June 24, 2020
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News
SBA reopens EIDL program to small businesses and nonprofits
Small business owners: More COVID-19 relief now available! The SBA has reopened its Economic Injury Disaster Loan (EIDL) and EIDL Advance program.
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June 22, 2020
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News
Launching a business? How to treat start-up expenses on your tax return
In the midst of the COVID-19 crisis, some entrepreneurs are kicking off new businesses. Here’s how start-up expenses must be handled on a federal tax return.
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June 17, 2020
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News
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.
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June 16, 2020
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News
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.
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June 15, 2020
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News
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.
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June 10, 2020
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News
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.
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June 9, 2020
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News
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.
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June 3, 2020
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News
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.
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June 2, 2020
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News
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.
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June 1, 2020
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News
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.
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