COVID-19 Relief Law Turbocharged Employee Retention Credit
Now, retroactive to enactment of the CARES Act in March 2020, thanks to the new COVID-19 relief law, an employer who has or had the PPP in hand can do both the PPP loan and the employee retention credit.
PPP Forgiveness Rules for Past, Current, and New PPP Money
Done right the PPP loan is 100 percent forgiven. The word “loan” makes some businesses leery of this arrangement. Don’t be. The PPP monetary arrangement is a true “have your cake and eat it too” deal.
ABLE Accounts: For the Disabled and Their Families
If you have a disabled or blind child or other family member, or are disabled or blind yourself, you should know about ABLE accounts.
PPP Alert: New Shot for Your Tax-Free Cash
Who wants a loan? No one. Well, almost no one.But who wants a cash gift, tax-free?
New Stimulus Law Grants Eight Tax Breaks for 1040 Filers
The new, massive stimulus bill enacted into law on December 27, 2020, contains eight new tax breaks designed to help the non-business taxpayer.
Thinking of Moving to a Lower-Tax State? Tax Angles to Consider
If you’re considering moving to a different state, taxes in the new state may be the deciding factor—especially if you expect them to be lower.
IRS Efforts to Destroy Tax Deductions for PPP Paid Expenses
See how this will affect the deductibility of your PPP Paid Expenses and how you can help urge lawmakers to fix this issue.
Year-End Tax Strategies for Your Stock Portfolio
7 Strategies to help you avoid the high taxes (up to 40.8 percent) on short-term capital gains and ordinary income or lower those taxes to ZERO.
Using Whole or Partial Rooms For Your Home Office
With the COVID-19 pandemic still going on, you may be spending more time working from your home office. You may have taken some extra rooms for your business use. Is that okay?
Tax-Smart College Savings Strategies for Parents
College costs lots of money these days, so saving for your college-bound child is a big deal. Saving in a tax-smart fashion can really help.
Good News If Your PPP Loan Is for $50,000 or Less
You are likely at or nearing the stage where you are thinking of applying for your Paycheck Protection Program (PPP) loan forgiveness. Here is some good news!
COVID-19: IRS Goes Easy on Taxpayers Who Owe BackTaxes
Many taxpayers are struggling to pay their taxes due to the coronavirus (COVID-19) pandemic. See what options are available to you.