Tax

EIDL Increase The U.S. Small Business Administration (SBA) is increasing the maximum amount small businesses and non-profit organizations can borrow through its COVID-19 Economic Injury Disaster [...]

I have been getting a lot of questions on the 2021 Child Tax Credit. Many of my clients were asking if they should accept the child payments that began this year or opt out of receiving them. [...]

July 4th, hotdogs, hamburgers, apple pie, and taxes.  Hopefully, you are able to enjoy the 4th with good health, friends, and some good food.  Just as American as the 4th is the US tax code.  As [...]

You can now support your favorite restaurant(s) and get a larger tax deduction. We are slowly returning to a pre-pandemic environment in the USA.  Many States are lifting restrictions and [...]

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

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