Tax

Tax Tips 2021 The US is slowly beginning to open up following the global pandemic, and the Government has enacted some changes to the tax deductibility of charitable contributions and to business [...]

Taxes and due dates The Federal tax deadline has been pushed back to 5/17.  If you make estimated tax payments, the 1st Q is still due 4/15.  This can be difficult to calculate since you have to [...]

It appears that the IRS will not be extending the filing deadline this tax season, which means that you have until 4/15/21 to file your Federal taxes on time.  Many individuals are wondering how [...]

New for tax year 2020. For tax year 2020, if you are under the age of 59 ½, you may be able to take a distribution from your retirement plan without having to incur the 10% early withdrawal [...]

New PPP Loan Forgiveness Application

Our Tax Organizer

Happy New Year! The President signed a new law that will affect businesses who received Payroll Protection Program (PPP) funds. Here is the good news: The PPP funds will be tax-free.  Just as a [...]

Our December 2020 Recommendations on PPP Loan Forgiveness

Changes for Cash Charity Deductions Due to changes in the tax law, almost 90% of individuals who file a tax return in 2020 will be claiming the standard deduction on their return.  In past years, [...]

Our December 2020 Recommendations on PPP Loan Forgiveness