Ricks & Company LLC

11/20/2020

If your company received a Paycheck Protection Program (PPP) SBA loan the IRS has issued Rev Rul 2020-27 and Rev Proc 2020-51 giving guidance on the taxable nature of the loan expenses and forgiveness.
Even though a company has not received forgiveness before December 31, 2020 the expenses are to be reduced by the assumed forgiveness causing sometimes extreme tax increases.
Please contact Ricks & Company, LLC to discuss how this will impact your company.

03/31/2020

With all of the Coronaviurs Aid, Relief, and Economic Security (CARES) Act your business could benefit from some of the Stimulus it provides. We have information about how you can apply for the SBA loans that can turn into grants.
There are many additional benefits for your business during these trying times. They include:
Deferring payments of payroll taxes from 2020 to 2021 and 2022 without any penalties and interest.
Six month reduction of 504,7(a) debt forgiveness.
Many of these items are somewhat time sensitive and require tax filings, payroll documentation and utility bills but provide so much to troubled businesses.
Please feel free to reach out to our firm to become aware if it can help your business and how to apply.

03/07/2019

That March 15th deadline is almost here. If you know of anyone that has a S Corporation or LLC taxed as a partnership, let them know that penalties for not filing by the 15th or not extending are excessive!
It is not easy to get these penalties reversed. All we need to extend is the Company Name, Address and EIN.
Feel free to give us a call 801-943-9191.

02/12/2019

Received e-mail today from a client that received her refund from the IRS that was efiled on 2/5/2019 ... One week, great turn around!

02/08/2019

If you have received your tax documents in the mail and are ready to file your return please contact us to get the preparation done. We have e-filed returns of all types and had them accepted by the IRS. Beat the rush and give us a call!

01/25/2019

Our Firm has been meeting with many business owners who are somewhat unsure of the requirements for filing 1099's, W-2's and State Sales Tax Forms before January 31, 2019. If you have any questions about doing these filings please contact us at 801-943-9191. The call often saves taxes and penalties!

11/29/2018

Tax planning is much better if done before December 31. After the end of the year many opportunities end. Please contact us if you have any tax planning considerations before the end of the year.

11/14/2018

As a Firm we understand all of the considerations necessary to take the small business 20% deduction. A small business owner can benefit from understanding the specifics of section 199A and receiving the 20% deduction.

05/28/2013

Like Ricks & Company, LLC FaceBook page to attend our
Quick Books Made Profitable Class for Free
Thursday 30th of May
9 AM - 3 PM
at Paychex South Jordan Offices
10757 South River Front Parkway, Ste 200, South Jordan, UT

RSVP ... Lunch is Provided

Call to reserve a seat at 801-699-1694

05/21/2013