News

Enjoy tax benefits if you own a vacation home

Published on June 3rd, 2020

Are you planning to use your vacation home soon? If you’re not going to use it, have you considered renting it? Or are you thinking of buying a vacation home? Vacation homes, with proper tax planning, can help create tax benefits. Some types of qualifying vacation or “second homes” which might have escaped your notice […]

Time to Build Your Case For Loan Forgiveness

Published on June 1st, 2020

It’s now time to build your case to ask for loan forgiveness if your business received a loan from the Small Business Administration (SBA) Payroll Protection Program (PPP). That’s because there is now guidance on filling out the new Loan Forgiveness Application. Background Around three quarters of small businesses in the United States requested relief […]

Paycheck Protection Program Provides Safe Harbor for Necessity Certification for Loans Below $2 Million

Published on May 28th, 2020

In these challenging times, we hope you and your loved ones are safe and in good health. Under these extraordinary times, I want to alert you of a recent development regarding the Paycheck Protection Program that may be of interest to you. The Paycheck Protection Program can provide cash-flow assistance through 100% federally guaranteed loans […]

Keep Your Social Security Number Safe

Published on May 27th, 2020

Countries and citizens around the world are banding together to defeat the coronavirus. While your attention is concentrated on protecting your family, friends and community, identity thieves are seeing an opportunity to swipe your confidential information. Very few things in life create a higher degree of stress and hassle than having your Social Security Number […]

Riney Hancock Gives Back

Published on May 19th, 2020

Riney Hancock CPAs is proud to be a supporter of the Little Free Pantry at Germantown Park. In 2019, CYP’s community development committee installed the pantry at Germantown Park to serve as a take what you need food pantry of nonperishable items. CYP works with First Christian Church to keep the pantry stocked. Riney Hancock […]