New Round of PPP Loans Authorized by Congress
Part of the Consolidated Appropriations Act, 2021, signed into law on December 27, 2020, authorizes another round of Paycheck Protection Program (PPP) […]
Category: News
New COVID-19 Relief Bill Signed Into Law
On December 27, President Trump signed into law the COVID-19 relief bill that was passed by Congress on December 21, 2020. The […]
IRS Confirms Expenses Paid with PPP Loans Not Deductible in 2020
In guidance issued in late November, the IRS confirmed that taxpayers that received a Paycheck Protection Program (PPP) loan and that paid […]
Tax Savings for Non-Itemizers
A common misconception in tax filing is that those who use the Standard Deduction instead of itemizing deductions have few additional benefits […]
Six Ideas to Lower Your Taxes This Year
As we approach the end of the year, there’s still time to reduce the taxes you owe in 2020. Here are six […]
Stimulus Check Registration Deadline Extended
The deadline to register for your stimulus check (or more properly, your “Economic Impact Payment”) using the Non-Filers tool has extended to […]
What to Do When Closing a Business
Closing a business is never an easy decision to make. Nonetheless, it’s sometimes necessary and not all that uncommon. If you find […]
Managing Your 401(k) When Changing Jobs
With unemployment at historicly high levels, a lot of people find themselves changing jobs. If you are one of them, be sure […]
What to Know About the Home Office Deduction
Amid this global pandemic, a lot of people find themselves working from home, rather than traveling to an office. Because of this, […]
Be Cautious of Temporary Payroll Tax Holiday
A payroll tax holiday effective September 1 was recently signed via a presidential executive order. Payroll tax holidays typically provide forgiveness of […]