The IRS has provided guidance for taxpayers reporting the employee retention credit for certain employers subject to closure due to the COVID-19 crisisRead More
Archive for the ‘Tax’ Category
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Now May Be a Good Time for a Roth Conversion
Low market values may provide a tax-smart opportunity to convert your traditional IRA to a Roth IRA. Here are some factors to consider.Read More
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Tax-Favored Coronavirus-Related Distributions
One CARES Act relief measure allows withdrawals of up to $100,000 from IRAs with no tax hit if those amounts are recontributed within three years.Read More
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Business Tax Provisions in Third Coronavirus Relief Package
By a unanimous vote on March 25, the Senate passed a third coronavirus relief package, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act, H.R. 748,…Read More
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CARES Act Signed, SBA Loan Expanded
The CARES (Coronavirus Aid, Relief, and Economic Security) Act was signed into law, significantly expanding loans for small businesses.Read More
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Coronavirus (Covid-19): Tax Relief for Small Businesses
In response to the coronavirus (COVID-19), Congress and the IRS have recently provided tax relief to businesses. Here’s a brief rundown.Read More
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How Business Owners May Be Able to Reduce Tax by Using an S Corporation
Do you conduct your business as a sole proprietorship or as a wholly owned limited liability company (LLC)? If so, you’re subject to both income tax and…Read More
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Does Your Business Qualify for the Research and Development Tax Incentive?
The Research and Development tax incentive can save business owners big money, and you may already perform activities that qualify.Read More
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Ideas to Lower Your Taxes for 2019
Tax season is well under way. Have you filed (or extended) your individual federal tax return for 2019 yet? You may still have time to make some…Read More
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Has the TCJA Lowered Your Taxes?
We now have two years of the Tax Cuts and Jobs Act (TCJA) changes under our belts: 2018 and 2019. Are your taxes lower than before the…Read More