Accounting estimates present challenges in times of uncertainty
In today’s unprecedented market conditions, it can be challenging to predict metrics that underlie your company’s accounting estimates. Examples of…
7 Valuable Deductions for Self-Employed Individuals
If your business was forced to close due to the pandemic, you may be itching to get back in the…
Plan ahead for the 3.8% Net Investment Income Tax
High-income taxpayers face a 3.8% net investment income tax (NIIT) that’s imposed in addition to regular income tax. Fortunately, there…
UPDATE: Paycheck Protection Program – Extended to May 31
On March 30, 2021, President Biden signed the PPP Extension Act of 2021 into law, extending the Paycheck Protection Program…
American Rescue Plan Act of 2021
On March 11, 2021, President Biden signed into law the $1.9 trillion American Rescue Plan Act of 2021. The legislation…
IRS Extends Deadline
Many news agencies, late yesterday and this morning, have been reporting the IRS is planning to extend the April 15,…
4 Important Changes on Your 2020 Tax Return
Tax season has started. Your tax professional is ready to prepare your 2020 federal and state returns — but are…
Updates to PPP Loan Amounts for Schedule C Filers
On March 3, 2021, the Small Business Administration released new Frequently Asked Questions, Interim Final Rules and multiple new forms…
Uncertain PPP Taxation for State Taxes
Uncertain PPP Taxation for State Taxes In late December 2020, taxpayers received resolution that they would not only be exempt…
Webinar: The Employee Retention Credit: New Rules and Greater Impact
The Employee Retention Credit (ERC), a lucrative credit, was not utilized by many in 2020. Previously, the credit was not…