Changes to 1099 Fillings
New 1099-NEC and other 1099 Revisions. Don’t forget, you must provide 1099s for 2020 to workers no later than Feb. 1, 2021. The forms are normally due Jan. 31, but since...
14 December, 2020
tax tips Tag
Tax Consequences of Losing Your Job
If you have lost your job, there are a number of tax issues you may encounter. How you deal with these issues can profoundly impact your taxes and finances. 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
Summary on Meal and Entertainment Tax Deductions
On Sept. 30, 2020, the IRS issued final regulations that provide guidance for meal and entertainment deductions under section 274 of the Internal Revenue Code. The following is a general...
03 November, 2020
COVID-19 Year-End Tax Planning
If you are reading this, that means you’ve survived what will be one of the most interesting years in your life! This year has brought changes to the way we...
03 November, 2020
2020 Election Preview: Real Estate
(authored by RSM US LLP) With the election approaching, RSM is looking at the economic stakes and the key issues for various industries....
21 October, 2020