tppblog

United against the TaxMan.

Some say taxes are a fact of life. This blog says otherwise.

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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.

Christopher Ragain

COVID-19 Relief Law Boosts Temporary Tax Deductions and Credits

As you would expect in these unusual times, some of the relief is in the form of direct government financial assistance and some is from tax benefits that can impact both tax year 2020 and tax year 2021.

Christopher Ragain

Most Recent

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.

Christopher Ragain

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.

Christopher Ragain

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?

Christopher Ragain

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.

Christopher Ragain

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.

Christopher Ragain

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.

Christopher Ragain

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.

Christopher Ragain

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?

Christopher Ragain

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.

Christopher Ragain

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!

Christopher Ragain

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.

Christopher Ragain

2020 Last-Minute Vehicle Purchases to Save on Taxes

Thanks to the Tax Cuts and Jobs Act (TCJA) tax reform, you can write off the cost of a vehicle purchase faster than ever before—including, in many cases, up to 100 percent of the cost in 2020.

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