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17
JUN
2020
Re-evaluate your company’s competitiveness in a changed economy

Re-evaluate your company’s competitiveness in a changed economy

The economic slowdown caused by COVID-19 is shifting the competitive landscape in many industries. Business owners need to determine where they stand.
16
JUN
2020
If you’re selling your home, don’t forget about taxes

If you’re selling your home, don’t forget about taxes

Despite a slowdown in real estate sales this spring, many people are still selling their principal residences You may be able to exclude up to $250,000 ($500,000 for married joint filers) of gain. Here are the tax rules for home sales.
15
JUN
2020
Good records are the key to tax deductions and trouble-free IRS audits

Good records are the key to tax deductions and trouble-free IRS audits

A meticulous approach to keeping business records can protect your tax deductions and help make an audit much less painful.
10
JUN
2020
PPP Flexibility Act eases rules for borrowers coping with COVID-19

PPP Flexibility Act eases rules for borrowers coping with COVID-19

Has your business applied for a PPP loan or already acquired funds from this program? If so, the recently passed PPP Flexibility Act has made important changes to the rules.
09
JUN
2020
Seniors: Can you deduct Medicare premiums?

Seniors: Can you deduct Medicare premiums?

If you have medical expenses and you pay Medicare premiums, you know it can be expensive to get the coverage you want. But if you qualify, you can deduct the cost of premiums, along with other medical expenses, on your tax return. Here are the rules.
03
JUN
2020
Does your company have an emergency succession plan?

Does your company have an emergency succession plan?

Business owners are learning many things from the COVID-19 crisis. One of them is the importance of creating an emergency succession plan.
02
JUN
2020
A nonworking spouse can still have an IRA

A nonworking spouse can still have an IRA

If you’re married and you don’t work outside the home, you still may be able to contribute to an IRA. Here are the rules for spousal IRAs.
01
JUN
2020
SMALL BUSINESS TAX BRIEF FOR JUNE 1

Business meal deductions: The current rules amid proposed changes

President Trump has proposed increasing the amount that can be deducted for business meal and entertainment expenses. While it’s unclear if a law could pass that would enhance tax breaks, it’s a good time to review the current rules.
27
MAY
2020
BUSINESS BRIEF FOR MAY 27

Businesses revise sales compensation models during pandemic

The economic slowdown caused by COVID-19 has created major sales challenges. A recent survey reveals how companies are updating their compensation models.
26
MAY
2020
INDIVIDUAL TAX BRIEF FOR MAY 26

Student loan interest: Can you deduct it on your tax return?

The CARES Act has provided some help for people with student loans. And if you do make some payments this year, you may be able to deduct the interest on your tax return. Here are the rules.