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, 20203 min read
“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, 20201 min read
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, 20202 min read
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, 20204 min read
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, 20203 min read
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, 20202 min read
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, 20193 min read
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, 20194 min read
Tips to Avoid 2019 Tax Penalties
Article Highlights: Underpayment Penalties Withholding Under-distribution Penalty Required Minimum Distributions IRA-to-Charity...
Oct 26, 20191 min read
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, 20195 min read
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, 20194 min read
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, 20194 min read
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, 20194 min read
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, 20196 min read
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, 20191 min read
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, 20197 min read
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, 20193 min read
Tax Issues Related to Hobbies
Article Highlights: Hobby Losses Not-for-Profit Rules Determining Factors Trade or Business Presumption Hobby Tax Reporting...
Sep 20, 20194 min read
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, 20191 min read
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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