As we head into a new year, the IRS has set 2021 inflation adjustments for over 60 tax provisions. Here’s a snapshot of the most important changes, including the tax rate and schedules, income limits for IRA contributions, and more. … Continue reading
Category Archives: Financial Planning
5 January 2021
Key Adjustments for 2021 – What You Need to Know
11 November 2020
Year-End Tax Planning for Businesses
With a new president taking office, an ongoing pandemic, and unprecedented tax law changes over the past few years, this could be the most important tax planning year yet. This article will review 2020 legislative tax changes affecting businesses and … Continue reading
2 November 2020
Bookkeeping Tasks to Prepare for Year-End Close
With the end of the year quickly approaching, have you taken the necessary steps in order to close out the year? This article will highlight some points to remember as you prepare for year-end. By taking the time to consider what needs to be … Continue reading
26 October 2020
Year-End Tax Planning for Individuals
We recognize the impact this unimaginable year has had on all of us. There have been immeasurable shifts in our society, but our unwavering commitment to help guide you with our resources and expertise remains steadfast. Here are some planning … Continue reading
28 September 2020
5 New Updates on Economic Impact Payments
New information continues to unfold as Congress provides clarity on several aspects of the economic impact payments and discusses a potential second round of stimulus checks. IRS Notice 1444 Under the CARES Act, the IRS deposited or mailed the first … Continue reading
16 September 2020
5 Retirement Plan Options for Self-Employed Business Owners
Owning your own business gives you a great deal of freedom to make your own choices. It also comes with a lot of responsibility as well, such as estimating and paying your own quarterly taxes, hiring reliable employees, and … Continue reading
25 August 2020
The Ins and Outs of Quarterly Estimated Taxes
[Next Estimated Tax Deadline: September 15] There’s been a lot of movement in the small business space since COVID-19 has created unprecedented disruption since earlier this year. Many people were forced to rethink their careers or close up shop, while … Continue reading
3 August 2020
What Small Businesses Need to Know About PPP Loans
As borrowers face deadlines and near the end of covered loan periods, many questions are being asked about PPP loan requirements and forgiveness eligibility. There’s still much-needed clarification awaited by the U.S. Small Business Administration (SBA), but here’s an up-to-date rundown … Continue reading
30 July 2020
5 Reasons to Hire Your Child
Many small business owners are in search of reliable, strong staff during these difficult times. So, why not hire your child (or grandchild)? It could pay off big time. If you have a teenager at home, there’s a number of … Continue reading
3 July 2020
10 Ways to Improve Your Cash Flow
Cash flow is king. It is the lifeblood of any business. Often referred to as “working capital,” cash flow is the movement of money going in and out of your business and provides a lens into the health of your … Continue reading
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