Here’s an idea: how about transforming your next vacation into business travel? With careful planning, your transportation to any destination could be fully deductible. This
Did you miss out on the first two opportunities to receive your tax-free Paycheck Protection Program (PPP) cash? Many did miss out. Why? One reason:
Refresher on 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.
You are likely at or nearing the stage where you are thinking of applying for your Paycheck Protection Program (PPP) loan forgiveness. Here’s good news:
Many taxpayers are struggling to pay their taxes due to the coronavirus (COVID-19) pandemic. Some 11.23 million Americans owe a total of more than $125
Amended Tax Return Status: 866-464-2050 www.irs.gov/filing/wheres-my-amended-return Apply for an EIN: 800-829-4933 www.irs.gov/businesses/small-businesses-self-employed/employer-id-numbers Estate and Gift Taxes: 866-699-4083 Excise Tax Help: 866-699-4096 FBAR Online Filing https://bsaefiling.fincen.treas.gov/NoRegFBARFiler.html Get Tax Transcript for
Hiring your spouse to work as an employee in your business can save you big on taxes. The savings can be particularly great if you
From what we know, when lawmakers originally passed the Paycheck Protection Program (PPP), they thought that under its provisions you did not pay taxes on
If you own your business and have at least one employee, a great way to obtain the maximum tax deductions possible for health care insurance
All small-business owners with one to 49 employees should have a medical plan in their business. Sure, the tax law does not require you to
The clock continues to tick. Your retirement is one year closer. You have time before December 31 to take steps that will help you fund
Here’s the basic strategy: Avoid the high taxes (up to 40.8 percent) on short-term capital gains and ordinary income. Lower the taxes to zero—or if
With all that’s happened in 2020, it’s easy to forget about your Section 199A deduction.
You may remember that the Tax Cuts and Jobs Act (TCJA) gave many pass-through businesses the Section 199Adeduction as a no-effort, do-nothing 20 percent tax deduction based on defined business income.