COVID-19 Guides for Businesses & Individuals
We are dedicated to the financial success of every client.
Nichols, Cauley, & Associates offers a diverse range of financial services.
Seeking growth and opportunity for your business – together.
WE’RE HERE TO HELP YOU TACKLE AN EVER-CHANGING FINANCIAL ENVIRONMENT WITH PRECISION, EXPERIENCE AND WISDOM.
Accounting is the language of business. It is the communication between business people who may desire different goals and outcomes. By becoming an active member of your financial team, we are able to identify what you desire in life or business, design a plan that helps you achieve your goals, and help you measure performance throughout the process.
Latest News
The Employee Retention Tax Credit – Can Your Organization Benefit?
The Employee Retention Tax Credit Can Your Organization Benefit From This Credit? – What You Need To Know You may have heard about the federal Employee Retention Tax Credit. Many organizations are evaluating this tax credit to determine what benefits the credit may bring their organization. With recently issued guidance from the IRS on implementing…
Continue ReadingAMERICAN RESCUE PLAN ACT OF 2021 – Special Report
President Signs $1.9 Trillion Bill Into Law On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 into law. The Act includes a number of tax provisions, including a third round of direct stimulus payments, enhancements of many personal credits meant to benefit people with lower incomes and children, extensions of…
Continue ReadingPPP SBA Form 3508D
On December 27, 2020, President Trump signed the Consolidated Appropriations Act, 2021 (the Act) into law. The Act provides for significant changes to the Paycheck Protection Program (PPP) and establishes a second round of additional funding for the PPP. Over the past several weeks, the SBA has issued numerous guidance documents and forms to implement…
Continue ReadingSBA PPP Round 2 Guidance
On December 27, 2020, President Trump signed the Consolidated Appropriations Act, 2021 (CAA) into law. A significant revision in this law involves extending and expanding an existing provision from prior 2020 Federal COVID-19 legislation regarding the employee retention credit and paycheck protection program. The CARES Act passed in March 2020 established the following two incentive…
Continue ReadingEmployee Retention Credit Updates
On December 27, 2020, President Trump signed the Consolidated Appropriations Act, 2021 (CAA) into law. A significant revision in this law involves extending and expanding an existing provision from prior 2020 Federal COVID-19 legislation regarding the employee retention credit. The CARES Act passed in March 2020 established the following two incentive programs that provide funds…
Continue ReadingConsolidated Appropriations Act, 2021
On December 27, 2020, President Trump signed the Consolidated Appropriations Act, 2021 into law. The major tax-related provisions are summarized below: COVID-19-related Tax Relief Act of 2020: Additional Recovery Rebate Credit $600 per individual (including dependents) Phase out begins at Adjusted Gross Income of $150,000/$112,500/$75,000 (Married Filing Joint/Head of Household/Others) Advance payments will be based…
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