Full Breakdown: IRS Filing, Payment, and Action Deadlines
Article Highlights: Filing Due Date Postponement Payment Due Date Postponement Extensions Late Filing and Late Payment Penalties Required...
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- Apr 10, 2020
- 3 min
“Main Street” Loan Program to Support Small to Medium-Sized Businesses
On April 9, 2020, the Federal Reserve announced it would be taking additional steps to support the US economy by providing up to $2.3...
- Apr 8, 2020
- 1 min
SBA Loans: Paycheck Protection Program (PPP) vs. Economic Disaster Loan (EIDL) - COVID-19
SBA 7(a) Relief Loans (Paycheck Protection Program) Our best advice at this time is to consult your banker first. Loan amount up to...
- Apr 8, 2020
- 2 min
Employee Retention Credit Available for Businesses Impacted by COVID-19
The Treasury Department and the Internal Revenue Service have launched the Employee Retention Credit, designed to encourage businesses to...
- Mar 26, 2020
- 4 min
What Does the $2 Trillion Stimulus Package Mean for You?
Article Highlights: Recovery Rebate Penalty-Free Retirement Withdrawals Waiver of the 2020 RMD Requirement Temporary Removal of...
- Mar 24, 2020
- 3 min
Update on COVID-19 - Tax Deadlines and Mortgage Relief
Federal - Tax deadlines The Treasury Department and IRS are extending the due date for filing federal income tax returns to July 15,...
- Mar 16, 2020
- 2 min
Coronavirus Tax Relief and more
We're reaching out today to update you on the impact of the COVID-19 global pandemic on the tax and accounting industry and to help...
- Dec 13, 2019
- 3 min
The 1099-MISC Filing Date Is Just Around the Corner – Are You Ready?
Article Highlights: Independent Contractors Non-employee Compensation 1099 Filing Requirement Due Dates Penalties Form W-9 and 1099...
- Dec 13, 2019
- 4 min
Tips to Avoid 2019 Tax Penalties
Article Highlights: Underpayment Penalties Withholding Under-distribution Penalty Required Minimum Distributions IRA-to-Charity...
- Oct 26, 2019
- 1 min
November 2019 Business Due Dates
November 12 - Social Security, Medicare and Withheld Income Tax File Form 941 for the third quarter of 2019. This due date applies only...
- Oct 18, 2019
- 5 min
Employer-Offered Benefits That Can Save You Money and Taxes
Article Highlights: Health Insurance Retirement Plans Qualified Transportation Fringe Benefits Flexible Spending Accounts (FSAs) Group...
- Oct 18, 2019
- 4 min
Don't Overlook These Essential Small Business Tax Credits
At their core, tax credits are a very particular type of benefit designed to offset the actual tax liability associated with SMBs around the
- Oct 11, 2019
- 4 min
Crowdfunding Can Have Unexpected Consequences
Raising money through Internet crowdfunding sites prompts questions about the taxability of the money raised. A number of sites host money-r
- Oct 11, 2019
- 4 min
Is It Better to Have a Tax Credit or a Deduction?
People often say that an expense is “a tax write-off”; most everyone interprets this to mean that the expense will have a tax benefit. Gener
- Oct 4, 2019
- 6 min
Are You Subject to Self-Employment Tax?
Self-employed individuals, unlike employees, don’t have someone withholding Social Security or Medicare (FICA) taxes along with pre-payments
- Sep 27, 2019
- 1 min
October 2019 Business Due Dates
October 15 - Corporations File a 2018 calendar year income tax return (Form 1120 or 1120-A) and pay any tax, interest, and penalties due....
- Sep 27, 2019
- 7 min
Child Daycare and Taxes
Article Highlights: Daycare Providers Simplified Food Deduction Special Rules for Business Use of the Provider’s Home Home Sale...
- Sep 20, 2019
- 3 min
Tax Issues Related to Hobbies
Article Highlights: Hobby Losses Not-for-Profit Rules Determining Factors Trade or Business Presumption Hobby Tax Reporting...
- Sep 20, 2019
- 4 min
How Business Owners Should Conceptualize Their Financial Results
Entrepreneurs don't necessarily need to be numbers people in order to succeed: You need drive, passion, the ability and will to follow thing
- Aug 23, 2019
- 1 min
September 2019 Business Due Dates
September 16 - S Corporations File a 2018 calendar year income tax return (Form 1120S) and pay any tax due. This due date applies only if...
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