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Welcome to


The Learning Center

One of our core values is empowerment through education - it means a lot to us.

The Learning Center was made as a resource for business owners and inquisitive individuals who want to learn more about the current world of taxes and accounting.  If that sounds like you, you're in the right place.

Reach out if you have any questions.  Thanks!

4 min read

Congress Liberalizes PPP Loan Forgiveness

By Sean DiMercurio CPA CGMA on Jun 12, 2020

If you are the owner of a small business that was able to obtain a Paycheck Projection Program (PPP) Loan, you have probably already started worrying about how you are supposed to spend the loan proceeds to maximize loan forgiveness.

Topics: Tax Tax - Business Cash Flow Coronavirus
3 min read

Working from home during the COVID-19 outbreak? It probably won’t save you much on your taxes.

By Sean DiMercurio CPA CGMA on Apr 09, 2020

Even if you always hire a tax preparer to do your taxes for you, you probably know that the most effective way of reducing your tax liability is through deductions and tax credits. Since one of the biggest deductions available is the one taken for home office space, in this strange and disorienting period of isolation due to the COVID-19 pandemic, many workers who’ve been told to work from home are wondering whether they’ll be eligible for that additional tax benefit. Unfortunately, the short answer to that question is probably “no.”

Topics: Tax Tax - Individual Tax - Business Coronavirus
2 min read

Self-Employed and Independent Contractors Now Qualify for Unemployment Benefits

By John Kirkland on Apr 07, 2020

The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27th by President Trump, includes an unemployment assistance program for individuals who under normal circumstances would not qualify for unemployment benefits, which traditionally have only applied to employees. Under the CARES Act, unemployment benefits are now available for self-employed individuals, independent contractors and others – even some with limited work history – who are unable to work because of the coronavirus emergency.

Topics: Tax - Individual Coronavirus Contractors
3 min read

Stimulus Legislation Includes SBA Loan Forgiveness

By John Kirkland on Apr 03, 2020

Among the hardest hit during the coronavirus epidemic are the small businesses that have lost their revenue sources and do not have the financial resources to weather the storm. In this case, the federal government’s SBA (Small Business Administration) Economic Injury Disaster Loan (EIDL) can help a business make it through these trying times.

Topics: Tax Tax - Business Coronavirus
3 min read

Running Low on Money? Congress Has Made it Easier for You to Tap Your Retirement Savings

By Sean DiMercurio CPA CGMA on Apr 03, 2020

If you are struggling financially due to the COVID-19 epidemic, you will be happy to know Congress, as part of the CARES Act enacted on March 27, has made it easier for you to access your retirement funds during this emergency.

Topics: Tax Tax - Individual Coronavirus
34 min read

How can I file for unemployment in the United States?

By Sean DiMercurio CPA CGMA on Apr 02, 2020

In these times of uncertainty, governments all over the world are taking unprecedented action to support people who have been adversely affected by the COVID-19 pandemic. On March 12th, the U.S. Department of Labor released updated eligibility criteria for unemployment insurance (UI) programs to include people that have become unemployed as a direct result of the coronavirus outbreak.

Topics: Tax - Individual Coronavirus Contractors
2 min read

Tax Credit Pays for Keeping Employees on Payroll

By John Kirkland on Apr 01, 2020

To help businesses retain employees and keep them employed during the COVID-19 crisis, Congress has provided a refundable employer retention credit available to all qualifying employers regardless of size, including tax-exempt organizations.

Topics: Payroll Tax - Business Running Your Business Employees Coronavirus
4 min read

What Does the $2 Trillion Stimulus Package Mean for You?

By Sean DiMercurio CPA CGMA on Mar 27, 2020

The “Coronavirus Aid, Relief, and Economic Security Act” (Cares Act) includes many tax and financial breaks for both individuals and businesses. We broke down many of the essential elements and how they can assist you and your business during this troubling time.

Topics: Coronavirus
7 min read

Q&A: Understanding SBA Disaster Loans and What They Mean for You

By Sean DiMercurio CPA CGMA on Mar 27, 2020

If you’re a small business owner struggling financially due to the COVID-19 outbreak, there is help available. The SBA is offering Economic Injury Disaster Loans of up to $2 million – here are answers to the FAQs.

Topics: Coronavirus