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After you file your tax return: 3 issues to consider
July 7, 2020 / News

After you file your tax return: 3 issues to consider

Once your 2019 tax return has been filed, there still may be some issues to consider. We’re often asked about refund status, record retention and amended tax returns. Here are some answers.
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Steer clear of the Trust Fund Recovery Penalty
July 6, 2020 / News

Steer clear of the Trust Fund Recovery Penalty

The “Trust Fund Recovery Penalty” is among the more dangerous tax penalties facing business owners and managers with employees. Here’s why.
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Assessing productivity as you cope with the pandemic
July 1, 2020 / News

Assessing productivity as you cope with the pandemic

Have you considered how your business should measure employee productivity during the pandemic? It’s a tricky question that warrants a thoughtful approach.
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Some people are required to return Economic Impact Payments that were sent erroneously
June 30, 2020 / News

Some people are required to return Economic Impact Payments that were sent erroneously

Millions of people have already received their Economic Impact Payments, which are being sent by the government to help mitigate the effects of COVID-19. In some cases, the payments should be returned.
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Haven’t filed your 2019 business tax return yet? There may be ways to chip away at your bill
June 29, 2020 / News

Haven’t filed your 2019 business tax return yet? There may be ways to chip away at your bill

The CARES Act, which passed in 2020, includes some retroactive tax relief for businesses. Some provisions may be beneficial on a tax return that hasn’t been filed yet (or you may be able to take advantage of them on an amended return if you already filed).
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SBA reopens EIDL program to small businesses and nonprofits
June 24, 2020 / 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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SMALL BUSINESS TAX BRIEF FOR JUNE 22
June 22, 2020 / 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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Re-evaluate your company’s competitiveness in a changed economy
June 17, 2020 / 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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If you’re selling your home, don’t forget about taxes
June 16, 2020 / 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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Good records are the key to tax deductions and trouble-free IRS audits
June 15, 2020 / 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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