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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May 4, 2020
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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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April 29, 2020
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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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April 28, 2020
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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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April 27, 2020
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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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April 22, 2020
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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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April 21, 2020
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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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April 20, 2020
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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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April 15, 2020
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News
What are the key distinctions between layoffs and furloughs?
COVID-19 has forced many business owners to re-evaluate the size of their workforces. The choice between layoffs and furloughs brings up a variety of compliance issues.
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April 14, 2020
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News
COVID-19: IRS announces more relief and details
Expecting an Economic Impact Payment from the IRS? The tax agency has made a few new announcements about the financial relief the government is providing.
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