Category Archives: Key Deductions or Credits

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

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

22 July 2020

Can I Claim a Home Office Deduction During COVID?

Many of us have rearranged, redecorated, or reimagined our homes to convert them into office spaces this year due to COVID-19. This new swell of people working remotely has sparked questions regarding home office expenses and whether they qualify for … Continue reading

22 June 2020

When is My Capital Gains Rate 0%?

With a tax planning opportunity for just about everything, seeking to pay 0% on capital gains is no exception. There are quite a few planning strategies you can do to realize tax-free earnings on profits from capital assets. When you … Continue reading

24 April 2020

360º Business Panel Discussion on the Impacts of COVID-19

Live Webinar: Wednesday, April 29 at 8:00 PM Are you curious about what the status of the pandemic means for your business + industry? When and how do we get back to business as usual? We’ve put together a dynamic panel … Continue reading

5 April 2020

The CARES Act: An Overview for Businesses

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on Friday, March 27, making it the largest emergency stimulus package in the history of the United States. The CARES Act comes in response to the coronavirus … Continue reading

4 April 2020

The CARES Act: An Overview for Individuals

The CARES Act unlocks critical relief for individual taxpayers who are in need of an economic lifeline amid the COVID-19 pandemic.   Recovery Rebate for Individual Taxpayers The CARES Act includes a provision offering a one-time “2020 recovery rebate” of … Continue reading

3 April 2020

Small Business Owners: The Scoop on the Paycheck Protection Program

Ice-cream shops, bookstores, and coffee shops are among people’s top favorite places to visit, probably because they create such valuable, personalized experiences each time we visit. Many of them are built from the ground up by small business owners, sole … Continue reading

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