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SMALL BUSINESS TAX BRIEF FOR MAY 11
May 11, 2020 / News

Business charitable contribution rules have changed under the CARES Act

Food and financial insecurity have increased during the coronavirus (COVID-19) pandemic. If your business is donating to charity to help ease the pain, you may be eligible for enhanced charitable donation deductions.
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BUSINESS BRIEF FOR MAY 6
May 6, 2020 / News

Subchapter V: A silver lining for small businesses mulling bankruptcy

Bankruptcy has become a possibility for many small businesses. The newly created Subchapter V of the U.S. bankruptcy code may offer a ray of hope for some companies.
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INDIVIDUAL TAX BRIEF FOR MAY 5
May 5, 2020

Do you have tax questions related to COVID-19? Here are some answers

If you’re like most Americans, the coronavirus (COVID-19) pandemic has led to many questions. Health issues are of utmost concern but you may also have many financial questions. Here are some answers.
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SMALL BUSINESS TAX BRIEF FOR MAY 4
May 4, 2020 / News

The CARES Act liberalizes net operating losses

The CARES Act includes favorable changes to the rules for deducting net operating losses (NOLs). Here’s how.
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BUSINESS BRIEF FOR APRIL 29
April 29, 2020 / News

Adjust your expectations of business interruption coverage

Business interruption insurance may seem like an ideal risk management measure to deploy during the COVID-19 crisis. But many business owners are likely facing an uphill battle when seeking payouts.
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INDIVIDUAL TAX BRIEF FOR APRIL 28
April 28, 2020 / News

IRA account value down? It might be a good time for a Roth conversion

Consider turning a stock market downturn into a tax-saving opportunity by converting a traditional IRA into a Roth IRA.
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SMALL BUSINESS TAX BRIEF FOR APRIL 27
April 27, 2020 / News

Hiring independent contractors? Make sure they’re properly classified

During these tough times, your business may be saving money by using independent contractors, rather than hiring employees. Make sure to follow all the rules or you could hear from the IRS.
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BUSINESS BRIEF FOR APRIL 22
April 22, 2020 / News

IRS extends some (but not all) employee benefit plan deadlines

You’ve probably heard that the IRS has extended many tax filing and payment deadlines. But, as a business owner, do you know how these extensions affect your employee benefit plans?
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INDIVIDUAL TAX BRIEF FOR APRIL 21
April 21, 2020 / News

Answers to questions you may have about Economic Impact Payments

As the Economic Impact Payments (EIPs) continue to go out, the IRS has released information about why you might not have gotten a payment. There’s also a new tool to check the status of your EIP.
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SMALL BUSINESS TAX BRIEF FOR APRIL 20
April 20, 2020 / News

New COVID-19 law makes favorable changes to “qualified improvement property”

A drafting error by Congress meant that some improvements to interior parts of nonresidential buildings had to be deducted over 39 years. But a new law that provides COVID-19 relief fixes the error and may result in revenue for eligible businesses.
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