Big Tax Breaks for Hiring Your Children in the Family Business
With jobs at a premium during the COVID-19 pandemic, you might consider hiring your children to help out in your business. Financially, it makes more sense to k
Covid-19
What Led to Congress Extending the Paycheck Protection Program?
The Paycheck Protection Program was passed to help SMBs through COVID-19. Congress passed 2 rounds of funding and have now extended the program.
7 Tips To Keep Your Business Afloat During Covid-19
If you are a small business owner impacted by COVID-19, watch this video for what you will need to take a pragmatic view of what has happened and the steps you
Watch Out: The Treasury is Sending Some Stimulus Payments by Debit Card
The government has begun sending out its stimulus payments on debit cards mailed in plain white envelopes, which some people have discarded, thinking it was jun
Congress Liberalizes PPP Loan Forgiveness
If you are the owner of a small business that was able to obtain a Paycheck Projection Program (PPP) Loan, you have probably already started worrying about how
A Novel Way to Make COVID-19 Relief Donations
On March 13, 2020 the President issued an emergency disaster declaration under the Stafford Act as a result of the coronavirus disease pandemic. The disaster ar
Post-Pandemic Trends Shifting the Economy for Small Businesses Everywhere
The economy looks very different as a result of COVID-19, and these major trends will push small businesses to pivot toward digital in the new “normal.&rd
What You Need to Know About the People First Initiative
The IRS introduced the People First Initiative in March to help relieve some of the financial impact of COVID-19 on taxpayers.
IRS and Treasury Release the Latest State-By-State Economic Impact Payment Figures
The Treasury Department and IRS released updated state-by-state figures for Economic Impact Payments (EIPs) on May 22, 2020.
Forced to Return to U.S. From a Foreign Job? IRS Has Provided Time Waivers for Exclusion
The IRS has provided relief for taxpayers who were working abroad and returned to the U.S. because of the COVID-19 pandemic before meeting the foreign residency