Blog
Provisions of the Second Coronavirus Relief Bill That Affect Washington DC Small Businesses
Wow, does it ever feel good to have turned the page on 2020. This first "working week" is when I finally began to feel the newness of it all.Yes, it's "just a date" on a Gregorian calendar, but ...2021 holds great promise for our Maryland business clients. With the...
Kevin Smoot’s Annual Holiday Prayer
Well, Congress seems to have heard the cries of the huddled masses of SMB's around the country, and more PPP funding is (seemingly) on the way.Details aren't finalized yet as of this writing, so I will have more to say on these matters in future weeks.Even these early...
Ultra Last Minute Tax Moves for Washington DC Businesses
It's going to take us many weeks to digest everything in this massive omnibus of a relief bill that the President signed on Sunday night.And with year-end barrelling at us (2021 is on FRIDAY), it's unlikely that we will be able to make substantive action on your...
Smoot’s Guide To Getting Tasks Done
Maybe I'm writing this today because we're very much feeling the end-of-year crunch here at Team AccountAbility Tax Services.Really, we only have a few business days left before 2020 is in the rearview. Yes, my heart wants that to happen YESTERDAY, but my business...
An Important PPP Loan Update For Washington DC Business Owners
There's both good news (for some) and bad news (for many) as we round the corner into December.And I'm not talking about our culture, or politics, or sports, or anything like that.I'm talking about TAXES. I'll start with the good news. This is applicable to...
The Cares Act, Washington DC Business Owners, And Student Loan Repayment
2021 is hurtling at us, isn't it? May it ever come sooner.Well, except for this part:I'm here to remind you that while we can (and, often, do) do wonders with "after the fact" tax return information, the best work we can do for you and your Washington DC business is...
8 Important Steps for Washington DC Non-Profits Before Year-End
With the increased standard deduction this past year ($12,400 single, $24,800 married filing jointly, $18,650 head of household), some smaller charities began to see a decrease in donations.This year might be worse.Yes, I hate to be the one to say these things, but...
The Seven Primary Tasks For Any Washington DC Business Team
A week past the election, and still plenty of disagreement about the results.That means this is another week where you have the opportunity for the other chumps out there to get massively distracted by the political war games ... while you go about quietly building...
Keeping Your Washington DC Business Focused During Distracting Times
Apparently there's some news happening around us in Washington DC these days.I often use this space to share Maryland-specific, detailed information about PPP forgiveness, tax code updates, leadership and marketing strategy, expense reduction, and more -- all...
Why a Pre-Mortem Analysis for Any New Washington DC Business is a Necessity
Right about now, there are writers and analysts already preparing the articles about why the Trump campaign failed. AND right about now, they might be doing the exact same thing in regards to the Biden campaign.Obviously, as of this writing, we have no idea what's...
Kevin Smoot’s Perspective On Proposed New Tax Policies
Oh, you thought I would tell you who I thought would win the presidential election?Nope, I'm not going there.I'm a tax professional though, and I'm not immune to conversations about proper planning for either eventuality. In my opinion, however, the BEST advice about...
How To Approach Bigger Business Players In Washington DC or Your Niche
Local Washington DC business owner to local Washington DC business owner(though you might actually be out of the area -- but this still applies), I want to remind you of something that you probably already know:With the election just one month away, the world is...
