Tax Time is Around the Corner! Are You Ready?
Tax time is just around the corner, and if you are like most taxpayers, you are probably facing the ominous chore of compiling records in preparation for your t
Increased Business Meal Deductions for 2021 and 2022
If you recall, the Tax Cuts and Jobs Act (TCJA), effective beginning in 2018, eliminated the business-related deduction for entertainment, amusement or recreati
Charitable Contributions Deduction Liberalized for 2021
As a means to stimulate charitable contributions during the COVID crisis, Congress made two notable changes for 2020—one allowing taxpayers that don&rsquo
Congress Has Authorized a Second Round of PPP Loans
Congress passed, and President Trump signed, the Consolidated Appropriations Act, 2021. Included in its approximately 5,600 pages is a second draw of forgivable
How Biden’s Rescue Plan Might Impact Your Taxes
President Biden released his “American Rescue Plan” on January 14. It is a wish list of proposals he wants Congress to enact to address the COVID-19
4 Questions Business Owners Should Consider During 2020
As you begin the process of filing your 2020 business tax return, don’t forget to consider some of the ways COVID-19 may have affected things.
IRS Offers New Identity Protection for Taxpayers
In the past, the IRS has assigned verification numbers to victims of identity theft to file their tax returns, if requested by the victimized individual. These
Beware: These Tax Return Red Flags Could Catch the Eye of the IRS
Receiving an audit notification can be a scary thing for any taxpayer. Here are some of the tax return red flags that could spark the interest of the IRS.
Should You Charge Late Fees? QuickBooks Can Help
Do you have a lot of aging receivables? Assessing finance charges can speed up customer payments.
Video: COVID Tax Relief Act Updates
The recently released COVID Tax Relief Act provided more than extended unemployment relief and stimulus payments. See a summary of the benefits and if they appl