2020 COVID Relief Affecting Individual Taxpayers
Tax Season is here. Before you gather and submit your 2020 tax information, here are a few things you need to know. Below is an overview of key provisions in...
26 January, 2021
tax break Tag
Game-changing updates to the Employee Retention Credit
(authored by RSM US LLP) Paycheck Protection Program (PPP) loan recipients may now qualify for the employee retention tax credit based on new legislation signed....
07 January, 2021
New Stimulus Bill and PPP Updates
On Dec. 22, 2020, Congress passed the latest COVID-19 Relief Bill. This is the largest bill ever passed by Congress at over 5,500 pages. It contains over $900 billion of...
22 December, 2020
COVID-19 Relief Act Extends and Improves Many Credits and Incentives
(authored by RSM US LLP) The 2021 Consolidated Appropriations Act passes Congress and includes many extended and improved tax credits and incentives....
22 December, 2020
Solar Tax Credit is Sunsetting Soon
A federal tax credit for the purchase and installation costs of a residential solar system is fading away. After being 30% of the cost for several years through 2019, the...
10 December, 2020
Small Business Tax Advantages
This article explains the benefits of being a “small” business. “Small” is bigger than ever! Is your business eligible for expanded tax benefits? Small businesses enjoy several tax advantages that may allow...
18 November, 2020
Tax Planning Guide 2020-21
What word other than “unprecedented” can be used to describe the events we’ve experienced this year? During such times, tax planning is far from top of mind. But it’s still...
06 November, 2020
S-Corporation Tax Advantages
This article explains the requirements and advantages of an S corporation status and what needs to be done to avoid S corporation termination. The proper care and feeding of your S...
06 November, 2020