Business Interruption Claims
Partner with an experienced team of CPAs to help you create saving opportunities both now and in the future.
Help with Business Interruption Insurance Claims
Rely on Smith Schafer experts to accurately measure your difficult business interruption losses. We can add credibility to your business interruption insurance claim by calculating income losses using commonly accepted techniques.
Smith Schafer experts can help with:
Claim preparation
Loss estimates
Financial impact
Litigation support
Calculations
We have over 45 years of experience assisting businesses effectively manage interruption insurance claims.
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COVID-19 Resources
PPP Update & What You Need to Know About the Employee Retention Credit
The new relief bill provides support for businesses during the ongoing pandemic. Learn more about what this could mean for you regarding PPP loans and the Employee Retention Credit.
Tax-Related Items from the Recent COVID-19 Stimulus Bill
Late in the day on Monday, December 21, Congress passed a comprehensive stimulus package. There are several key tax-related provisions in the bill.
IRS Formally Clarifies PPP Expense Position
The IRS issued Revenue Ruling 2020-27 on November 18th, formally denying the ability to deduct expenses related to PPP forgiveness. In the ruling, the IRS clarified the deduction for PPP expenditures is denied in the period the expenses were incurred (2020), even if the taxpayer waits until 2021 to apply for forgiveness.