At Pine & Co., the health of our team, clients, and families is of upmost importance. In support of community health during the COVID-19 pandemic, our team has shifted to remote work. Rest assured, this temporary operational change will not impact our services. Click here for more information.

Increased Charitable Contribution Limits Under CARES Act

By | News, Small Business Owners, Taxes

Among the changes made to the tax code in response to the coronavirus pandemic (COVID-19) are two provisions under the CARES Act (Pub. L. No. 116-136) increasing the limitations on charitable deductions made in cash. Here’s what you need to know. For 2020, you will be allowed a deduction for up to $300 of your charitable contributions even if you do not itemize. Contributions made to private non-operating foundations, supporting organizations, and donor-advised funds do not qualify for this provision. In past years, your deduction for charitable contributions made in cash has been limited to 50% or 60% of your…

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Financial Benefits of a Remote Workforce

The Financial Benefits of Remote Employees

By | Business Finance, Small Business Owners

Right now, you’re more than likely asking yourself: How can I cut costs for my small business?  Finding smart ways to reduce expenses will not only help your business recover in the short-term, but it will also mean leaner, more profitable operations in the years to come. One result of our communities’ efforts to “flatten the curve” was an unprecedented wave of remote work. For some businesses, their services, business model, and technology made it an easy transition. For others, it meant abandoning certain products or services and innovating to maintain cash flow. The abrupt social distancing was not an…

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Employer Information from the Texas Workforce Commission

Employer Information from the Texas Workforce Commission

By | Small Business Owners, Business Finance

The below-pasted email was sent to all business owners and employers in Texas. It offers some good employer information from the Texas Workforce Commission. Employer Information from the Texas Workforce Commission Dear Texas Employers, With uncertainty surrounding COVID-19, the Texas Workforce Commission continues to offer Texas employers our full support. From legal questions regarding work from home policies to resources for loans, we are here to answer your questions and help ensure things go as smoothly as possible. This is not a normal email list we distribute to, but with the impact of the COVID-19, we wanted to reach out…

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