The 2019 gift tax return deadline is coming up
April 13, 2020
If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to…
Relief from not making employment tax deposits due to COVID-19 tax credits
April 13, 2020
The IRS has issued guidance providing relief from failure to make employment tax deposits for employers that are entitled to the…
Just launched: The SBA’s Paycheck Protection Program
April 8, 2020
To stem the tide of joblessness caused by the coronavirus (COVID-19) outbreak, the Small Business Administration (SBA) has officially…
Answers to questions about the CARES Act employee retention tax credit
April 6, 2020
The recently enacted Coronavirus Aid, Relief, and Economic Security (CARES) Act provides a refundable payroll tax credit for 50% of wages…
Coronavirus (COVID-19): Small Business Guidance and Loan Support for Paycheck Protection Program and Others
April 3, 2020
The economic crisis hitting small business owners is moving fast, so we wanted to quickly share with you details of provisions…
Business Tax Relief provided by the CARES Act
April 3, 2020
We hope that you are keeping yourself, your loved ones, and your community safe from COVID-19 (commonly referred to as the Coronavirus).…
Individual Tax Relief Provided By The CARES Act
April 2, 2020
We hope that you are keeping yourself, your loved ones, and your community safe from COVID-19 (commonly referred to as the Coronavirus).…
Using your financial statements during an economic crisis
April 2, 2020
The economic fallout from the coronavirus (COVID-19) pandemic has forced business owners to reevaluate their operations and make……
Business TaxesBusinessCOVID-19
The new COVID-19 law provides businesses with more relief
April 1, 2020
On March 27, President Trump signed into law another coronavirus (COVID-19) law, which provides extensive relief for businesses and…
Cash payments and tax relief for individuals in new law
April 1, 2020
A new law signed by President Trump on March 27 provides a variety of tax and financial relief measures to help Americans during the…
Federal Government Tax-Related Actions Taken to Date Regarding COVID-19
March 27, 2020
We know right now your highest priority is the health of those you love and yourself. If you have time to read about some non-medical but…
SBA offering loans to small businesses hit hard by COVID-19
March 27, 2020
Every company has faced unprecedented challenges in adjusting to life following the widespread outbreak of the coronavirus (COVID-19).…
Family and Medical Leave Act (FMLA) Expanded to Provide Relief to Those Affected by COVID-19
March 26, 2020
“The Families First Coronavirus Response Act” (FFCRA), which goes into effect April 2, 2020 and expires December 31, 2020, responds to the…
U.S. Small Business Administration (SBA) Offering Disaster Assistance In Response To COVID-19
March 26, 2020
Under the recently enacted Coronavirus Preparedness and Response Supplemental Appropriations Act (the Act), small businesses that have…
Tax Update: Tax Filing and Payment Deadline Extension
March 26, 2020
Filing and payment deadlines deferred. After briefly offering more limited relief, the IRS almost immediately pivoted to a policy…
IRS FAQs Answer Filing, Payment Postponement Questions
March 26, 2020
In a series of frequently asked questions (FAQs) on its website, IRS has provided answers with respect to its recently-announced guidance…
Coronavirus (COVID-19): Tax relief for small businesses
March 25, 2020
Businesses across the country are being affected by the coronavirus (COVID-19). Fortunately, Congress recently passed a law that provides…
Individuals get coronavirus (COVID-19) tax and other relief
March 24, 2020
Taxpayers now have more time to file their tax returns and pay any tax owed because of the coronavirus (COVID-19) pandemic. The Treasury…
The difference between a mission statement and a vision statement
March 18, 2020
Many business owners put off writing a mission statement. Who has time to write down why you’re in business when you’re busy trying to……
How business owners may be able to reduce tax by using an S corporation
February 25, 2020
Do you conduct your business as a sole proprietorship or as a wholly owned limited liability company (LLC)? If so, you’re subject to both…
Do you want to go into business for yourself?
February 25, 2020
Many people who launch small businesses start out as sole proprietors. Here are nine tax rules and considerations involved in operating as…
Answers to your questions about 2020 individual tax limits
February 25, 2020
Right now, you may be more concerned about your 2019 tax bill than you are about your 2020 tax situation. That’s understandable because…
Look closely at your company’s concentration risks
January 29, 2020
The word “concentration” is usually associated with a strong ability to pay attention. Business owners are urged to concentrate when…
3 best practices for achieving organic sales growth
January 23, 2020
Most business owners would probably agree that, when it comes to sales, there’s always room for improvement. To this end, every company…