Blog
My Philadelphia area Small Business Health Quiz (Part 1)
Last week, when I wrote my message to our Philadelphia area business clients, the biggest news was the second round of the PPP, and that expenses covered under the first round of it would be tax deductible.Has anything happened since then?Goodness, even just the...
Provisions of the Second Coronavirus Relief Bill That Affect Philadelphia area 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 Montgomery County business clients....
Ultra Last Minute Tax Moves for Philadelphia area 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...
Mike Sexton’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...
Sexton’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 M. Sexton, CPA PC.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 brain wants...
The Cares Act, Philadelphia area 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 Philadelphia area business...
An Important PPP Loan Update For Philadelphia area 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 some of my...
Mike Sexton’s Reasons for Gratitude for 2020
With all of the insanity of 2020, it seems a bit crazy (and a bit of a relief, to be frank) that we now find ourselves in Thanksgiving week in Philadelphia area.I have some thoughts, which are perhaps a bit more meditative than normal, because of how this holiday...
8 Important Steps for Philadelphia area 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 Philadelphia area 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 Philadelphia area Business Focused During Distracting Times
Apparently there's some news happening around us in Philadelphia area these days.I often use this space to share Montgomery County-specific, detailed information about PPP forgiveness, tax code updates, leadership and marketing strategy, expense reduction, and more --...
Why a Pre-Mortem Analysis for Any New Philadelphia area 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...