New Law Permits Deduction of PPP Expenses
The Consolidated Appropriations Act, 2021, signed into law on December 27, 2020, specifies that business expenses paid with forgiven PPP loans are […]
Category: News
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) […]
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, […]