You want to begin laying out a smooth ownership transition, and perhaps grooming a successor, years in advance. And you shouldn’t officially hand over the reins until...

Businesses revise sales compensation models during pandemic  Economists will look back on 2020 as a year with a distinct before and after. In early March, most companies’ sales projections looked a certain way. Just a few weeks later, those projections had changed significantly — and...