Featured 
Guidance to business owners navigating through COVID-19

During this time of uncertainty, we want to provide our clients with some guidance outside the lines of the bill that was signed today (March 19th) by President Trump.

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COVID-19 
Paycheck Protection Program (“PPP”)

Starting April 3, 2020, small businesses and sole properties can apply for loans to cover payroll and other certain expenses through the Paycheck Protection Program (“PPP”).  Subject to certain limitations, loans made under this program are forgivable if used for payroll, rent, and utilities during a specified period after the loan is funded. Click here

COVID-19 
3 key provisions on the CARES Act

The following provides an overview of some of the key provisions under the CARES Act which provides funding to help stabilize the U.S. economy over the coming weeks and months. While this document covers provisions from the legislative text, many of the parameters of the assistance authorized by the CARES Act will be determined in coming days and

COVID-19 
Iowa Small Business Relief

Governor Reynolds announced the launch of a new Iowa Small Business Relief Program on March 23rd. The program will provide financial assistance to small businesses economically impacted by the COVID-19 pandemic. The application deadline is March 31, 2020 at 12pm (noon). Further, do not hesitate to contact a Hancock Dana representative soon to see if

COVID-19 
CARES Act

The Senate passed the CARES Act on March 26, 2020. The Act will need to pass the House and be signed by President Trump. The Nebraska Society of CPAs summarized the Act here. Meanwhile, we are working on developing guidance for businesses as the Act includes mutually exclusive provisions that need to be evaluated on

COVID-19 
Suggestions surrounding disaster relief programs

***Some information below is subject to change given the fast-moving nature of the current situation, please reference our most current posts for up to date information.*** Here is a list of suggestions surrounding COVID-19 and what you can do for your business: Does borrowing additional funds with the SBA Disaster Loan program make sense? For

News 
Updates regarding SBA disaster loans

***Some information below is subject to change given the fast-moving nature of the current situation, please reference our most current posts for up to date information.*** Governor Ricketts announced on 3/20/20 that NE has been designated by Washington as a federal disaster area.  The declaration details can be found by clicking here.  This designation allows

News 
Guidance to business owners navigating through COVID-19

During this time of uncertainty, we want to provide our clients with some guidance outside the lines of the bill that was signed today (March 19th) by President Trump.

News 
Submitting tax information this filing season

With the income tax return filing season in full swing and the April 15th deadline approaching, we urge clients to submit all tax-related documents soon. Our office is closed to the public, however, a secured dropbox is available for those needing to drop off tax information. The dropbox is located in the lobby of our

TCJA 
How rental real estate business can sail into a tax deduction safe harbor

Revenue Procedure 2019-38, issued by the IRS in 2019, creates a safe harbor permitting certain interests in rental real estate to qualify for the Section 199A qualified business income (QBI) deduction.